DAILY STAR
Paul Scholes has already warned Manchester United that there will not be a connection between the club’s fans and any new billionaire owner.
Qatari businessman Sheikh Jassim is bidding for the club alongside Britain’s richest man Sir Jim Ratcliffe, who had previously been tipped as favourite with his strategy of buying United. Sheikh Jassim’s bid then appeared to be in pole position to buy the club from the Glazer family, but no decision has been reached.
In a hugely protracted process that is close to entering its eighth month, the Glazer family are finally on the same page regarding the club’s sale. There had been concerns that the family were at odds with each other over the process of selling the club as all six siblings still profit from their shares.
Ratcliffe, Britain’s richest man, had previously been tipped as favourite with his strategy of buying United. The INEOS chief’s offer would see him take a controlling interest in the club and allow current owners Joel and Avram Glazer to temporarily retain a 20 per cent stake in United.
Due to the huge unpopularity of the Glazer owners, whose leveraged buyout of United saw them effectively transfer their business debt onto a previously debt-free club. Coupled with their business strategy, United have been left behind on and off the pitch under their stewardship. However, Scholes has warned against any quick fixes.
