The Glazer family have had two offers on the table for eight months...CONTINUE READING THE FULL ARTICLE>>>
Manchester United supporters are still waiting for a resolution to the takeover saga.
The Glazers announced they had put the club on the market back in November of last year. Since then, there have been two leading candidates in the race to buy the Old Trafford side.
Qatari billionaire, Sheikh Jassim bin Hamad Al Thani, has lodged a bid which would see him buy 100 per cent of the club and the Glazers depart. Meanwhile, INEOS chief Sir Jim Ratcliffe has put a 60 per cent offer on the table, which keeps the door open for the Americans to remain.
As the process keeps rumbling on, MEN Sport looks at the latest takeover headlines.
Scholes has sent warning to next United owners
Walking through the doors at Old Trafford as the club’s new owner may represent a dream moment for whoever gets given the honour, but in reality, one aspect may fall short of expectation.
Any thoughts of adulation from supporters may have to be put on hold, if United legend Paul Scholes’ previous comments are anything to go by.
Scholes warned that any club with billionaire owners, including rivals Manchester City, Arsenal, Tottenham and Liverpool, don’t enjoy a connection between their owners and fans – meaning Sheikh Jassim and Sir Jim Ratcliffe could now expect things to be the same should they take over United.
Next owners could face Man United budget issue
Football finance expert, Kieran Maguire, believes the next owner of Manchester United could face some difficulties due to UEFA’s Financial Fair Play.
Maguire, speaking to Football Insider, has outlined his view that United’s transfer kitty may have to stay the same – regardless of who takes over at Old Trafford.
United manager Erik ten Hag is working on a budget this summer, with Mason Mount’s signature secured but United having to spend their remaining funds wisely ahead of the new season.
It has been observed, by Maguire, that United cannot afford for their losses – as per FFP rules – to go above £15million due to the Glazer’s lack of investment.
That could feasibly be resolved by new owners pumping money in, but UEFA’s financial regulations present another potential dilemma.
“If there is a change of ownership at Old Trafford this summer, one way of bolstering the budget is for new owners to invest money into the club, in the form of new equity shares,” Maguire said.
“That would help to address the Premier League’s profitability and sustainability rules, as it would allow United to spend an additional £90m over three years – on a combination of wages and amortisation.
For UEFA, it’s slightly more complex. They have recently changed to their new financial sustainability regulations, which allow clubs to only lose €60m (£51m) over a three-year period. Also, we’re effectively moving to a wage cap of 70 per cent of revenues, although admittedly this has not been an issue for United in recent years….READFULL
