Thomas Zilliacus confirms he has pulled out of the Manchester United bidding process – Man United News And Transfer News

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Finnish entrepreneur Thomas Zilliacus has confirmed that he is no longer going forward with his bid to complete a takeover of Manchester United.

This is after the Glazers set the stage for an extra round of bids in an attempt to push prospective buyers to raise their offers for the club.

The Peoples Person reported that bidders have been informed they have until the end of this month to table their revised and final proposals in what is expected to be the final round before a preferred suitor is selected.

The decision to hold an extra round of bids has not gone down well with United supporters who feel that the imminent takeover may jeopardise United’s transfer plans.

It is clear that the summer transfer window will be a crucial one with several key positions requiring to be addressed immediately ahead of the new season.

However, the lack of clarity regarding the ownership situation has left Ten Hag’s plans up in smoke.

If Zilliacus’s public statement is anything to go by, suitors for the club are also not too happy at the fact that they have to bid again.

Zilliacus tweeted, “I have declined participation in a third bidding round for United. The bidding is turning into a farce, with Glazers giving no respect to the club.”

“The delays will make it very difficult for any new owner to build a winning team for next season.”

I have declined participation in a third bidding round for United. The bidding is turning into a farce, with Glazers giving no respect to the club. The delays will make it very difficult for any new owner to build a winning team for next season.

— Thomas Zilliacus (@TZilliacus) April 12, 2023

“Jim Ratcliffe, Sheikh Jassim and myself all were ready to negotiate a deal to buy United. Instead, Glazers chose to start a new round.”

“I will not participate in a farce set up to maximize the profit for the sellers at the expense of Manchester United.”

Jim Ratcliffe, sheik Jassim and myself all were ready to negotiate a deal to buy United. Instead Glazers chose to start a new round. I will not participate in a farce set up to maximize the profit for the sellers at the expense of Manchester United.

— Thomas Zilliacus (@TZilliacus) April 12, 2023

Sheikh Jassim and Ratcliffe both made it to the next round and are expected to participate in the next phase of the process. A full takeover is still the most likely outcome.