The Glazers, who own Man Utd, will refuse to walk away from the £6bn valuation as Sheikh Jassim and Sir Jim Ratcliffe make bids

Manchester United bidders are told the Glazers have no intention of selling for less than their asking price of £6billion.

And that casts serious doubts on competing bids of up to £5billion from Qatar’s Sheikh Jassim Bin Hamad Al Thani and Sir Jim Ratcliffe.

The Glazers family want £6billion for Manchester United

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The Glazers family want £6billion for Manchester UnitedPhoto credit: AFP
The club is valued at £2.9 billion on the New York Stock Exchange

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The club is valued at £2.9 billion on the New York Stock ExchangePhoto credit: Getty

American hedge fund giant Elliott is also offering to put together a package for a figurehead willing to take on any offer.

But an insider said: “It’s still not clear if the Glazers actually intend to sell, and – if they do – only for the highest dollar.”

“It’s possible they’re more interested in a partial sale than a full sale at this point – as that could value the club higher.

“Obviously they want to maximize their profits by selling at their preferred price or not at all.

“The other possibility that no one is ignoring is that they simply decide that none of the offers come close to what they want and cancel it, hoping that in a year or so market conditions will turn in their favor. “

Supporters feared Ratcliffe’s offer could give the Glazers a piece of the club – after Ineos confirmed their bid for the “majority stake” in United.

The hated Glazers reportedly own around two-thirds of the club, which is valued at a combined £2.9bn on the New York Stock Exchange.

However, Ineos’ offer is believed to apply to the Glazers’ entire holding, with the rest mostly owned by American investors.

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Local and lifelong United fan Ratcliffe is one of Britain’s richest men with an estimated net worth of £12.5 billion.

His petrochemicals company Ineos previously bid £4billion for Chelsea and also owns French club Nice – as well as Swiss club Lausanne-Sport.

The 70-year-old enlisted the help of US financial giants JP Morgan and Goldman Sachs.

A statement from Ineos said: “We would see our role as long-term managers of Manchester United.

“We want to invest in Manchester United to make them the number one club in the world again.

“We also recognize that the governance of football in this country is at a crossroads.

“We want a Manchester United anchored in their proud history and roots in the North West of England, bringing Manchester United back and focused on winning the Champions League.”

Hedge fund Elliott, led by Paul Singer, came forward as a potential buyer yesterday – although they’re not interested in a full buy – and could even join forces with Ratcliffe.

But Elliott is at least offering a way for any bidders who lack the financial firepower to buy the club.

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The former AC Milan owners manage a fortune of £46bn.

Sheik Jassim promised his “100 percent” offer for the club would be “completely debt free”.

Sir Jim Ratcliffe grew up in Manchester and is a Red Devils fan

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Sir Jim Ratcliffe grew up in Manchester and is a Red Devils fanCredit: AFP or Licensor
Qatari Sheikh Jassim Bin Hamad Al Thani went public with his £5billion bid

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Qatari Sheikh Jassim Bin Hamad Al Thani went public with his £5billion bid

https://www.the-sun.com/sport/7433797/man-utd-glazers-refuse-valuation-jassim-ratcliffe-bids/ The Glazers, who own Man Utd, will refuse to walk away from the £6bn valuation as Sheikh Jassim and Sir Jim Ratcliffe make bids

ClareFora

ClareFora is a Dailynationtoday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. ClareFora joined Dailynationtoday in 2021 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing: clarefora@dailynationtoday.com.

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