Manchester United co-owner Avram Glazer has refused to present an replace on a timescale or any potential takeover bids over the potential £7billion sale of the membership.
The Glazer household final month introduced their intention to ‘discover strategic alternate options’ at Manchester United, revealing for the primary time that they’d take into account promoting the membership.
The Raine Group, which acts because the Pink Devils’ unique monetary advisor, has set an asking value of between £6bn and £7bn, aiming for a full sale within the first quarter of subsequent 12 months.
Proprietor Avram Glazer refused to ship a particular replace over the sale of Manchester United
The Raine Group, the membership’s monetary advisor, has set the asking value between £6bn and £7bn
When requested in regards to the takeover whereas watching the World Cup in Qatar, Glazer declined to present supporters any particular replace in a uncommon instance of one of many much-criticised household talking publicly about United.
‘It is not essentially a sale,’ he informed The Athletic. ‘It is a course of and we’re going ahead with the method, so we’ll see what occurs.’
When requested whether or not any events had expressed curiosity, Glazer replied: ‘I am right here to actually watch the World Cup however I respect your curiosity.
‘That is the replace, it is the method and the method is continuing.’
The Glazers revealed their intention to ‘discover strategic alternate options’ on the membership final month
The controversial proprietor, 62, has been in Qatar watching the World Cup semi-finals this week
The 62-year-old was then questioned a couple of detailed timescale for the takeover, however he merely mentioned: ‘As soon as once more, I am right here to benefit from the World Cup however I respect your questions.’
The Glazers, who’re vastly unpopular with United followers, have been on the helm in Manchester for 17 years for the reason that membership’s controversial leveraged £790million buyout in 2005.
Amazon, Apple and lifelong Pink Devils supporter Sir Jim Ratcliffe have all been linked to a takeover on the membership, though it’s believed no superior talks have been made with any occasion at this stage.
Glazer attended the primary semi-final between Argentina and Croatia and remarked that he was now ‘wanting ahead to the ultimate’.
