admin Manchester United are considering granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani according to Reuters, with the Sheikh having also registered a company in the UK.
Reuters reports that Manchester United are in talks to gain exclusive rights to a takeover bid by a Qatari consortium led by Sheikh Jassim bin Hamad Al-Thani.
The Glaser family, who have owned the club since 2005, will make the payment as part of the deal, according to reports.
Exclusivity has not yet been granted, but if it does, United will not be allowed to negotiate with any other party and the Qatari will pay one of the most expensive acquisitions in sports history for a final fee. Around £6 billion said to be the frontrunner to complete.
Reuters claims that Qatar is seen as the preferred option for the Glazer family and that the consortium is ahead of British billionaire Sir Jim Ratcliffe and his INEOS group.
Although markets remain volatile, United shares rose about 15% on the news.
The news comes after Sheikh’s company, Nine Two Holdings Limited, appears to have been approved by the British Companies House, with an address in Norwich Street, London near Chancery Lane. .
The company was incorporated in the UK on June 15, with Sheikh Jassim joining the board of directors along with Abdurrahman Al-Ansari.
The paperwork for this approval, which was sent to the Corporate House of Representatives a few months ago, shows that the Qatari have what it takes to move forward with a successful takeover.
On Thursday, former United defender Rio Ferdinand released a video claiming he had heard a Qatar takeover of the club was “hours” away.
“A takeover of Manchester United is imminent,” Ferdinand said on YouTube’s Five Channel.
“I hear Qatar’s offer is accepted, imminent and accepted. Hallelujah man. I can’t wait. Please let it be.
“Look how long this has been going on.
“I wake up every day hoping that the offer will be accepted. I hear it’s close.
“It will happen in a few days, unless in a few hours. Otherwise I don’t know how much money we will have to spend and United will have to catch up. So I
I am silent on whether this information is actually true.
