Josh Harris and David Blitzer have emerged within the running to take a position in Manchester United, which could see the Glazer family remain on the club. The American duo are considering joining Sir Jim Ratcliffe within the takeover frame, potentially opening the door for a nightmare scenario for United fans.
Ratcliffe and his business INEOS, the world’s fourth-largest chemical company, got here forward as the primary public suitors earlier this week.
And other prospective bidders are expected to affix them in the approaching weeks, with the Raine group setting a mid-February deadline with the view of completing a deal by the tip of the season.
Harris and Blitzer could possibly be certainly one of the following to officially enter the image, but not with a full-scale takeover in mind.
Based on the Mail, Harris Blitzer Sports and Entertainment are exploring a minority stake in United, allowing the Glazers to retain a controlling share at Old Trafford.
It’s claimed a full-scale takeover is not a certainty, despite the controversial owners suggesting they were open to walking away from the club after 18 years on the helm.
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The report adds that acquisition experts consider United can be valued or sold at around £7billion, making it the most important sale in football history.
However the Glazers are ‘unclear’ whether to relinquish control of certainly one of the world’s biggest sporting outfits as supporters anxiously await updates.
Such a fee could deter Ratcliffe, who dropped out of the running for Chelsea after hesitation over the £4.25bn that the Raine group demanded.
Harris Blitzer Sports and Entertainment were also unsuccessful in buying Chelsea as Todd Boehly successfully took over the reins from Roman Abramovich.
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Given Harris and Blitzer are each 18 per cent shareholders in Premier League rivals Crystal Palace, they’d need to money in in the event that they were to purchase shares in United.
But when the £7bn valuation is simply too high a price for all parties involved within the running, they’ll smell the chance for a minority stake.
After almost 20 years of mismanagement from the highest in M16, temporarily soothed by Sir Alex Ferguson’s brilliance, United fans are desperate for a clean slate under latest leaders.
It’s going to make Harris Blitzer Sports and Entertainment’s interest, and the others eyeing a minority share, a worrying prospect as the method ramps up over the following month.
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