Sһeіkһ Jаѕѕім маn Utd tаkeoʋer ‘ʋerу cloѕe’ аѕ ᴜрdаte cаѕtѕ doᴜЬt on ѕіr Jім Rаtclіffe Ьіd
admin
2 min read
Manchester United are reportedly set to be freed of the Glazers as Sheikh Jassim is ‘very close’ to completing the takeover ahead of ‘not serious’ Sir Jim Ratcliffe
Manchester United ‘very close’ takeover saga ends with news Rumor has it that Sheikh Jassim Bin Hamad Al Thani is preparing to buy the club.
A year after the Glazers put United on the market, a breakthrough appears to be near just months after months of deadlocked negotiations. The Glazer family announced a strategic review last November to explore investment opportunities, including the possibility of selling the club.
United fans have been vocal about the Glazers’ ownership for decades, even before the American family took control of the club in 2005, when Malcolm Glazer became the majority shareholder. And it looks like the tumultuous years under their ownership and the months of speculation over the sale of the club could be coming to an end.
Qatari Sheikh Jassim and INEOS director Sir Jim Ratcliffe have emerged as the two leading candidates to buy the club, while a minority investment has also been considered by the Glazer family. Sheikh Jassim wants to own 100% of the club and has pledged to clear the club’s growing debt and invest in every area of the club, including its woefully outdated training center. Shame at Old Trafford and Carrington.
While Ratcliffe’s proposed deal appears to be a gradual takeover, it appears to meet the Glazers’ demands after co-chairmen Joel and Avram Glazer feared quitting the club despite was tasked by US bank Raine Group with arranging the sale.
According to Qatari media outlet Alkass TV Sport, Cheikh Jassim is “very close” to completing his takeover of the club. It was also said that Ratcliffe would not take over the club “because he wasn’t serious in the first place”.
In light of the current circumstances, I do not want to talk about sports, but I can assure you that Sir Ratcliffe will not take over Manchester United (because he was not serious in the first place) and the Qatari takeover is very close, after the stubbornness of the Glaizers… pic.twitter.com/WXwEuQzQ5h
— محمد الكعبي (@Qatari) October 10, 2023
The delay in the process has so far been attributed to the “stubbornness” of the Glazers, after the Qataris had previously submitted more than three bids for United, of which one was successful. The Glazers’ previous request was £6 billion, which was later increased to £6 billion. 10 billion.
No date for the transaction has been set and as the NDA has been signed by the club’s bidders, little confirmed information about the acquisition has been released.
