'No chance' of Manchester United sale being completed by end of 2022, process could take months
Manchester United released a statement this week announcing an intention to explore a potential sale of the club.
United have appointed The Raine Group to oversee the process, these are the same financial advisors who facilitated the sale of Chelsea earlier this year.
A report from The Telegraph claims United owners the Glazers have been exploring a potential sale since the summer.
But don’t expect this process to be hurried through. The current owners want to secure the best price, and fans want to see the right custodians replace them.
When will Manchester United be sold
Sky News editor Mark Kleinman has given a clear response on whether a sale will be completed in time for when the Premier League resumes at the end of December.
This won’t be happening. Kleinman responded: “No chance whatsoever.”
He added that it could take until the end of the 2022/23 season for the sale to be completed.
Kleinman said: “I would expect the club’s strategic review to run for at least a couple of months, and detailed talks with buyers to get under way sometime in the new year.
“If a full sale does take place, completion of a deal by the end of the current season is a more realistic timetable – and that would be without any financing or regulatory obstacles.”
Patience and protests
Manchester United have waited 17 years for the Glazers to sell up. It will stretch into the 18th year by time the sale is finally done.
A little extra wait, with light at the end of the tunnel, won’t hurt, but this is not the time for supporters to get complacent.
Anti-Glazer protests are expected to continue, this isn’t the time to take the foot off the gas.
Attention will also turn to scrutinise potential owners, and we will learn more about expected bidders in the weeks to come.
Getting the sale done by the end of the season is important, and this will allow the new owners to enter the transfer market, potentially with plenty of funds to spend.