The Qatari Sheikh who wants to buy Manchester United has submitted a further bid – and has set a deadline of Friday.
In a major power move to seize control of the Premier League giants, Sheikh Jassim bin Hamad al-Thani has submitted the offer directly to the club’s owners, the Glazer family, and Raine Group, the American bankers managing the long-running saga.
Mail Sport understands the Sheikh has also told those involved that he will engage up until Friday. After then, the bid will stand, but there will be no further negotiations.
The bid is the fifth made by Sheikh Jassim since Mail Sport revealed details of the first in February. It remains for total control of the club and is thought to include a significant further sum for investment on infrastructure and recruitment. No preferred bidder has yet been chosen since a deadline of April 28 for final bids.
Sheikh Jassim’s competitor, British petrochemicals billionaire Sir Jim Ratcliffe, had been thought to be edging ahead in the process. It now remains to be seen if the latest, high-stakes move is enough to persuade the Glazers to part with the club.
The Qatari Sheikh who wants to buy Manchester United has submitted a further bid – and has set a deadline of Friday.
In a major power move to seize control of the Premier League giants, Sheikh Jassim bin Hamad al-Thani has submitted the offer directly to the club’s owners, the Glazer family, and Raine Group, the American bankers managing the long-running saga.
Mail Sport understands the Sheikh has also told those involved that he will engage up until Friday. After then, the bid will stand, but there will be no further negotiations.
The bid is the fifth made by Sheikh Jassim since Mail Sport revealed details of the first in February. It remains for total control of the club and is thought to include a significant further sum for investment on infrastructure and recruitment. No preferred bidder has yet been chosen since a deadline of April 28 for final bids.
Sheikh Jassim’s competitor, British petrochemicals billionaire Sir Jim Ratcliffe, had been thought to be edging ahead in the process. It now remains to be seen if the latest, high-stakes move is enough to persuade the Glazers to part with the club.
They are understood to value United at £6bn and the offer, while improved, does not meet that figure, which many view as outlandish.
Ratcliffe’s offer is for a majority of the club and has the potential for the Glazers to remain involved for a certain time period.
Content by :MIKE KEEGAN
