According to reports, Qatar’s Sheikh Jassim is refusing to increase his Man United takeover bid in response to Sir Jim Ratcliffe’s modified offer.
Man United have been on the market since last November.
It remains to be seen whether the Glazer family will sanction a full sale.
There have officially been three rounds of bidding over the past few months and Sheikh Jassim and Ratcliffe have emerged as the most likely candidates in the race to oust the Glazer family.
heikh Jassim has consistently insisted that he is only interested in a 100% proposal, while Ratcliffe is in the process of modifying his bid.
The British billionaire was also chasing a majority takeover to start with, but he is now reportedly hoping to gain a 25% stake in Man Utd before taking full control in 2026.
It is understood that these two proposals are worth around £5bn, but the Glazer family are understood to be holding out for £6bn.
Who will buy the Man United ?
The Times are now reporting that ‘the Qatari group bidding for Manchester United
Will not increase their existing offer of £5 billion despite the threat posed by a new deal being table Ratcliffe’. The report adds.
‘This week it emerged that the Glazers were considering
Ratcliffe’s offer of £1.5 billion for a 25 per cent stake as part of
What could be a staged takeover at Old Trafford. One insider close to the process has described the British billionaire’s proposal as “feasible”.
‘However, sources close to the Qatari group being led by Sheikh Jassim Bin Hamad al-Thani say that the news of Ratcliffe’s restructured bid
He had initially offered to buy the 67 per cent stake of Man united belonging to the Glazer family
Amounts to another pressure tactic designed to make them increase their bid.
‘While the Glazers value United at about £6 billion, the Qataris remain convinced the price is too high
They are standing by their offer of £5 billion for a 100 per cent purchase:
Not least because Erik ten Hag’s side are badly misfiring on the pitch,
the debt stands at about £1 billion, and the Old Trafford stadium and training ground remain in dire need of modernisation.’
“I feel very sorry for the manager, I know a lot of people will say he’s got to do a lot better,
That’s fine, he is the Manchester United manager
But there are a lot of big problems at the club
That managers have found over the last ten years,” Neville said.
“I think until those problems are solve we’ll still continue to see underperforming teams,
Underperforming players, it’s a graveyard for coaches and players – it’s not too strong a term.
