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16/08/2023 17:33

UPDATE: the Glazers officially announce new bid up to £8bn after Sheikh Jassim ‘breakthrough’

The Glazers are reportedly cashing in on the Man Utd deal, according to rumors that Sheikh Jassim has made a breakthrough.

Silence and fan anger - The Glazers are ending their Manchester United time as they started it - Steven Railston - Manchester Evening News

The 10th month of the Manchester United takeover crisis will soon begin, and fans are still in the dark about the club’s ownership. However, the chairman of Cardiff City, Mehmet Dalman, may have been the most unlikely source to release a significant clue about an impending selling decision.

Man Utd takeover: Journalist reveals fresh 'concerns' among bidders over Glazer family

The Glazers declared in November 2022 that they were looking for alternative investment alternatives, including a possible sale.

The two main contenders vying for a takeover emerged as British businessman Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani, sparking widespread rumors.

Manchester United confirm the Glazers ARE prepared to sell the club after 17 years at Old Trafford | Daily Mail Online

Additionally, a number of US hedge funds are being considered, giving the Glazer family the opportunity to retain ownership with a small investment.

However, there have been few developments in recent weeks amid rumors that Joel and Avram Glazer, as well as their four siblings, had fallen out over a desire to profit from United.

Man Utd takeover: Mehmet Dalman may have dropped a hint.

Earlier this month, The Sun broke the radio blackout by revealing that Sheikh Jassim had made a breakthrough and that his Qatari side was making a last official offer to complete a deal.

The Glazers: the six family members in charge of running Manchester United

Old Trafford reportedly has confidence that a transaction will close by November. Additionally, Cardiff chairman Dalman might know something that indicates the same.

Dalman spoke with BBC Sport on Bluebirds owner Vincent Tan’s dedication to the team and his willingness to consider additional investment.

Dalman also asserted that United were “going to announce” a sale of more than £7 billion after saying he had been speaking with US funds interested in investing in sport.

Manchester United owner: Get to know the Glazer family and their humongous net worth | GQ India

I’ve been meeting with US private equity investors frequently, and the value of football teams is skyrocketing. Americans are steadfastly committed to entering this market, according to Dalman.

“When we were there, I spoke to the owners of Leeds, and Championship clubs are valued at almost three times their revenue.Manchester United will declare a sale for between £7.2 billion and £7.3 billion, or about ten times their annual revenue.

Man Utd takeover in surprise twist with 'all SIX Glazers to retain shares' under new owner | The Sun

“Two or three years ago, we might have discussed selling Cardiff for approximately £20 million or £30 million, but today, you’ll need to look at £90 million or £100 million. Each Championship club’s valuation has increased.

Sheikh Jassim 'to seal £6bn Man Utd takeover from Glazers' as date set after breakthrough - Daily Star

Whether Dalman’s remarks were motivated by actual information he overheard behind closed doors or by a supposition based on guesswork is unknown.

A substantial update, though, may be coming soon, according to the earlier Sun report, which was published just over a month before November.

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