The future of Manchester United remains unclear as the Glazers continue to stall on a public announcement about their preferred takeover bidder. Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe await the decision from the Raine Group, but things haven't been silent around the process.
Thanks for joining us to follow the latest news and updates regarding United's takeover process.
We'll be back tomorrow for more of the same, when we could be closer to an official announcement from the Red Devils to inform fans of their preferred bidder.
United have played down reports that AC Milan defender Theo Hernandez could be targeted for a move to Old Trafford this summer, according to Fabrizio Romano.
The Red Devils are said to be looking at other targets in their efforts to strengthen their ranks over the coming weeks, while AC Milan would be hugely reluctant to sell Hernandez in any case.
Manchester United deny concrete talks or contacts for Theo Hern\u00e1ndez. There are no negotiations at this stage and for sure AC Milan would never consider to sell for \u20ac60m reported fee. \ud83c\uddeb\ud83c\uddf7 #MUFC
Theo, very happy in Milano \u2014 while Man Utd have different priorities on the market. pic.twitter.com/edpYPTEhku
\u2014 Fabrizio Romano (@FabrizioRomano) June 17, 2023
Takeover negotiations are still ongoing with 'multiple parties' behind closed doors at Old Trafford, according to BBC Sport.
It has been widely claimed that the Red Devils are negotiating exclusivity with Sheikh Jassim, who is considered to be the frontrunner as things stand.
However, the report suggests that exclusivity has not yet been granted and that discussions are still continuing with several interested parties.
United fans should not be too concerned about the lack of concrete news regarding the takeover process, according to Ben Jacobs, who believes that movement is almost certainly taking place behind closed doors.
Jacobs told FootballFanCast: "Just because it's quiet and there may not be any public clarity doesn't mean things aren't moving behind the scenes.
"I was told that it was unlikely we would get any public clarity before the transfer window opened over the course of last weekend and that's proven to be the case.
"Although Manchester United fans are frustrated, the process is moving."
Good news for those Manchester United fans who want to see the back of the Glazers in the coming months...
According to CBS Sports, parties involved in the takeover process looking for minority investment have grown less confident of success.
A cluster of US hedge funds are involved in the sale running as a means to allow the Glazer family to remain in control at Old Trafford.
But journalist Ben Jacobs has explained there is a hint of pessimism about their chances.
He told Football Fan Cast: "My understanding is that the minority investors are largely just waiting at this point. They now have a lower confidence that option will be one that the Glazers take.
"It looks like the focus is now on the two main groups, INEOS and the Nine Two Foundation.
"Of course, no sale can ever be ruled out, but I wouldn't want to go in and paint to Manchester United fans that that is a likely scenario."
Man Utd takeover LIVE: Minority investments aren't hopeful. (Image: GETTY)
There has been a great lack of frustration among fans, club staff and the bidders during the Manchester United takeover process.
The Glazers' silence across their unpopular 18-year tenure as United owners and throughout the sale saga has been explained.
The Financial Times has revealed the family's philosophy to avoid and refuse interviews at every opportunity.
"They have a family philosophy: nobody does interviews," a source who had worked with the family said.
"If one of you gets the attention, no matter what, you start to feel it. That's why they don't talk to the media. It's all about protecting the family."
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