The Glazer family believe they can secure the outside investment they have been searching for and retain ownership of Manchester United, according to ESPN.
Joel and Avram Glazer have been considering staying on as the club’s owners despite entertaining bids for the club.
Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani have already made two bids in the region of £5 billion.
Man United invited them to make a third round of bids as they seek a figure close to £6bn, eclipsing the record sum paid for a sports team.
Amidst all this, Elliott Investment Management made a bid that would see them become minority partners.
Ares Management Corporation, Sixth Street Partners and The Carlyle Group also want to secure a minority stake in United.
Their bids would allow the Glazers to stay in charge of the club they have owned since 2005. The Glazers are leaning toward this option.
It remains unclear if Elliott and other minority investors made it to the last round of bids. But the Glazer family are confident they can secure the investment they need without selling all of their shares.
Directors Kevin, Bryan and Edward Glazer and Darcie Glazer Kassewitz are ready to sell their stakes in the club.
Joel and Avram Glazer believe that growth in broadcast revenue, streaming opportunities and a possible restructuring of the club game will lead Man Utd to double in value down the line.
Many people within the Man United hierarchy believe the club can become more valuable with the required investment.
They expect this organic growth to make Manchester United worth over £10 billion.
Ratcliffe and Al Thani began to suspect that United preferred a minority investor in February.
It remains unclear what Man United will do with the third round of offers they have asked bidders to make.
One of them could still make a bid that may convince the Glazers to sell all their shares.
Source: Football Today