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Manchester United Bid Deadline

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The Manchester United ownership saga is set to take a significant step forward on Friday, with the final bid deadline for interested parties at 22:00BST. Despite suggestions of multiple bidders, only Qatari banker Sheikh Jassim and Sir Jim Ratcliffe’s Ineos are expected to meet the deadline. The Glazer family, who announced in November that they were considering strategic alternatives including selling the club, have hired Investment bank the Raine Group to oversee the process. After two previous deadlines for expressions of interest, Friday marks a third deadline for bids, with bidders asked to provide sources of their wealth and financial plans for the club. There have also been suggestions that Ineos could restructure their offer in a way that would allow co-chairmen Joel and Avram Glazer to retain their personal shareholding. This move has been met with criticism from the ‘1958’ fans group, who have demanded ‘Full Sale Only’ and have been critical of potential involvement of US financial institutions Elliott and Carlyle, who have offered to buy a minority stake in the club. All parties involved believe that the situation will be resolved before the transfer window opens at the end of the season.

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