It’s officially deadline day for Manchester United’s prospective bidders and with multiple parties looking to take over the massive sporting franchise, it’s going to be an interesting few days ahead.
With current owners, the Glazer Family, valuing the club between at least £6-8 billion and now said to be looking for a full sale of the business as opposed to selling partial shares or welcoming new investors, it’ll simply be case a who puts forward the biggest offer.
The deadline for United‘s bidders is 10pm tonight. Here are the candidates said to be seriously considering a takeover.
Sir Jim Ratcliffe
Whoever is leading the race to take over the club is anyone’s guess but it’s fairly common knowledge that one of United’s longest-running suitors is British billionaire Sir Jim Ratcliffe, chairman and co-owner of INEOS — the chemical company who also owns French club OGC Nice.
Ratcliffe is a lifelong Red born in Failsworth who as well as being one of the richest men in Britain also already happens to own a sporting brand in Team Sky cycling, which he bought back in 2019, not mention owning shares in Mercedes F1. If anything, he is clearly a sporting man, at the very least.
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The 70-year-old has enlisted a number of banks including Goldman Sachs to help fund his bid and while many were wary his need for additional financing resembled the leveraged buyout that saw the Glazers take control back in 2005, he is said to have assured he will not load United with any more debt.
Qatar
Ratcliffe’s biggest rival is undoubtedly the Qatari consortium that is said to be heavily interested in buying Manchester United. Given the level of wealth behind those involved, significantly dwarfing the majority of other financial players, their package is widely considered the strongest of United’s bidders.
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Although the amount of money clearly won’t be an issue (try a sovereign wealth fund of £368bn), its source and connection to the state looks to be the biggest sticking point.
It has been stated that Qatar Sports Investments, a.k.a. PSG’s billionaire owners, are not involved in the bid but the financing will have to be fully vetted. Regardless, UEFA are being urged to block the move to prevent further ‘sportswashing’ and the Emir of Qatar gaining unprecedented levels of power in football.
Saudi Arabia
Despite having only recently acquired Newcastle United through the Public Investment Fund (the same sovereign wealth model Qatar are hoping to deploy), it has been reported that a rival bid from elsewhere in the Arabian Gulf could also challenge Qatar’s offer.
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The nation were confirmed to have entered the race by The Telegraph early on Friday, literally hours before the deadline, having previously been rumoured to be in the market for Chelsea before Todd Boehly’s buyout too.
Saudi Arabia obviously share the same oil-based money origins as their Middle-Eastern neighbours and the national government has already said it would back bids from their private sector, but it would still present an odd prospect to see them invest in a direct rival so early into their Newcastle project.
The US — maybe even Elon Musk?
Perhaps the most uncertain prospects are located in the US, with various groups said to have expressed interest in trying to buy the club, though little detail is still known even at this advanced stage.
However, one very wealthy individual (i.e. the richest man in the world) is rumoured to be considering a bid in some capacity: Elon Musk. Yep.
Last but not least, the possibility of investment from China has not been ruled out from the list of Man United’s bidders.
Like the Qatari royals, Chinese investors are rumoured to be putting up an estimated £5bn bid according to The Times, with the possibility of state money also present in this instance.
Once again, though, little is known about the potential investors and whether or not they are part of a large consortium but they cannot be ruled out, especially with China’s massive United fan base.
Once again, the deadline is 10pm this evening (Friday, 17 February) but the full sale will obviously be a much lengthier process, so don’t expect the cogs to start turning right away.
United fans, who would you prefer to have in charge of the club?
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We know many people’s answer is simply ‘anyone but the Glazers’ but, you know, humour us.
Featured Image — Wikimedia Commons/Jason Wong (via Lookout Point)
Sport
Four players set to leave Salford City as club confirms retained list
Danny Jones
Salford City FC have announced their retained list for next season as this year’s EFL campaigns come to a close, with four players confirmed to be leaving the club.
It’s been another up-and-down year for the Ammies, with Karl Robinson’s side ever so narrowly missing out on the playoff places despite looking like they might just sneak in only a fortnight ago.
The Greater Manchester club has somewhat plateaued following their streak of promotions in the immediate years following the Class of ’92 buyout – even Gary Neville himself admits they’ve “lost some momentum” – but with another new era beckoning, who knows what the next few years hold?
One thing that we do now know is which players will be staying at the Peninsula Stadium, with Salford City revealing the four names set to depart upon the contract expiry this summer.
Following a sixth consecutive League Two season, Robinson and the administration will no doubt be looking to once again freshen up the squad in the coming transfer window.
That being said, while the likes of ‘Player of the Year’ Ossama Ashley, and fellow first-team stars Haji Mnoga and Luke Garbutt all seeing their deals extended into at the very least 2025-26, not mention seven new contracts offered to new players, they will be losing some key players and fan favouries.
Right-back Liam Shephard has also decided to join those parting ways with the Ammies head of next season, with many fans gutted to see the popular squad member heading for the exit door.
The club are going about sharing farewell videos for each of them, knowing full well a few will feel tought to take for some supporters.
Thank you for the past 4 years Shep ❤️
Across 92 games, a nearly 50% win percentage along with 4 goals and 13 assists, we thank @Liam_Shep2 for all his hard work 🫡 pic.twitter.com/G2cPLYx9hx
Crediting all of them for the years of service, especially given the roles that many of them played in helping Salford reach the playoffs in the 2022/23 season, the club expressed their gratitude to the senior quarter for their contributions.
Meanwhile, in terms of the youth set-up, there due to be even more departures, including the likes of Callum Morton, Jez Davies, Marcus Dackers, Sandro Da Costa and more.
You find out the full details from the 24/25 retained list HERE.
With a second modern takeover of Salford City having just been confirmed this month, the new ownership group will be looking regain some of that monentum Neville talked about and bring in replacements for the outgoings as they look to continue climbing the pyramid.
Ex-Salford Red Devils CEO steps back in to try and save the club from collapse
Danny Jones
Former Salford Red Devils CEO, Paul King, has flown in to help his former employers as the rugby league side hopes to rescue itself from the brink of complete collapse.
Paul King only left Salford Community Stadium and the Red Devils in February, being replaced by Chris Irwin, but since the latter resigned this month and promises of financial security still look far from coming good, the 54-year-old is back in the fold and trying his best to save the 152-year-old club.
Salford were the subject of a Swiss takeover earlier this year, which looked like it might beckon a whole new era for the long-established local team, but despite claims of clearing debts and righting the ship by businessman Dario Berta, it turns out that little has been done to fix the books since then.
In fact, as it turns out, Salford’s line of credit only appears to have been extended as the Devils are thought to be rather deep in the red (a rather cruel irony) with payday loans taken out to pay player wages and keep them afloat. With that in mind, King has come back to do what he can.
While the new consortium is yet to deliver key funds, King is taking the fall. (Credit: Salford Red Devils via Facebook screenshot)
As per multiple outlets, King has now returned to Salford in an ‘advisory role’, consulting on how best to navigate the persisting choppy water surrounding the club.
Although the club has so far refrained from making any kind of announcement of their own – the last being the confirmation of chief exec Irwin’s departure on 6 May – it’s understood that King has actually been continuing to help cover costs ever since he left.
The man himself has downplayed his impact thus far, stating that he’s simply “been pulled in from gardening leave to advise, that’s all”, insisting that “it’s all very short-term.”
However, despite no longer being actually a full-time member of staff at Salford Red Devils, he is said to have been paying player wages for the last three months and
Even more concerningly, though it will no doubt touch fans to hear, he is also believed to have put his own home up as collateral against what the club owes to lenders; it’s not even the first time he’s done this, either.
Former CEO Paul King is back at Salford Red Devils in an advisory role.
It's understood King paid the player wages for the past three months.
👹 The Devils are still waiting on significant funds from their new owners.
In a modern sporting era where owners, consortiums, nation states and so on are often criticised over their stewardship of clubs, this kind of generosity and hustle from a man who isn’t even technically employed by the business has to be applauded.
That being said, it’s no surprise that their struggles off the pitch have translated to performances as well, with Salford sitting at the bottom of the Betfred Super League table, having notched just one win this season. Some stability is needed, and soon.
Here’s hoping it all pays off – a community club that’s been around so long and means so much to the local area cannot be allowed to disintegrate.
Meanwhile, over in the EFL, neighbours Salford City FC have also seen their ownership change hands as they hope to avoid similar uncertainty in this next chapter. The sporting-obsessed city and its countless supporters have no intention of giving up on their teams.
Danny Jones -
17th February 2023 
