Deadline for Man United Bids Draws Closer
Potential buyers of the Manchester United football club have until 9pm GMT tonight, Wednesday 22 March, to submit their second bid for the renowned English team.
The Glazer family – who currently own the club – are reportedly asking for between five and six billion pounds for the club, which would surpass the previous world record for bids (£3.71 billion paid for the NFL’s Denver Broncos team last year).
Currently, the two top contenders are Qatari banker Sheikh Jassim bin Hamad AlThani and INEOS owner, Sir Jim Ratcliffe; however as many as eight entities may choose to bid.
Speaking with an international publication on Sunday, 19 March, Ratcliffe said that he was unwilling to pay a “stupid” price for the club, before adding: “How do you decide the price of a painting? How do you decide the price of a house? It’s not related to how much it cost to build or how much it cost to paint.
“What you don’t want to do is pay stupid prices for things because then you regret it subsequently,” the 70-year-old added sagely.
While previous undisclosed offers have been submitted for the club, the ongoing sale strongly points to the first offers being well below the Glazers’ expectations.
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