Man Utd takeover news: The Glazers are claimed to be cashing in after reports claiming Sheikh Jassim had made a breakthrough.
The Manchester United takeover saga will soon enter its 10th month as supporters remain in the dark over the club’s ownership. But a major hint over an upcoming sale decision may have leaked from the unlikeliest of sources, Cardiff City chairman Mehmet Dalman.
The Glazers declared in November 2022 that they were looking for alternative investment alternatives, including a possible sale.
The two main contenders vying for a takeover emerged as British businessman Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani, sparking widespread rumors.
Additionally, a number of US hedge funds are being considered, giving the Glazer family the opportunity to retain ownership with a small investment.
However, there have been few developments in recent weeks amid rumors that Joel and Avram Glazer, as well as their four siblings, had fallen out over a desire to profit from United.
Earlier this month, The Sun broke the radio blackout by revealing that Sheikh Jassim had made a breakthrough and that his Qatari side was making a last official offer to complete a deal.
Old Trafford reportedly has confidence that a transaction will close by November. Additionally, Cardiff chairman Dalman might know something that indicates the same.
Man Utd takeover: Mehmet Dalman may have dropped a hint.
In an interview with BBC Sport, Dalman discussed Bluebirds owner Vincent Tan’s commitment to the club while he remains open to new investment.
And after stating he had been meeting US funds looking to enter football, Dalman claimed that United were “going to announce” a sale worth over £7billion.
“I’ve been meeting a lot with US private equity funds and the valuation of football clubs is going through the roof. Americans are determined to come into this market quite heavily,” Dalman explained.
“I spoke to the owners of Leeds when we were there, and Championship clubs are valued at three times their revenue, give or take.
Man Utd takeover: Sheikh Jassim is in pole position
“Manchester United are going to announce their sale at £7.2bn-7.3bn, which is roughly 10 times their revenue.
“Two or three years ago, we might have been talking about selling Cardiff for about £20m or £30m, but now you’re going to have to look at £90m or £100m. Valuations [of Championship clubs] have all stretched.”
It’s unconfirmed whether the inspiration behind Dalman’s comments were facts he had heard behind the scenes rather than a presumption based on speculation.
But with just over a month until November arrives, the earlier Sun report suggests a significant update could be on the horizon.