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Man Utd’s five bidders ordered to submit one-paragraph takeover offer with three details ahead of Friday deadline

POTENTIAL new owners of Manchester United have been ordered to submit one-paragraph offers summarising their bids before the end of next week.

The Glazers – who have been the subject of multiple fan protests – are keen to sell up shop after nearly 18 years of owning the Premier League giants.

AP
The Glazer family are looking to sell Manchester United as soon as possible

AFP
The Glazers have demanded offers be tabled in a one-paragraph offer by next Friday

It’s claimed that there are five “serious” bidders for the Red Devils – including a group of Qatari investors and Britain’s richest man, Sir Jim Ratcliffe.

But suitors have been told they have to submit a brief offer for the club before the end of play on Friday.

That’s according to , who claim the Glazers have set the soft deadline in order to speed things up.

They are said to want prospective buyers to summarise their bid and the percentage of the club they wish to buy in a one-paragraph offer.

It’s also claimed they will require proof of funds to be attached to show they mean business.

American merchant bank Raine is overseeing the process and will handle the offers that come in.

The club are also expecting to receive multiple investment offers in addition to full takeover bids.

Once Raine has received the offers, they will whittle them down to ” two or three serious contenders.”

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The Glazers are understood to want a whopping £6BILLION to part company with United.

The Mail claims the group of private Qatari investors are moving quickly to table their bid for the club, which they believe will be the “strongest” offer.

Sir Ratcliffe is the only person to have gone public with his interest in buying United.

The 70-year-old is said to have financial backing from powerhouse investment banks Goldman Sachs and JP Morgan.

United will be back in action on Sunday afternoon, travelling to Elland Road to take on Leeds.

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