Now let's look at this through a different lens via Chelsea: no one was being reported to buy Chelsea until Abramovich had to put it up for sale. Suddenly, you got 4 different consortiums putting bids together, 3 different entities declaring their intention without putting up a big, and then Ratcliffe coming in late with a large bid. Where were all of those interested parties before? Were they really not interested in buying Chelsea until Abramovich put it up for sale?
Same with Newcastle United: were the Saudis really not interested in buying them all the way until Ashley put them up for sale? Unless a club's ownership can be acquired via shares, we won't see people putting together bids to purchase a club unless the owner puts it up for sale. In United's case, only a minority of the shares have been sold; the Glazers still hold a majority of them and aren't willing to put them up for sale at this time. No matter what kind of offer Ratcliffe can put up, if the Glazers don't want to sell their shares, then he can't buy them.