Manchester United's takeover rumbles with three parties continuing to battle it out for ownership of the Reds.
United supporters were given a fresh insight as to what Sir Jim Ratcliffe will bring to the club by former midfielder Morgan Schneiderlin. Meanwhile, the Premier League announced changes to the owners and directors test which could be important when a buyer is chosen to takeover. Keep across everything that happened in terms of the takeover, below.
ALSO READ: Plans United are considering for Old Trafford
Schneiderlin provides insight on Ratcliffe
Former Manchester United player Morgan Schneiderlin, who played at Nice under Sir Jim Ratcliffe's ownership, said the prospective Old Trafford owner is 'so nice and good' as the British billionaire aims to become the Reds' new owner.
Ratcliffe and Ineos submitted a revised bid for United last week after they were granted an extension beyond the initial deadline. It came after the 70-year-old tabled a first offer thought to be in the region of £4billion. It is widely reported that the Glazer family would want a record £6bn for the club if they decide to sell, with Ratcliffe competing with Qatari banker Sheikh Jassim Bin Hamad Al Thani and other interested parties.
Read more from Schneiderlin here.
Premier League announces changes to owners and directors test
Premier League owners face disqualification for human rights abuses under changes to the Owners' and Directors' Test (OADT). The Premier League announced clubs had "unanimously approved" the proposed changes at a shareholders' meeting on Thursday. Among the disqualifying events added are individuals and companies subject to government sanctions and human rights abuses based on the Global Human Rights Sanctions Regulations of 2020.
Read more on the changes here.
Why United's net debt has risen
Manchester United posted a 22 per cent increase in commercial revenues in their latest financial results, but saw income from matchday revenues and broadcasting deals fall. The results cover the three-month period to December 31, 2022, and are affected by the break in the season for the World Cup and the fact United failed to qualify for the Champions League this season. During that three-month period, the club posted a net profit of £6.3m but revenue compared to the previous year fell by 10 per cent, to £167.3m. That is impacted by the failure to qualify for the Champions League.
Read more on the latest financial results here.
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