According to the "Daily Mail" report, the UAE consortium is considering a blockbuster bid to acquire Manchester United, after Saudi billionaire Turki Al-Sheikh said that the club "has entered the final stages of a sale to new investor...
According to the "Daily Mail" report, the UAE consortium is considering a blockbuster bid to acquire Manchester United, after Saudi billionaire Turki Al-Sheikh said that the club "has entered the final stages of a sale to new investors."
A UAE-based consortium is considering making a takeover bid to the Glazer family, which values the club at more than £5 billion. It is reported that the consortium has contacted many legendary Manchester United players and invited them to participate in the acquisition plan as ambassadors.
But so far, the consortium has not yet contacted Manchester United's major shareholders, and the actual situation is completely different from what Al-Sheikh said.
In February last year, Sir Ratcliffe acquired 27.7% of Manchester United's shares for 1.3 billion pounds. The deal includes a "forced follow-through" provision that took effect in August, allowing the Glazer family to negotiate with potential investors without Ratcliffe's knowledge and force them to sell their shares.
