Man Utd takeover: Sheikh Jassim submits final take it or leave it bid directly to Glazers and sets strict deadline

A Qatari group led by Sheikh Jassim bin Hamad Al-Thani has reportedly made a final offer to the Glazers for the purchase of Manchester United.

What happened?

The offer is Sheikh Yasim’s fifth such offer, the Daily Mail said, amid buy-or-exit warnings to United’s American owner since the acquisition process began in February. It was issued in The Qatari group has reportedly set a deadline for withholding the offer on Friday, during which no further negotiations will take place.

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Sheikh Jassim reportedly made a direct offer to the American bankers, the Glazer family and the Rain Group, to oversee this story. The move is an attempt to defeat a competing bid by British billionaire Sir Jim Ratcliffe, who was previously reported as the frontrunner. His offer, which reportedly allowed the Glazers to remain involved for a long period of time, was much to the hatred of United’s fan base.

And this is:

Qatar’s “take or leave” proposal is also an attempt to put an end to the prolongation of this takeover drama. United’s U.S. owners have come under increasing criticism for delaying the process, which was originally set for the end of April. The resulting uncertainty has affected not only Erik ten Haag’s transfer strategy, but also the club’s ability to retain key players on new deals.

What’s next for United?

So it remains to be seen whether the Glazers’ resolve will be tested enough to accept Qatar’s offer within the next 11 hours. If they reject the offer, which is said to be less than the £6 billion offered, or fail to react in time, that could be a sign they are actually leaning in Ratcliffe’s favor. , and will probably stay hidden behind the scenes for a long time. .