Details emerge from Sheikh Jassimโs latest bid to buy Manchester United
Sheikh Jassim Bin Hamad Al Thani is hoping for a 100% takeover of Manchester United from the Glazer family.
Last night, the Daily Mail ran an exclusive report about Sheikh Jassimโs improved bid for the club as his Qatari consortium attempt to see off competition from Sir Jim Ratcliffe.
This came after widespread speculation that Sir Jim Ratcliffe had emerged as the Glazersโ preferred bidder. Although Ratcliffe is not trying to buy 100% of the club, it is believed that his third offer did value United higher than the Qatari.
There has been another update this morning โ from talkSPORT โ suggesting that the Qatari groupโs latest offer is worth more than ยฃ5.5 billion.
The new package offered by Sheikh Jassim is said to be ยฃ4.8bn for a full sale plus โpledged investmentโ into the club and local community.
The Qatari banker also plans to clear Unitedโs debt of more than ยฃ500m โ but it is believed that Ratcliffeโs offer for a reduced stake values the club at nearer ยฃ6bn.
I think it will come down to how much Joel and Avram Glazer want to remain at the club because we know already that the other siblings want out.
Furthermore, talkSPORT add that no preferred bidder has been named by the Raine Group, who are advising the Glazers on the sale process.
With the summer transfer window approaching, fans are growing impatient with the Glazer family. Itโs been 18 years since they controversially bought the club.
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