Manchester United owners, the Glazer family, released a statement last November, announcing that they would be ‘open to a direct sale’ of the club, potentially ending nearly two decades of ownership
There have been two front runners for ownership of the club. CEO of INEOS, Sir Jim Ratcliffe, and Qatari royal family member, Sheikh Jassim bin Hamad Al-Thani.
Qatar’s Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a reports
Sheikh Jassim had been locked in a bidding war with British billionaire Jim Ratcliffe for control of ownership .
The chairman of Qatar Islamic Bank last week submitted a fifth and final offer to buy the 20-time English champions ,
According to Al-Watan newspaper Sheikh Jassim is favourite to be the next owner
The offer includes clearing a £1 billion debt and a fund solely for Manchester United and surrounding community, according to an earlier report in The Guardian newspaper.
Ratcliffe, a boyhood United fan, had wanted to purchase around 60 per cent of the club.
His offer comes with a proposal that would allow the Glazers to remain for a set time
The Glazer family originally valued Manchester United at £6 billion after it went on the market.
The US-based Glazer family are deeply unpopular among the United fan base,
And announced in November that Board’s going to explore alternatives for the future, with a full sale option.
Reports suggest that Jassim is receiving congratulations by Qatari business houses. With this, the share price of Manchester United rose by 11.4 per cent and touched USD 22.37 Monday.
