Manchester United: Sheikh Jassim of Qatar makes final bid to buy the football club, says report
Current owners, the Glazer family, according to reports, are understood to value United at £6 billion ($7.5 billion) and the Raine Group was brought in to oversee the process. Sheikh Jassim’s bid team have set Friday as a deadline to make headway in discussions, reports said.
Ratcliffe, a boyhood United fan who failed in his attempt to buy Chelsea last year, reportedly wants to purchase a controlling stake of more than 50 per cent.
United lost Saturday’s FA Cup final to Manchester City but they won the League Cup and finished third in the Premier League in Erik ten Hag’s first season in charge.
In November, executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said, “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
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