The deadline for the second round of bidders in the race to takeover Manchester United football club has officially passed, with multiple world record offers reportedly on the verge of being submitted.
Following the first round of bids, which saw a Qatar investment group headed up by Sheikh Jassim bin Hamad Al Thani, and British billionaire Sir Jim Ratcliffe both put in their initial offers, Manchester United set a second deadline of 9pm on 22 March for them to increase their offers and welcome other offers.
While the opening bids matched each other at £4.5 billion, working with financial advisors Raine Group who are brokering in the deal from the US, neither reached the Glazer family ownership’s estimations, who value the club closer to £6bn.
As a result, both went on to carry out further negotiations — each visiting Old Trafford last Friday and staying for upwards of six hours (more than 10 in the case of the Qataris) — but it is now thought they may no longer be the only parties involved in the bidding war. Whether it will be in time is the issue.
Despite earlier reports that Sheikh Jassim and his associates had submitted a “world record offer” before the Glazers and Raine Group’s 9pm deadline (5pm New York time), Sky Sports‘ Kaveh Solhekol has now clarified that the bid was not submitted in time and that they have asked for an extension.
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Man United are said to have agreed to the extension and Sheikh Jassim still remains confident that they have the “best bid” of the bunch.
Moreover, as per the likes of Mike Keegan, Jim Ratcliffe was also set to enter his second bid, with both offers said to have increased to around the £5bn mark. However, the INEOS chief exec is also said to have failed to meet the deadline and been granted an extension, according to a senior source.
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Kaveh also went on to detail that multiple other offers have in fact been submitted, with the numbers said to be “approaching eight” different bidders.
Any bid of more than £3.75bn would break the world record fee for a sports club set when the Denver Broncos were sold last summer.
As for the frontrunners, both offers are still around a billion short of the Glazer’s asking price and not only have Sheikh Jassim and co. already warned they will ‘walk away’ if the price is too high, but it’s unclear how far Ratcliffe’s wealth can stretch if he is to continue pursuing a deal.
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The key difference between the two bids is that Qatar’s bid will apparently make the club debt-free given the sheer mass of state wealth behind them, whereas the Failsworth-born businessman’s financing may be more complex to put together.
Trying to clear up the confusion, The Times‘ Matt Lawton said on Twitter that “both Qatari and INEOS representatives said their bids were in, United sources [are] saying they haven’t yet bid and have asked for an extension”, with offers now set to be made by tomorrow.
As reported by Sky Sports earlier this week, it was thought that “at least five other bidders” and as many as eight in question could join the race along with Ratcliffe and Qatar, who were the only two parties to have submitted an official offer for United during the first round of bidding.
However, a detailed list of the other candidates and precisely how many are still yet to be confirmed; Kaveh did go on to suggest that some could simply be a form of “hot air” designed to hopefully urge the ‘serious bidders’ to edge their offers up even higher.
As for next steps, neither of the parties in the supposed two-horse race expect an immediate decision from the board, especially after the unexpected delay, and those who submitted new offers in the second round of bidding will have to wait at least seven days to hear back from the club and brokers Raine Group regarding their progress.
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However, it is worth noting that these subsequent bids may not necessarily be attempts to buy the club outright and not only is there a feeling that a third round of negotiations could take place, but there is also a growing sense that the Glazers could still pull out of a potential buyout altogether.
Trafford FC appoint sports editor and journalist Andy Mitten as new honorary vice president
Danny Jones
Local non-league side Trafford FC have named revered Manchester author, editor and sports journalist Andy Mitten as their new vice president.
Founder of and chief editor of the long-standing fanzine, United We Stand (UWS), editor-at-large for FourFourTwo and a regular contributor in the likes of The Athletic and The National, he’s one of the foremost football writers in the country.
Best known for his coverage of Manchester United, having followed them all around the world from a young age and written about them in UWS since 1989 – one of if not the biggest fanzine of its kind in the country – he has been a regular face at Trafford FC for several seasons.
As a result of his continued support and advice over the years, club officials have decided to appoint Mitten as the new honorary VP.
I’ve been a regular at non-league matches since watching dad from the age of four. It’s important to support clubs like @FCTrafford who are at the heart of their communities and run by volunteers. Delighted to accept this…and will be pushing to triple ticket prices forthwith. https://t.co/5zSNmBDgQO
Although the position is an honorary one, his decades of experience as a match-goer, knowledge of the football industry at large and media pedigree will no doubt make him a valuable member of the team, providing key insight into how best to run a club from a fan perspective, most crucially.
Making an official announcement on the club site, a short statement on behalf of the board reads: “Trafford Football Club is delighted to announce that Andy Mitten has accepted an offer to become honorary vice-president of the club.
“Journalist and author Andy is often seen at our Shawe View Stadium whenever he is in Manchester, and in recent seasons has taken in a few away games too.
“He has been a great source of advice, ideas, and support for the club for several years now, and being from the locality, Andy wants to help Trafford FC grow in its community in the north of the Borough of Trafford. I’m sure everyone will wish Andy all the best as he takes on his latest role!”
As you can see, resharing to the official announcement on social media, the 51-year-old responded in typically dry wit with a quip regarding ticket prices – a subject he’s been decried very vocally following the recent concession saga at Old Trafford.
Based over in Flixton, Trafford FC has only been going since 1990, when they were originally known as North Trafford, being set up by fellow locals David Brown, John Harrison, David Law, and Bill Whitten.
Cut to 2025 and the Northern Premier League side has seen significant investment and development, with the stands being updated, a new perimeter wall, proper floodlighting and more facilities being installed/improved.
Director Dave Law, who was one of the founding members, is still helping out at the age of 72, selling golden goal tickets on matchdays, writing match reports and plastering posters around the local area, which has seen the club’s following steadily grow over time.
Trafford FC’s next fixtures are in the West Divison against Witton Albion at 3pm on Saturday, 18 January before they take on Avro FC the following Wednesday (22 Jan).
Salford Red Devils issue statement after being ordered to sell players by Rugby Football League
Danny Jones
Local rugby league side Salford Red Devils have been ordered to sell players by the RFL in an effort to meet financial sustainability regulations amid speculation over new investment.
The RFL (Rugby Football League) has declared that the Red Devils must reduce their salary cap after already putting them under special measures late last year, as doubts surrounding commercial revenue streams and gaps in their finances led to them being given an advance to cover their costs.
With their books having been under a microscope, the club have now been told they have to trim £800,000 from their total overheads, meaning players must be let go as soon as possible ahead of the new Super League season.
Squad members Marc Sneyd, Tim Lafai, Deon Cross and Kallum Watkins have all been linked with moves away and Salford had already made five new off-season signings; they also revealed that they received offers for players before anyone had to be sold. Safe to say their future is as uncertain as the club’s.
With a group of Australian investors said to be in talks to be brought into the club, it is believed the takeover will happen but sustainability issues must be resolved first. Salford Red Devils have been fan-owned since 2018 but a lot of criticism has been levelled at CEO Paul King in recent years.
The RFL order to sell players has understandably sparked frustration among an already concerned fan base. Subsequently, the Devils have now shared a lengthy statement responding to reports.
“Over recent months, there has been repeated media speculation on the Club’s financial position”, it begins. “We have purposefully maintained a level of silence since our last statement, not out of avoidance, but out of necessity due to the sensitive nature of our ongoing discussions with potential investors.
“Our discretion has been to maintain and ensure the integrity of those discussions, bound by Non-Disclosure Agreements, and to protect our Club, players and staff.”
It goes on to explain that the takeover prospects are still alive and well, though many details are still unable to be disclosed. One thing that is clear is that the club must sell players “without delay” in order to fall under the issued sustainability cap of £1.2 million, adding, “Until we reach that, we are now prohibited from registering players for the upcoming season
They also clarified that advance funds were handled solely by the RFL themselves, not misspent or directed to specific areas by the club. Regardless, there is a lot of frustration and disappointment among the supporters, with many simply questioning, “Where has all the money gone?”.
Another person wrote: “Not one bit of accountability from yourselves, seems like it’s everyone else’s fault. I do hope you survive for your fans, but your club has been mismanaged now for nearly a decade.”
Also the board, which is made up of good people that will be genuinely devastated that on their watch and management the club is going through this.
Salford Community Stadium is also now operated by the City Council as of 13 December 2024 and they are hoping to discuss ways to help it drive revenue soon now the new year is well underway. It is also shared by fellow Super League side, Sale Sharks.
On the other hand, a subsidy grant from the Council was expected to arrive and assist with funding for the year ahead, but it was ultimately deemed to be unavailable back in November, adding yet further financial pressure.
The club go on to add that they “empathise and understand the frustration of our fans and are deeply sorry to reach this position” but for many the worry won’t subside until the takeover is complete.
It is believed that a total of three different bidders had come in to potentially buy the club by the end of last year, but the current consortium is now seemingly waiting for the current setup to remedy the present situation before pulling the trigger.
Put simply, it’s all a bit messy but the club have assured a light is at the end of the tunnel.