As you can see, the takeover is already in play from the very beginning of a new save.
Fingers crossed you get a tycoon come your way!
See file attached.
Tested this twice, both times take over happened around September/October time.
Both times it was Josep Maria Bartomeu who took over the club. Neither time was the debt paid off, as no new investment offered for transfers etc, as per the image below. It does look as though there is a small increase to end of season expected transfer budget, but I'm still going through an end of season "holiday period" to see how things work out. (Edit: they gave £85m end of season 1, with a 6th in EPL finish)
MUFC Force Takeover Glazers Out.fmf