Manchester United could soon have new owners if the current owners, the Glazers, accept Qatari Sheikh Jassim bin-Hamad Al-Thani’s full and final bid of 5.5 billion euros which is still set by Avram Glazer & Co. is within the original quote. Slightly lower than rated.
The Manchester-based club will reportedly have new owners if a £6bn bid is made. INEOS owner Sir James Ratcliffe and banker Sheikh Jassim are just two of the names said to be frontrunners to buy Manchester United. Both his dialects have 2 different settings.
While both of £5bn, Sheikh Jassim is reportedly hoping to acquire 100% of the club while Sir James Ratcliffe is open let Avram Glazer and Joel Glazer have 20% stake of one of world’s most famous football clubs.
Man United fans will hope Sheikh Jassim to take full control as his offer is very promising. His bid will clear all of Manchester United’s debit of £1bn and the investment will also see improvement in the club’s training facility and the surrounding community.
Sheikh Jassim sent his delayed final bid to the Raine Group on Tuesday morning. Raine Group is an investment bank in the United States of America and the organization is overseeing the sale of Manchester United.
This particular saga started in November 2022 when the Glazers announced that the club invites bidding for a new owner. And its been more than 5 months but nothing has moved at a consistent pace.
Sources close to the club told us that Sheikh Jassim is very determined to have full ownership of the Red Devils and his bid and its clauses should lure the Glazers but there is no winner as of now.
If we talk about the performance of Manchester United this season, then they have played much better football than last year. Although they terminated Cristiano Ronaldo’s contract before the World Cup, Manchester United won their first trophy in 5 years by defeating Newcastle United in the Carabao Cup final.