The sale of Manchester United has begun. The Glazer family has controlled the club since 2005, but after years of unrest and fan protests against their ownership, the Americans announced in November of last year that they would be putting the club up for sale.
The US bank acting as Man Utd’s exclusive financial advisor on the sale, The Raine Group, set a soft deadline of Friday, February 17 for any interested parties to submit a bid. Find out more: https://t.co/wjd3vwtkyp— ArabianBusiness.com (@ArabianBusiness) February 14, 2023
The first phase of that process begins 18 Feb 2023, with a soft deadline of 10 p.m. GMT for any acquisition proposals to be submitted to the Glazers coupled with a formally registration of any potential bidders’ interest. A paragraph-long statement from the prospective buyer describing how much of the club they want to possess and what their offer is must be included in the document that will house the proposal.
Sir Jim Ratcliffe is the only candidate who has publicly expressed interest in taking over Manchester United at this time. He is the wealthiest person in Britain, the owner of the French club Nice, and a lifelong United supporter. In January, he declared that he will submit a candidacy.
On the field, Erik ten Hag’s team made the opening leg of their Europa League play-off trip last night by flying to Barcelona. Andreas Christiansen’s header gave the visitors the lead before Marcus Rashford and a Jules Kounde own goal put United in ahead. Raphinha beat David De Gea with a wonderful curling goal to keep the tie in a precarious position ahead of the second leg at Old Trafford the following week. They were unable to hold onto that advantage, though.