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Glazers should expect unprecedented fan backlash if they reject Manchester United takeover bids

Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al-Thani both missed the soft deadline for improved takeover bids to be submitted earlier this week, which suggested the Manchester United sale process was becoming a tad farcical.

Both requested extensions and The Raine Group, which is overseeing the process on behalf of the Glazers, unsurprisingly agreed to that. The 'soft deadlines' are merely there to move the takeover process along to the next step.

Ratcliffe submitted his bid on Thursday, one day after the Wednesday soft deadline, but Sheikh Jassim still hadn't submitted his. Around 48 hours of confusion followed, but the second Qatari-led bid was finally acknowledged on Saturday.

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The takeover process has become quite the pantomime and when the curtains close, it's possible it could end in tears. Avram Glazer and Joel Glazer are reluctant sellers of the club and a rejection of the big players would not be a complete shock.

The Qataris want 100 per cent of the club and Ratcliffe wants to buy the combined Glazer shareholding of around 69 per cent, but the American family also have the option of selling a minority stake, with equity firms smelling blood in the water.

A sale of a minority stake, especially to an equity firm that could provide short-term funds, would appear to suit the Glazers, as they would still control their most valued asset, however, it would be a nightmare scenario for supporters.

It would be a disaster, as not only would it waste the opportunity for genuine change with Sheikh Jassim and Ratcliffe at the table, but it could potentially mean welcoming an equity firm, which solely exists to make a profit.

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Read more on manchestereveningnews.co.uk