Manchester United takeover latest as Glazers' debt 'passes £1bn for first time'

Manchester United fans are at the end of their tether as they wait on news regarding the takeover process.

The Reds' American owners announced in November they had launched a 'strategic review'. At the time, all options for the future of United remained on the table, including a full sale.

Two bidders moved to the forefront of the process: Sheikh Jassim bin Hamad Al-Thani and Sir Jim Ratcliffe. However, we are still no closer to knowing which offer is the most likely to be accepted.

In our look at the latest headlines, it appears the walls are starting to close in on the Glazers with fan opinion at an all-time low.

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An investigation by the Daily Mail's 'In the Money' team has discovered the debt being accrued by the Glazers has grown again through the course of this year. The club's third quarter reports show the debt at the club has risen from £969m to £1.005bn.

This is believed to be due to gross debt, bank borrowings and outstanding transfer fees. On transfer fees, they have grown to £279.8m and could well grow further as these figures do not take into account United's 2023 summer business.

In a statement seen by the Daily Mail, Manchester United Supporters Trust (MUST) have warned the owners unrest will only grow the longer the saga takes or if they choose to remain in charge of the club. They state: "[United] make a clear public statement about the status of the process and the intentions of the owners.

"And if they are intending to remain as owners they must be made aware of the negative reaction that news is going to create and the continued chaos and disruption that their ownership will continue to elicit."

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