For a certain period, Manchester United management will not discuss a potential deal with other applicants
Owners Manchester United lead exclusive negotiations With Qatari investors regarding the sale of the club. Amid the announcement of exclusivity, the club’s shares rose to 15% on the New York Stock Exchange.
For a certain period, the Glazer family will not discuss a potential deal with other applicants. How long the period of exclusivity will last is still unknown.
Sheikh Jassim bin Hamad Al Thani is reported to be offering over $6 billion for a stake in the club. The Qataris will also buy out minority shares held by various members of the Glazer family.
Earlier it was reported that among the owners of Manchester United, the American family of Glazers, disagreements arose over the preferred candidate for the deal. The updated proposals of the Qataris also shifted the deadlines for consideration of applications. Initially, the deal was scheduled to close in the spring.
Earlier, the board of directors of Manchester United announced the sale of the club in whole or in part through large external investments. In addition to Qatari investors, British billionaire Jim Ratcliffe is bidding for the deal, offering to buy out just over 50% of the shares, leaving a minority stake of about 20% to the Glazer family.
Source: Sportarena
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