As speculation over the sale of Manchester United continues to increase, it has been reported by Sky’s Kaveh Solhekol that Elliot Management has made it through to the second stage of the sale process.
The news will likely increase nervousness from Manchester United fans, who are desperate to see the departure of the Glazer family and the club’s current governance. It also comes off the back of news that Qatar-based investor Sheikh Jassim bin Hamad Al-Thani underlined he would not overpay for the club, which is reportedly being valued at £6bn by its current ownership.
Messaging has however, been mixed from Qatar, with other reports emphasising how eager he is to take ownership of Old Trafford and return the club to its former glory.
According to Solhekol, the US-based hedged fund company isn’t seeking to buy the club outright and would support other bidders in the process, with Jim Ratcliffe’s initial bid also reportedly falling short of the evaluation of the Glazer family.
Nonetheless, as Erik Ten Hag’s reds have returned to form and look likely to head back into Europe’s top competition next season, there have been reports of reluctance from the Glazer family to part with the club – particularly if bidders do not meet their asking price.
Furthermore, Avram Glazer was in attendance at Wembley last month as United captured their first piece of silverware in six years – defeating Newcastle to win the League Cup.
Elliot Management has also previously been linked with supporting the club’s ownership in providing stadium developments, which have long been called for by the supporter’s trust, with Old Trafford falling behind in terms of modern stadiums.