Sheikh Jassim bin Hamad Al Thani is preparing a new proposal for Manchester United. The Sheikh is willing to pay more than the Glazers’ asking price of £6 billion.
Almost a year has gone since the Glazer family initially indicated that they were willing to enter into talks about selling the 20-time English champions.
The takeover process has slowed in recent months, but Sheikh Jassim and his major challenger in terms of a bidder, Sir Jim Ratcliffe, are reported to still have offers of £5 billion on the table.
According to recent rumors, the Glazers are examining their options.
However, Sheikh Jassim and Ratcliffe likely to play the long game in order to acquire the Red Devils.
It is possible that Sheikh Jassim will submit another offer “closer” to the Glazers’ purported £6 billion asking price.
Sheikh Jassim’s bid will be the final one. According to Jacobs, even though the final bid deadline in April was simply a loose deadline.
“I still don’t think we can rule out another bid from, in particular, Sheikh Jassim,” Jacobs said.
“Then we were told that after the fourth bid, that would be the last offer, and then we were told that after the fifth bid, that would be the last offer.”
“In this type of takeover, you can never rule out another offer because the situation is public and fluid in many ways.”
If Sheikh Jassim wants Manchester United, he may have to pay whatever it takes, or at least come close to that £6 billion figure.”
Sheikh Jassim to make fresh bid for Manchester United
This season, Manchester United fans have once again demonstrated against the Glazers, with a sit-in protest held at Old Trafford following the Premier League match against Nottingham Forest last month.
Ratcliffe and Sheikh Jassim have reportedly been less lay off by United’s poor start to the 2023–24 season.
The Red Devils have won three and lost three of their first six Premier League games. As well a, they have lost their Champions League start against Bayern Munich.
Sheikh Jassim wants to execute a full acquisition of Manchester United. The Qatari banker is willing to invest heavily in Old Trafford and the club’s training facility.
Ratcliffe, on the other hand, is just aiming for a controlling stake for the time being, with the proposed plan calling for a full takeover of the English titans in three years.
Man United will look to build on their 1-0 Premier League win over Burnley when they host Crystal Palace in the EFL Cup on Tuesday night.