Elliott Management enter second stage of bidding but doubts remain over Glazer family’s desire for a full sale amid Qatari interest – THE INFORMANTI

Elliott Management have made it into the second round of the Manchester United bidding process – though there are doubts whether the Glazers will sell up.

The Glazer family confirmed last November that they were open to selling the club, leading to interest from some of the world’s richest organisations.


The Glazer family are weighing up proposals to buy Manchester United


The Red Devils are valued at over £6billion by the Glazer family

As well as interest from Sir Jim Ratcliffe, Qatari Sheikh Jassim bin Hamad Al Thani is also keen on a move to buy the Premier League giants who are valued at around £6billion by the Glazers.

While both parties have made offers, neither have met the valuation set.

Al Thani is only interested in a bid to buy 100 per cent of the club, paving the way for US hedge fund Elliott Management to move in.

Their proposal would be to offer financing to any interested parties, or to the Glazer family themselves.

With this update suggesting that the current owners are open to all manner of potential proposals, talkSPORT’s chief football correspondent Alex Crook has stated that it wouldn’t be a surprise if a full takeover wasn’t completed after all.

Asked if the deal will get done on the White and Jordan show, Crook said: “I don’t know.


Sheikh Jassim claims to be a lifelong fan of the club but is only keen on buying 100 per cent of the club


Billionaire Ratcliffe is also a United fan and has lodged a huge bid to buy the club

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“As you know I’ve been concerned for some time for Manchester United fans that the Glazers aren’t actually committed to selling the football club. Not lock, stock and barrel anyway.

“We know they have a certain valuation of more than £6bn and that that valuation hasn’t been met by any of the bids that have been received so far.

“And then we hear about the Elliott Group and this hedge fund from America who were present at the game last night as they bounced back from the weekend against Real Betis.

“If they were to come in, it would be a way of the Glazers selling a minority of their shares and actually keeping overall control.


It remains to be seen if the club will be sold in its entirety at all

“I still don’t think that it’s a foregone conclusion that the Glazers will sell up 100 per cent.

“What we do know, the Qataris have been quite clear on this, they won’t pay more than they think the football club is worth.

“They do see this as a business transaction and they won’t be forced into a bidding war or into paying over the odds.”


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