Manchester United takeover rumours: Al Raya have confirmed that a full takeover of Manchester United is only hours away
As rumors of an impending takeover surface, Manchester United supporters’ lengthy wait for a change in ownership may finally be coming to an end. The anticipation surrounding the club’s future escalated when former defender Rio Ferdinand hinted at significant takeover news on his podcast. The authenticity of the suggestion had been questioned in earlier reports, but current events in Qatar indicate that the takeover might be completed in a matter of hours.
The Glazer family had previously stated their desire to investigate strategic options for Manchester United back in November, but they have since been under increasing pressure from fans. Two well-known people have emerged as the front-runners in the takeover race: British businessman Sir Jim Ratcliffe and Qatari financier Sheikh Jassim bin Hamad Al Thani. There have been five rounds of bidding, and last month, Sheikh Jassim reportedly put a deadline for himself.
Sheikh Jassim has stated his intention to take full ownership of the organization and his dedication to paying off Manchester United’s debt. The Glazer family may continue to be present at Old Trafford throughout a gradual exit thanks to Ratcliffe’s deal, which involves buying the controlling ownership. The protracted acquisition controversy has been mirrored in recent stock market movements, with United’s share price increasing by 3.45% over the last five days.
According to reports from Qatar, in particular from the publication Al Raya, Sheikh Jassim may be about to win the race to become the new owner of Manchester United. The Glazer family is allegedly anticipated to sign the acquisition agreement in the next hours, according to Al Raya. Although the club has not yet released an official statement, this event might mark a turning point in the ownership crisis.
The Glazer family has received criticism for their ineffective communication during the drawn-out acquisition process. Rio Ferdinand expressed his displeasure, blaming the delays on the challenges of working with various members of the Glazer family. The long-awaited change in ownership, however, may soon occur given that the takeover is about to come to an end.