My opinion. The club wont be sold anytime soon. The Glazers missed their opportunity to sell.
When Chelsea sold in May 22, the US FED interest rate was close to 0.5%. Fast forward to November 22 the rate was close to 4%.
It is no wonder they didn't get the numbers of bids they expected because in Nov 22, it would cost any group (minus those paying cash) around 25% extra in loan payments, than it would have cost in May 22.
Rates are at a 12 year high today, with the FED effective rate is at 5.3%. That means an extra 35%+ more than it would in May 22.
In this high rate environment, it dramatically reduces the number of groups that could buy United at $6bil+. There is really only sovereign wealth funds now who could buy United. Or maybe a billionaire with a passion for the club, that can fund the purchase from his existing company that has 200bil in assets.
I would think that even Chelsea at a third of the price of United would struggle to find a buyer today.
Corporate M&A has dropped by over 35% in the last year to to a 10 year low....
https://www.reuters.com/markets/deals/global-dealmaking-sinks-lowest-level-over-decade-2023-03-31/
In my opinion, The Glazers are either playing a very high stakes game of poker in the hope that they can squeeze more out of one of the bidders. Or, they are going to keep taking their dividend, continue not to invest in the club and wait for market conditions to be in their favour.