Sheikh Jassim remains to be waiting to hear whether or not his fifth and final offer for Manchester United has been successful, in accordance to sources shut to the Qatari.
Recent stories inside Qatar had indicated that the Sheikh’s bid – which is for 100 per cent of the membership – had seen off the bid from Ineos founder Sir Jim Ratcliffe.
However, the Sheikh Jassim camp described these stories as pure hypothesis and say they continue to be in a ‘holding pattern’. They anticipate the subsequent step can be for the United board to meet and take into account each bids.
United have been approached for remark.
Sheikh Jassim’s fifth bid was made final week, however on the similar time it was made clear to the Glazer household – who personal the membership – and to the Raine service provider banking group which is overseeing the sale that he wouldn’t interact with the method past final Friday.
The Qataris are keen to get the deal accomplished with the summer season switch window about to kick into gear.
Sheikh Jassim’s bid is known to be a completely money deal for 100 per cent of the membership, and that every one United’s money owed can be cleared.
Sources shut to the Sheikh’s bid say that separate, extra funding can be made out there for participant recruitment, infrastructure and different funding wants.
The Glazers first introduced their intention to take into account a sale of the membership in November final yr, with the primary bids from Ratcliffe and Sheikh Jassim tabled in February.
There have been stories that Ratcliffe’s offer is for 60 per cent of the membership, with Avram and Joel Glazer retaining a mixed 20 per cent stake, however sources shut to Ratcliffe haven’t confirmed this.
Discussion about this post