A new bidder has offered to buy a minority stake in Manchester United - which would allow the Glazers to remain at the helm. The Red Devils' highly unpopular American owners could yet stay put, despite welcoming offers from interested parties since November. Bids were received from Sir Jim Ratcliffe, Britain's richest man, and Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, earlier this month. They're set to hear back from the Raine Group, the bank handling the potential sale, later this week. But Luxembourg-based hedge fund Genevra Associates have now offered investment to help back the Glazer family. According to AP News, they have expressed an interest in purchasing a minority stake. They have certain conditions they'd want met, though, including being able to work with the current majority owners.
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And they want to establish a system for global fans to hold an ownership stake in the club too. Shah Farsi, founding partner of the company, said: “We understand that United fans have been rightfully frustrated over the last several years. "Our aim is to act as the force of reformation that harmonizes the interests of the owners and the fans and push for some much-needed transformation at the club."
