Man Utd takeover: Reporter gives boosting update for ‘quick’ deal after Glazers’ ‘green light’
Ben Jacobs, a journalist for CBS Sports, asserts that a takeover of Manchester United will proceed “rapidly” once the Glazers have given their preferred candidates the “go-ahead.”
Sheikh Jassim, chairman of Qatar Islamic Bank and son of a former Qatari prime minister, and Sir Jim Ratcliffe, Sheikh Jassim’s rival, submitted proposals for the club before the April 28 deadline.
But last week, Sheikh Jassim took matters into his own hands by submitting a fourth proposal directly to the Glazers, despite the Ratcliffe camp’s growing confidence that they will be the new Manchester United owners.
According to reports, all parties are working toward a fast agreement with the summer transfer window in mind, and Jacobs has disclosed that “elements of the process have been completed.”
Jacobs told GiveMeSport, “For both parties, a decision cannot arrive soon enough. They prefer to be present when the transfer window opens.Manchester United requires this because the recruitment team is currently planning, but they do not know whose money they are spending.
“Therefore, one of the benefits of the way the process has been structured is that even though it appears that a preferred bidder or any clarity as to what the Glazers are thinking has been delayed, there are elements of the process that have been completed that would typically occur later in a traditional takeover during an exclusivity period.
“Therefore, much of the due diligence, much of the inquiry, and much of the logistics may have been performed earlier, in a transactionally backwards manner.
“As a result, even though we are still waiting for the Glazers to give the go-ahead to someone, should they do so, both groups have a lot more in place at this stage of the process in order to complete a deal as quickly as possible,” the author writes.
With little news emanating from the club, Man Utd supporters are beginning to worry that a delayed takeover could hinder their ability to recruit the right players this summer.
Recently, Red Devils head coach Erik ten Hag stated, “We do our job in the background and we work hard, but for now, it’s all about games, qualifying for the Champions League and the FA Cup.”
“For me, it is a matter of finances and having the money to do the right things.”
Jacobs yesterday dispelled rumors that Sheikh Jassim was prepared to purchase West Ham if the agreement for Manchester United fell through.
Jacobs wrote on Twitter, “Sheikh Jassim will not consider West Ham if he fails to acquire Manchester United.” West Ham has not been approached by Nine Two Foundation or even discussed internally.
“Should Nine Two Foundation fail to reach an agreement to purchase #MUFC, it is expected that QSI would head any approach to another club. Malaga is the following prospect.
“As previously disclosed in January, Nasser Al-Khelaifi also held exploratory discussions with Daniel Levy regarding a minority stake in Spurs. QSI have also not held discussions with West Ham.”
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Man Utd takeover: Reporter gives boosting update for ‘quick’ deal after Glazers’ ‘green light’