Elliott ruthlessness is legendary. They were one of the very few to go toe to toe against an entire nation and win. Elliott's aggressiveness is at par to their brilliance in making money. Which is why talks of asset stripping United doesn't make sense at all. Manchester United is basically a brand name. Its name is worth far more then its assets. Strategies such as selling OT or not investing on the squad would hurt that big time. Which is why they did their very best at AC Milan to build a stadium something they failed in because no one, not even Elliott, can beat Italian bureaucracy
I'd expect that the Elliott's time with United will be divided in three Phases
Phase 1 - they will wrestle control over Manchester United. Elliott are obsessed with a lean and effective style of management. There's no way that Elliott will invest huge amounts of money in the club without having in place a well structured system in place which would see them making huge profits at a short period of time. Which of course is the exact opposite of what the Glazers are. Thus I believe that they will only invest money in the club if
a- the Glazers agree to a plan which will see them leave the club in 1-2 years time (ie by selling to Elliott)
b- the Glazers would relinquish control over Manchester United and would agree to invest as much money into the club as Elliott do.
Both agreements will be buried with so much small print that the Glazers will end up regretting such deal.
Phase 2 - maximising United's potential as quickly as possible but in a sustainable way. That would probably be achieved
a- sacking the people on top and bringing people who are in line to their mentality. At Milan they brought Gazidis, Maldini and Massara. Gazidis has ample experience in managing a club on a budget having managed Arsenal at a time when they building their stadium. Massara is a seasoned sporting director having worked his way from Palermo to Roma and then Milan. While Maldini's experience with Milan is unique. He's a second generation legend at the club (the Maldinis had involved since the 50s) with his son also playing with AC Milan. On top of that he was turned into a bit of an outcast by the Berlusconi admin as he was no yes man. Someone like him know exactly what is going on in AC Milan youth academy (ie one of the finest in Italy) something the other two do not. All of them has one thing in common. They believe in a club that is sustainable and they can make each euro count. If Elliott join us then I can see them bringing Gazidis in as CEO, Overmars/Rangnick/Mitchell as DOF and a possible return of Nicky Butt as technical director
b- get rid of high earners who are not delivering the goods. That means Sancho, Maguire, DDG and Martial would go with the likes of VDB and Fred following suit
c- United will invest heavily on kids. ETH will be expected to promote the likes of Pellistri and Diallo, Greenwood would return in the squad and they will buy a number of players who have a high ROI
d- they will invest in the stadium.
e- they will back a European super league
Phase 3 - selling the club
Once the club finances are in order and United's path to success is paved then I see Elliott trying to sell United. They will be less desperate to sell then the Glazers are and they might even entertain a structured fee (ex fee + majority stake in Newcastle/PSG) which in turn would free Saudi/Qatar to buy United.