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Manchester Evening News
Manchester Evening News
Sport
Matthew Abbott

Manchester United takeover latest: Sheikh Jassim wants 'marquee names' amid Glazers 'credit card' claim

While Manchester United matches may be coming thick and fast following the season's final international break, updates on the club's takeover process are few and far between.

Approaching a fortnight after the initial Wednesday, 22 March deadline for official offers to acquire United, extended to Friday, 24th, there has been little in the way of movement as those submitted proposals as the Raine Group overseeing the bidding process on behalf of the Glazer family evaluate what they have received.

Sheikh Jassim bin Hamad al-Thani, Sir Jim Ratcliffe and Thomas Zilliacus remain the three public-facing figures fronting majority takeover bids. Here are the latest takeover headlines:

READ MORE: Erik ten Hag pushing for United to be more ruthless in transfer window

Glazers 'company credit card'

The Glazer family will reportedly once again fund summer signings using the club's revolving credit facility should they still be majority owners once the transfer window reopens, The Athletic reports.

United have a line of credit with Bank of America Securities, an investment division of the same bank advising Sheikh Jassim and his Nine Two Foundation, which paid for the signings of Antony and Casemiro. The reports claim it is considered a company credit card with a £300 million limit.

Sheikh Jassim wants 'marquee names'

Sheikh Jassim bin Hamad al-Thani will reportedly want to be in the conversation regarding signing marquee players such as Jude Bellingham this summer should the Qatari banker become the club's new owner, CBS reporter Ben Jacobs claims.

The journalist has also reiterated, speaking to GIVEMESPORT, that the first team is just one side of the club he is keen on investing in, with Sheikh Jassim intent on injecting funds at all levels. His Nine Two Foundation submitted an official offer last month. It remains unclear what the next steps are in the takeover process.

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