Manchester United great Gary Neville has launched a stinging attack on the Old Trafford takeover process amid fresh developments.
The Glazer family first put the club up for sale last November but, five months on, there has been no sale. Sir Jim Ratcliffe's INEOS and Sheikh Jassim's Nine Two Foundation have both tabled two bids to buy United.
The offers are being overseen by American bank Raine Group, on behalf of the Glazer family. There are reports that other bidders are in the frame but Mail Online says a third round of bidding will now take place. That has attracted fierce criticism from Neville, who took to social media to slam the process.
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The Glazers asking price is still understood to stand as high as £6billion, with bids to date believed to be around the £5bn mark. The prospect of another series of bids means a swift resolution is unlikely as we approach the end of the season and start of the summer transfer window.
Neville, writing on Twitter, said: "They’re making it up as they go along! Shoddy way to run a sale process. They need to get out by end of May to allow the new owner a fighting chance to impact the next transfer window and get moving!
"Taking it to a 3rd round is just classless. The market has obviously not given them the answer they want! It’s like they’ve made a pact to each other that they won’t go for less than £1bn each family member (5 of them). If they stay in after all this it will be toxic!"
The Glazers could yet remain in control should an interested group acquire a partial stake in United. That would then provide the finance needed to redevelop Old Trafford and the club's Carrington training ground.
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