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Man Utd owners the Glazers could ‘activate own members of the family and increase debt’ | Football | Sport

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Manchester United could reportedly find yourself with fewer Glazer members of the family in command of the club and more debt if a proposed takeover doesn’t undergo. The controversial United owners are supposedly asking for an eye-watering £6billion to sell the Premier League club. 

A soft deadline of 9pm on Wednesday evening was set for the second bids to be submitted. Nonetheless, Sir Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad Al Thani, the 2 most high-profile candidates, requested an extension for his or her offers. 

Neither bid is reportedly prone to meet the apparent valuation set by the Glazers. And it has raised concerns amongst fans that the family could remain on the club despite supporter-led protests against their control of the Red Devils. 

Should the Glazers remain in command of the Old Trafford outfit, among the family could supposedly resolve to part ways. It might reportedly leave the club in further debt, with it estimated that refurbishment of United’s facilities could cost a minimum of £1bn.

That’s in response to Sky Sports, who indicate that the Glazers don’t act as a single entity. Each member of the family thinks on their very own terms and there’ll naturally be disagreements over certain issues. 

An ‘insider’ has apparently told the broadcaster that there may very well be a situation where there are ‘fewer Glazers and more debt’ at Old Trafford. In the meanwhile, the six children of the late former owner Malcolm Glazer own United. The youngsters are Avram, Joel, Kevin, Bryan, Darcie and Edward. 

Meanwhile, the Ratcliffe and Qatari bids are set to go head-to-head for the possibility to purchase United. There are also believed to be other offers from groups offering to secure a minority stake within the Carabao Cup champions.

The Qatari bid is being led by Sheikh Jassim, the son of the previous prime minister of the Middle Eastern nation. In his first proposal, he offered to jot down off the club’s debt and invest heavily in each the lads’s and ladies’s teams, the club infrastructure, and wider community. 

Ratcliffe, meanwhile, promised to ‘put the Manchester back into Manchester’ in his opening offer. The main points and value of the second bids are currently unknown, although wide-ranging reports suggest they continue to be in need of the purported £6bn asking price. 

Each parties have insisted that they may not be forced to pay over the percentages for United. The report adds that the Red Devils’ market cap is closer to £3.5bn. 

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