According to rumors, Sheikh Jassim bin Hamad Al Thani has made a ‘take it or leave it’ fourth and last bid to buy Manchester United.
The Qatari financier has arrived with an 11th-hour offer to sway the takeover contest in his favor, despite widespread conviction that Sir Jim Ratcliffe was in the lead.
Last week, Ratcliffe was regarded to have emerged as the favoured bidder, with his plan to keep a 20% share in the club for Joel and Avram Glazer.
But Sheikh Jassim isn’t about to go easily, and he’s put the Glazer brothers and the Raine Group to the test before Ratcliffe’s term of exclusivity begins.
Sheikh Jassim, according to the Mail, has filed a fourth and improved proposal after falling short of expectations at the third deadline. His offer is a big improvement than Ratcliffe’s, and while it still values United lower, the whole fee would be paid immediately.
It would also pay off the club’s debt, which was recently estimated to be around £536 million, and would include promised investments in the playing squad, Old Trafford, the club’s Carrington training site, and additional infrastructure.
According to the story, bidders anticipated to discover who was favored last week, despite rumors that Ratcliffe was the likely winner.
However, conversations have been ongoing since Sheikh Jassim was given the option to enter the ring for the fourth time. It comes a day after Avram, one of two Glazer siblings who want to preserve a share in United, was photographed leaving London’s Claridges Hotel.
The Mayfair home is owned by Sheikh Jassim’s father, raising the question of whether the Women’s FA Cup final was the only reason he traveled to the UK.
- NLC To Begin Nationwide Strike Wednesday Over Fuel Subsidy Removal
- Tinubu Names Gbajabiamila As Chief Of Staff, Akume As SGF
- Court Admits Results For Seven States Tendered By LP, Obi
- My World Crumbled After My Hubby Impregnated His Ex — Toke Makinwa
- BRICS Ministers Demand Rebalancing Of Global Order Away From West
If Sheikh Jassim’s final offer puts him in charge of a six-month-long procedure, Ratcliffe will almost certainly be able to react.
It is possible that the takeover issue will extend into the summer transfer window, when it was originally intended to be resolved by the conclusion of the season.
Such a result could have an impact on Erik ten Hag’s recruitment ahead of his second season as Red Devils manager.
