Another U-turn from the Glazers? You betcha. This one gives Sheikh Jassim the edge in the Man Utd takeover battle.
Man Utd takeover: Glazers U-turn on Sheikh Jassim as ‘loss of confidence’ emergesThe Glazer family have reportedly performed a U-turn and no longer want to retain a stake in Manchester United, leaving Sheikh Jassim as the hot favourite over Sir Jim Ratcliffe.
It was for that reason that Ratcliffe’s bid, which would allow the Glazers to retain shares in the club before selling them later, was for a while deemed the preferred option., they are now willing to relinquish their entire stake in the club, which suggests they’re leaning towards Sheikh Jassim. “Those running the process are working around the clock now with both groups to try and get both offers in shape, which is highly atypical,”“This is also why the fixation with a preferred bidder is largely unhelpful, because if we were earlier in the process, you would have a preferred bidder, and then that preferred bidder would enter into a period of exclusivity and they would undertake due diligence and any potential final negotiation and it would be significant because the Glazers would...
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