Concerns are growing among some parties involved in the Manchester United sale that the Glazers might have “played them for months” - and instead of selling the club they would prefer to either push up the price to create leverage for a loan, or offload a minority stake to a hedge fund.
The latest plot twist came on a day where parties were told that the deadline for the second round of bidding would now be 4pm UK time on Friday - having been pushed back from Wednesday night - and US hedge fund Elliott Management confirmed that it had made an offer for United, but only for a “small amount of common equity”.
