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Man United sale 'enters third round of bidding'

:Headline: Man United sale 'enters third round of bidding':
The bidding process for a potential sale of Manchester United is reportedly set to enter a third round.
Sports Mole

Manchester United's sale process is reportedly expected to enter a third round of bidding.

Last year, the Glazer family revealed that they would be exploring "strategic alternatives" for the club that included looking at the possibility of a full sale or fresh investment.

Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe have emerged as the front runners after two rounds of bidding.

Ratcliffe wants to buy the majority share that is owned by the Glazers, while Sheikh Jassim's offer is for 100% of the club.

The pair missed the deadline for the second round of offers last month, but they were given an extension to submit improved bids for the 20-time English champions.

In total, there are believed to be seven interested parties, who want to buy Man United or obtain a minority stake in the club.

According to the Daily Mail, prospective buyers have now been informed that there will be a third and final round of bidding.

The Raine Group, who are handling the sale on the Glazers' behalf, have provided the interested parties with two deadlines.

The first is set for next week and is related to due diligence, while the second deadline of April 28 is for final bids to be submitted.

The decision to send the process into another round suggests that the Glazers are still yet to receive their asking price, which is believed to be £6bn.

There is also a growing belief that the Glazers are pushing for a complete sale of the club rather than a minority investment.

Nevertheless, potential investors remain in the process, including US-based hedge fund Elliott Management, who previously owned AC Milan.

They are interested in acquiring a minority stake in the club, and like many other bidders, they were recently shown around Old Trafford and the Carrington training complex.

Finnish entrepreneur Thomas Zilliacus is also involved in the process after revealing that he has submitted an offer to buy the club. body check tags ::

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Premier League Table
TeamPWDLFAGDPTS
1Arsenal37275589286186
2Manchester CityMan City36267391335885
3Liverpool36239481384378
4Aston Villa36207973532067
5Tottenham HotspurSpurs361961171591263
6Newcastle UnitedNewcastle361761379572257
7Chelsea361691173611257
8Manchester UnitedMan Utd36166145256-454
9West Ham UnitedWest Ham371410135971-1252
10Brighton & Hove AlbionBrighton361212125458-448
11Bournemouth37139155365-1248
12Crystal Palace371210155258-646
13Wolverhampton WanderersWolves37137175063-1346
14Fulham37128175159-844
15Everton37139153949-1040
16Brentford37109185461-739
17Nottingham ForestNott'm Forest3789204766-1929
18Luton TownLuton3768235081-3126
RBurnley3759234076-3624
RSheffield UnitedSheff Utd37372735101-6616
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