According to sources at Football Insider, takeover brokers Raine Group have requested that certain details of the Manchester United acquisition process remain confidential.
Despite these requests, Sir Jim Ratcliffe’s INEOS and the Qatari consortium led by Sheikh Jassim bin Hamad Al Thani have both submitted proposals to purchase the famous football club from the Glazer family.
Both offers currently fall short of the £6 billion valuation set by the Glazers, which has resulted in delay of any sale until nearer the end of the season.
It is believed that INEOS and Qatar have submitted provisional offers reaching between £4.5 billion and £5 billion.
However, various parties involved in the process are accused of ignoring directives intended to maintain confidentiality surrounding negotiations, leading to leaks about specific financial details.
These leaks include information on offer values and potential structures for a deal.
Despite attracting fewer offers than anticipated, there remains significant interest in acquiring ownership of Man United with US firm Elliott Management among those interested in financing a deal.
It should be noted that they denied recent reports suggesting they would table an actual bid for 60% control of ownership.
Meanwhile, Qatar is reported to remain confident despite backlash over Newcastle United owners PIF’s alleged connections with Saudi Arabia during a US court case.
Premier League CEO Richard Masters has warned ownership regimes could be removed if found retrospectively to be state-governed, which has raised some concerns about Sheikh Jassim’s consortium as well.
Article updated 2 months ago. Content is written and modified by multiple authors.
