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After a season of progress under Erik ten Hag, it is a well-known fact that Manchester United need to strengthen in multiple positions if they are to keep maintaining their upward trajectory.
But while their closest rivals are busy planning their additions and how to approach deals, the Red Devils are embroiled in a protracted takeover process that might end up denting their summer transfer plans.
The Telegraph have revealed that The Glazers still remain undecided with regards to their preferred choice of bidders and the process could take way longer than expected.
Glazers keep delaying takeover process
Initially expected to be completed within the first quarter of 2023, it is already overdue by a month and now there is a strong possibility that it might take until the summer to get a new owner if any.
“With the target to get a deal done now a month overdue, United’s controversial owners are under intensifying pressure to finally make a decision ahead of the looming summer transfer window.
“However, the prospect of a preferred bidder being declared this week has been ruled out entirely. Key figures say they are now hopeful but not certain that the process can be resolved by the end of the month.”
The transfer window is set to open on June 10 and this delay is surely going to cost the manager and club big time and fans will be fuming.
Ten Hag’s transfer plans in dissaray
There is also the possibility that the American owners do not sell as was hinted at in their initial press release — ““there can be no assurance that the review being undertaken will result in any transaction involving the company.”
While Sir Jim Ratcliffe has come closest to matching the Glazers’ asking price including proposing an option of keeping them own as minority stakeholders, Sheikh Jassim bin Hamad Al Thani wants a full takeover and his bid also includes a pledge to improve Old Trafford and Carrington.
With the latest news, more fan protests are expected to occur with United set to play their final two games of the Premier League season at home against Chelsea and Fulham.
Three American investment firms – Elliott Management, the Carlyle Group and Ares Management – are also in the race and their option of offering to buy a minority stake which will allow the Americans to improve infrastructure also stands.
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Courtesy : https://thepeoplesperson.com/2023/05/18/manchester-united-takeover-process-delayed-again-erik-ten-hag-to-suffer-264123/