The Glazer family are thinking to delay the sale of Manchester United Football Club until after the end of the season.
ESPN reports that one of the reasons for potentially delaying the sale is that the “Glazers are still trying to agree on their future with United, particularly because Joel and Avram Glazer are reluctant to give up their stake”.
The Glazer family announced last November they were open to selling Manchester United, but little progress has been made since then.
Two bidders – Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe – have submitted their offers to take over the football club.
Sheikh Jassim, a Qatari royal and businessman, intends to acquire 100 per cent of the club.
On the other hand, Sir Jim Ratcliffe, a British billionaire, is seeking a controlling stake in the club which can allow the Glazers to remain as minority shareholders.
Few American firms like Carlyle Group and Elliott Investment Management have offered handsome funds to gain a partial stake in the club. This route will help the Glazers to remain the primary owners of the club.
Delay in the sale of Man Utd will enrage the club supporters
The whole Man United takeover has stretched a lot already. The season will conclude in the next fortnight and the transfer window kick-off is fast approaching.
Erik ten Hag has created a positive atmosphere on the pitch with results and an attractive style of play. However, any more delay in the sale of the club will infuriate the supporters.
The United fans are desperate to see the back of the Glazers. They want the sale process to conclude quickly so that the new owners can discuss transfer plans for the upcoming summer window.
The Glazers know that Man United are on the brink of securing the UEFA Champions League football for next season.
Apart from the high quality of football, the elite European competition brings great revenues for the club.
The American owners might be playing another trick by waiting until United confirm their UCL spot so that they can factor the possible revenues in the sale of the club.
This is just another example of how money-minded the Glazers are and that they do not care about the demands put forward by the United supporters.