Man Utd bidders cleared for next stage of takeover

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Man Utd bidders cleared for next stage of takeover
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Man Utd bidders cleared for next stage of takeover FMTNews FMTBusiness

Neither of the two bids has reportedly met the £6 billion asking price of current owners, the Glazer family.

Sky Sports and The Telegraph said the bidders will now have the opportunity to conduct due diligence on the club by accessing detailed financial information.The Americans have been deeply unpopular with United fans since burdening the club with huge debts via a leveraged £790 million takeover in 2005.Victory over Newcastle in last weekend’s League Cup final was the English giants first trophy for six years and they last won the Premier League title a decade ago.

However, the Manchester United Supporters’ Trust has expressed concern over Qatar’s human rights record and the sporting integrity of owning both the Red Devils and French giants Paris Saint-Germain.

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