The takeover of Manchester United will be delayed until May, according to British media, in order for the Glazers to secure their £6 billion worth.
Malcom Glazer bought Manchester United in 2005, when he shelled out around £790m to control the club. Since then, however, his period in charge has been marked by controversy and much criticism from fans.
The most recent episode involved Cristiano Ronaldo terminating his contract after criticising the owners in an interview.
A number of offers have been made to the Old Trafford team in the past two weeks, most notably two billionaires Sheikh Jassim bin Hamad al-Thani and Sir Jim Ratcliffe, both offering a maximum bid of £4, 5 billion.
The club’s current owners announced that they would initiate a process to explore strategic alternatives to increase growth.
“We will evaluate all options to ensure that we best serve our fans and that Manchester United maximises the growth opportunities for the club today and in the future,” current Manchester United presidents Avram Glazer said.
“Manchester United, one of the most successful and historic clubs in the world, announces that the Board is beginning a process to explore strategic alternatives for the club.” he added.
The Red Devils are planning to make two big transfers over the summer, but have to pre-sell some players.
United head coach Erik ten Hag looks set to continue to spend big ahead of the 2023-24 season following the expensive signings of Antony, Casemiro and Lisandro Martinez last summer.
According to the Manchester Evening News, the Red Devils’ wish lists for the upcoming transfer window are Harry Kane and Victor Osimhen.
United are also third in the Premier League, they beat Barcelona last week to progress to the last 16 of the Europa League and were facing West Ham in the fifth round of the FA Cup on Wednesday.