Deadline Day for potential buyers

A deadline has been set for potential buyers to lodge their bids for Manchester United.

United have received plenty of interest, with British billionaire Sir Jim Ratcliffe being joined in the race by Qatar this week.

US merchant bankers Raine, who are overseeing the sale, have set a February 17 deadline for offers to come in.

The Glazer family have been targeting an eye-watering offer of £6billion to sell the 20-time league champions.

But given the £2bn required for a buyer to renovate Old Trafford and Carrington, they may have to settle for less.

A fee in the region of £4.1-£4.5bn has been deemed more realistic.

February 17 is being viewed as a “soft” deadline, however, meaning that a better bid could later be lodged.

Source link