The Glazers' hopes for a £6bn bid are unlikely to materialise but bidders will soon send in advisers to determine how much they should really pay for a historic takeover of Manchester United
Sir Jim Ratcliffe’s interest in buying the club through his Ineos group hasn’t waned either but those familiar with the process believe this is the time for all parties to get realistic about the value of the club and whether there is room to move on their initial offers.
If they do – and decide to draw on the external funding provided by Elliott Investment Management, who have also reached the second phase of the process – they are certain to face a fresh wave of protests. Thick skins would be required and the smart move, according to those familiar with football business, would be to accept offers over £4.5bn.
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