US investors Elliott Management ‘want to buy 60 per cent of Man Utd and willing to pay for £2bn Old Trafford upgrades’
US investors Elliott Management have reportedly submitted an offer to buy 60 per cent of Manchester United.
Red Devils chiefs, the Glazer family, opened the door to selling the club back in November.
GettyThe Glazers are interested in selling or offloading shares in Man Utd[/caption]
Qatar’s Shiekh Jassim bin Hamad al-Thani and British billionaire Sir Jim Ratcliffe have made offers to purchase the Premier League giants.
But while both parties await a response from Raine Group – the merchant bankers dealing with the sale on behalf of Man Utd – a minority offer has now been proposed.
According to The Mail, Elliott Management formally made the proposal to Raine Group last month.
And they have also offered to fund a £2BILLION overhaul at Old Trafford should the Glazers choose to retain control of the club or sell to other investors.
Bidders are hoping to hear back from Raine Group in the next few days regarding the next steps in the process.
The Qatari offer was for a complete takeover of the club, while Ratcliffe’s bid was for a majority stake.
Both bids were initially lodged at £4.5billion.
SunSport understands that the Glazers are asking for around £6bn for a wholesale takeover.
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Man Utd fans are keen to see the back of their current owners as they continue to protest their presence.
The Glazers’ continued involvement could mean a mass exodus of players in the summer in order to raise funds for new arrivals.
As many as seven United stars could reportedly be shipped out in order to finance transfers as Erik ten Hag looks to build on an impressive first season in charge.
United have already won the Carabao Cup and are still in three other competitions.
They face West Ham in the fifth round of the FA Cup on Wednesday, before the start of their Europa League last-16 tie against Real Betis next week.
And they are also in with an outside chance of winning the Premier League title as they sit eight points adrift of table toppers Arsenal.
