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Finnish businessman Thomas Zilliacus has dropped out of the bidding for Manchester United, saying delays in the sale process will make it difficult for a new owner to build a winning team.
LONDON: Rival bidders for Manchester United have been invited to submit a third offer by the end of April, according to reports.
Thomas Zilliacus has seemingly withdrawn from the Manchester United takeover process, labelling the Glazers' decision to open a third round of bidding a 'farce'.
Rival bidders for Manchester United have been invited to submit a third offer by the end of April, according to reports. Qatari banker Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani and British billionaire Jim Ratcliffe both submitted a second bid for the Premier League club last month. Several offers are understood to have been received in recent weeks but Sheikh Jassim and Ratcliffe remain the front runners to buy United should the Glazers give up control of the club they bought in 2005 for 790 million pounds ($980 million).
Prospective new owners of Manchester United will enter a third round of bidding at the end of this month as the Raine Group call for final offers.
The Manchester United takeover process is now expected to proceed following the Easter weekend.
Manchester United will accept a third round of bids from prospective buyers at the end of the month as the Premier League club's owners explore a sale, sports industry news site Sportico reported on Tuesday.
Manchester United are gearing-up to resume their Europa League charge against Sevilla in the quarter-finals on Thursday night (8pm), but Erik ten Hag is not without concerns for that first leg.