Sir Jim Ratcliffe’s Ineos Group and Qatari banker Sheikh Jassim bin Hamad Al Thani have reportedly presented their final offers for Manchester United, according to BBC Sport.
The two primary groups attempting to take over the club are these two.
The Glazer family, who own the club, will now evaluate their situation after the latest bid deadline expired at 22:00 BST on Friday.
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Both bidders are eager for the process, which started in November, to come to an end.
According to Sheikh Jassim’s bid, which includes one sum that would go directly to the sellers, the price is around £5 billion, according to BBC Sport.
It also outlines a strategy for investing a sizeable sum in the club’s infrastructure and capital.
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It is known that the third bid deadline only applied to parties interested in purchasing the entire club, not just a portion of it, such as US-based investment firms Elliott and Carlyle.
Finnish businessman Thomas Zilliacus claims he previously submitted proposals but would not make a new offer.
In November, the Glazer family stated that the board had “authorized a thorough evaluation of strategic alternatives,” which included selling the team.
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After handling the sale of Premier League rivals Chelsea, investment bank The Raine Group was hired to oversee the procedure.
The third deadline for bids fell on Friday, following a deadline for expressions of interest in February and a second deadline the previous month.
All parties anticipate the matter will be handled before the transfer window opens at the end of the season because it is recognized that a substantial amount of paperwork has to be finished to get to the most recent level.
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This week, there have also been rumours that Ineos could modify its first offer, which was for the combined 69% stake of the Glazer family, to permit co-chairmen Joel and Avram Glazer to keep their individual stakes.
It’s been emphasized Ratcliffe has consistently maintained that he wants a majority ownership, which gives the rumors credibility.
The “1958” fans club has already criticized this decision and requested “Full Sale Only.”
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The group, which is planning a protest march around Old Trafford’s Premier League match against Aston Villa on Sunday, has also voiced concerns over Elliott and Carlyle’s prospective involvement.
