Man United Takeover: Delegates of the Qatari bidder, Sheikh Jassim Bin Hamad Al Thani very recently visited Old Trafford. The visit included tours of the stadium, and training ground, and financial presentations that were made beforehand. The entire thing lasted 10 hours with positive talks. The Sheikh now has 10 days to make his second bid which then will be considered by the Raine Group. Follow Premier League LIVE Updates on InsideSport.IN.
Man United Takeover: Sheikh Jassim to make second bid in 10 days, Qatari owners hold positive talks for 10 hours with Manchester United officials – Check out
The delegates that visited Old Trafford were Sheikh Jassim’s senior personal advisor Fady Bakhos and the Nine Two Foundation which was formed by the Sheikh to take control of Manchester United. Bank of America’s telecom, media, and technology global head Sam Powers and the managing director of the company that’s handling the bid from the Sheikh’s side Yasir Shah.
Neither the Sheikh nor the Glazers nor Erik Ten Hag was present for this presentation tour. The senior members of the Raine Group took the delegates around the club. Some of Man United’s business departments presented Powerpoint presentations to the delegates. Additionally, United’s recruitment process and commercial and financial approach were also shown to the delegates.
Man United Takeover: Sheikh Jassim to make second bid in 10 days, Qatari owners hold positive talks for 10 hours with Manchester United officials – Check out
They were presented with a thorough tour of both Old Trafford and the training complex, both of which need significant investments. The meeting went on for 10 hours and concluded at around 7:20 PM. According to reports, the talks were quite positive and comprehensive.
Now the Sheikh will have 10 days to make his second bid. However, it’s unsure if the Raine Group will then choose a bid from the ones or if they will keep seeking further offers from other prospective buyers.
🚨 Sheikh Jassim Al-Thani’s representatives meet have met Manchester United officials at Old Trafford ahead of potential takeover.
(🌕 – Various Sources) pic.twitter.com/2Yb6jlXGRn
— Transfer Core ⚽️ (@TransferCore_) March 16, 2023
Man United Takeover: Sheikh Jassim to make second bid in 10 days, Qatari owners hold positive talks for 10 hours with Manchester United officials – Check out
The Sheikh’s rival bidder, Jim Ratcliffe will be visiting Old Trafford on Friday. Others who will be joining his entourage are his fellow Ineos owners John Reece and Andy Currie, British Cycling coach Sir Dave Brailsford, Ineos chief executive Rob Nevin, and Jean Claude Blanc. Two other groups have been reported to provide bids for the club’s control along with some partial investment offers.
The Ineos Group want to buy the majority stake that the Glazers hold. Whereas, Sheikh Jassim Bin Hamad Al Thani is looking to buy 100% of the club. The Sheikh has even agreed to pay off the Glazers’ historic debt as their leveraged buyout. However, so far, bids from both parties have fallen behind £1.5 billion on their bids as the highest bid has reached £4.5 billion. Whereas, the Glazers have demanded £6 billion.
