United Anticipating Formal Bids


Manchester United owners, the Glazers, are expecting formal bids for the sale of the club to take place this week.

According to the Metro, billionaires across the world who are interested in buying the club will have this week to make a formal bid, with the highest bidder expecting to be the new owner of the club, with the Glazers wanting to get the best deal.

Billionaires such as Sir Jim Ratcliffe and his consortium will look to put their bid in this week, with many Middle Eastern businesses looking to invest in the 20 Premier League title-winning receive and club.

The Raine Group are overseeing the bids that will come into the club, as they are being employed by the Glazers for the sale of the club.

The company also dealt with the recent sale of Chelsea when Todd Boehly bought the club off Roman Abramovich in the summer of last year.

However, whoever buys the club will have to pay off the current debts at United, which go back to when the Glazers bought the club in 2005, as they leave debts worth up to £500m at Old Trafford.

The sale of the club is meant to be one of the biggest sales for a sports club ever, but with these debts and new facilities needed, the right owner has to be the next owner for Manchester United.

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