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Zilliacus withdraws Man Utd bid and calls third round of bidding a ‘farce’.
Finnish entrepreneur Thomas Zilliacus has pulled out of the running to buy Manchester United, citing frustration with the Glazer family’s decision to go to a third round of bidding as a “farce”. He criticized the current owners for showing “no respect” to the club and claimed that the delays would make it difficult for any new owner to build a winning team for the upcoming season. Zilliacus was part of a group of potential buyers, including Sheikh Jassim and Sir Jim Ratcliffe, who had submitted second bids for the football club. However, he has now chosen not to participate in what he views as a ploy to maximize profit at the expense of Manchester United.
Entrepreneur and founder of social media organisation novaM Group, Zilliacus, has made a bid to buy half of Manchester United through XXI Century Capital, a company owned by his holding group. Having previous experience with renowned sports teams such as HJK Helsinki and ice hockey champions Jokerit in his homeland, Zilliacus has the drive and knowledge to lead the Red Devils to success. He has also expressed his desire for fans to be involved in the decision-making process, proposing that the other half of the club be bought by its dedicated supporters. It is an ambitious approach to one of the world’s most iconic football clubs, and one that has fans eagerly anticipating the outcome of Zilliacus’ bid.
A possible change of ownership could be on the horizon for Manchester United, as the Glazer family has established a valuation of £5bn-6bn for the Red Devils. The family, who bought the football club in 2005 for £790m, announced they were considering selling back in November. Potential purchasers have now been called upon to enter a third round of bidding, meaning the process is unlikely to be completed by the end of the season. Sheikh Jassim and Ratcliffe are two of the interested parties, with the former expected to submit a bid to buy 100% of the club. It remains to be seen whether Manchester United will change hands, but for now, the speculation continues.
