We can only speculate but by currents thoughts are this -
- As reported as far back as last year, the Glazers may already have a buyer/financing lined up for united, original reports were that this would most likely be an American consortium.
- Raine Group are being used for the sale who only progressed US based bids for Chelsea.
- Raine Group did not want news of bids from JR Qatar to be made public - why? because fans may unanimously throw their weight behind one of the bids and reduce the Glazers bargaining position. There are two other significant bids that are private.
- The Glazers only concern is money - that is getting the most they can now and balancing this with not losing out in case the clubs value sky-rockets in the next 5-10 years.
- There is now talk of the glazers wanting to retain a decent sized stake, if retaining not control (say 30% as an example).
Balancing the Glazers only two interests, above, and knowing that they can't increase the value of the club themselves with the necessary investment etc. I suspect that there is a US based consortium who have been lined up, who are willing to put in the $5-6bn to buy a majority stake and upgrade OT and facilities etc, all with a view to increasing the clubs value over the next 5-10 years. This will in turn increase the value of the Glazers remaining stake, so that the club can be sold for a much larger profit ($10-12bn perhaps) in future - a relatively short term investment that generates a huge profit for all involved.
I essentially think that the public process that is being followed may be a forgone conclusion with the likeliest scenario being US based consortium ownership and the Glazers milking their remaining stake in the coming years. We might end up with several parasitic US billionaires trying to flip a quick profit on the club.