Manchester United Takeover: Qatari businessman Sheikh Jassim has reportedly submitted a final offer to outbid Sir Jim Ratcliffe in the purchase of Manchester United from the Glazer family. Follow all Premier League Live Updates with InsideSport.IN
This comes at a crucial moment as negotiations come to a close. Alongside Jassim, Sir Jim Ratcliffe from INEOS has also been vying for the opportunity to acquire the iconic English football club.
Sheikh Jassim vs Sir Jim Ratcliffe
Recent reports have indicated that Sir Jim Ratcliffe is emerging as the frontrunner in the race to become the majority stakeholder of the club.
Unlike Jassim, Ratcliffe has expressed his willingness to retain the Glazer family’s involvement in the club. It is said that Ratcliffe has offered the current owners a chance to maintain a 20% stake in the club should the deal go through.
Manchester United Takeover: Sheikh Jassim’s New Bid
According to journalist Ben Jacobs, it has been confirmed that Sheikh Jassim will have to raise his offer if he intends to outbid Ratcliffe in the competition for Manchester United.
‘Sheikh Jassim, via intermediaries, is expected to hold further talks this week, described by sources as in-depth. There is no guarantee his offer will be raised, but the feeling is it will need to be in order to stand a chance of succeeding,’ Jacobs wrote for Caught Offside.
‘Reports a bid has already been improved to £6bn are wide of the mark to my understanding. The official deadlines are gone and talks are more fluid now. So any bid would likely not be disclosed and be tabled in a less formal manner.’
‘The Qatari billionaire who wants to buy Manchester United has made an extraordinary eleventh-hour ‘take it or leave it’ offer for the club.
“As previously reported, Nine Two Foundation had to go up to stand a chance and have never seen themselves as out of the race. The new offer is described as “increased” and follows verbal back and forth.
“It’s now on the Glazers. Like from the very start, a lot depends on whether Joel and Avram genuinely want to go. Sources do indicate they are determined sellers at the right price, but now they must show their hand.”
Journalist Ben Jacobs
Sheikh Jassim’s final offer is reportedly close to £5bn which he submitted to the Raine Group, the New York-based investment bank overseeing the sale of the club, on Tuesday.
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