Man Utd takeover: Qatar 'turns around' after Sheikh Jassim's representatives visit club
The Qatari investment group led by Sheikh Jassim Bin Hamad Al Thani is reportedly willing to 'overpay' to buy Manchester United from the Glazers ahead of Ineos chief Sir Jim Ratcliffe. The Red Devils are still in the process of finding new owners, with a takeover proposal set to take place before the start of next season if all goes to plan over the coming weeks and months.
Qatari bidders were previously adamant they would pay no more than the odds to buy United and saw an initial bid rejected last month, although their stance softened after an in-person visit to Old Trafford on Thursday. Sheikh Jassim is currently consulting with his bankers and advisers to put together what he believes to be a "compelling" offer to buy the club, according to .
The Qatari group is said to be ready to table a second proposal next week which is expected to be closer to Glazer's imposed asking price of around £6bn. They decided they were willing to overpay for the Red Devils due to the club's history and the unique nature of the opportunity to lead a successful takeover due to the fact that it almost never appears. on the market.
The consortium met with United officials on Thursday after traveling to Manchester from London by train, and talks reportedly ended on a high note. Sheikh Jassim did not attend the meeting in person, however, with the Qatari bank director instead sending a team of experts in finance, banking, property and law.
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However, it seems likely that Ratcliffe will seek to compete with the Qatari consortium in the next stage of the bidding war and plans to submit its own renewed bid before the end of next week. The 70-year-old also visited Old Trafford a day later and was pictured outside the stadium after meeting club officials alongside several Ineos representatives.
It remains to be seen how the situation plays out by the start of next season, with the Glazers set to decide on their next course of action once the new offers are submitted in the coming days. The possibility of a Qatari-led takeover has raised legitimate concerns about the country's human rights record in recent weeks, although United legend Gary Neville recently played down the issue by suggesting the horse may have already run away regarding state-run clubs in the Premier League. .
"There are concerns, [but] they want a debt-free club," Neville said last month. "They've been mentally hurt by debt, Man United fans, for the past few years. You get the feeling that they want a property that can compete with the Middle Eastern properties that we have in this league, which is the Saudi Arabia to Newcastle and Abu Dhabi to Man City.
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“From my point of view there is a white paper coming out later this week from the government. independent regulator but I ho...
The Qatari investment group led by Sheikh Jassim Bin Hamad Al Thani is reportedly willing to 'overpay' to buy Manchester United from the Glazers ahead of Ineos chief Sir Jim Ratcliffe. The Red Devils are still in the process of finding new owners, with a takeover proposal set to take place before the start of next season if all goes to plan over the coming weeks and months.
Qatari bidders were previously adamant they would pay no more than the odds to buy United and saw an initial bid rejected last month, although their stance softened after an in-person visit to Old Trafford on Thursday. Sheikh Jassim is currently consulting with his bankers and advisers to put together what he believes to be a "compelling" offer to buy the club, according to .
The Qatari group is said to be ready to table a second proposal next week which is expected to be closer to Glazer's imposed asking price of around £6bn. They decided they were willing to overpay for the Red Devils due to the club's history and the unique nature of the opportunity to lead a successful takeover due to the fact that it almost never appears. on the market.
The consortium met with United officials on Thursday after traveling to Manchester from London by train, and talks reportedly ended on a high note. Sheikh Jassim did not attend the meeting in person, however, with the Qatari bank director instead sending a team of experts in finance, banking, property and law.
JUST IN: Man Utd boss Ten Hag wants next owner to spend £210m on two players
However, it seems likely that Ratcliffe will seek to compete with the Qatari consortium in the next stage of the bidding war and plans to submit its own renewed bid before the end of next week. The 70-year-old also visited Old Trafford a day later and was pictured outside the stadium after meeting club officials alongside several Ineos representatives.
It remains to be seen how the situation plays out by the start of next season, with the Glazers set to decide on their next course of action once the new offers are submitted in the coming days. The possibility of a Qatari-led takeover has raised legitimate concerns about the country's human rights record in recent weeks, although United legend Gary Neville recently played down the issue by suggesting the horse may have already run away regarding state-run clubs in the Premier League. .
"There are concerns, [but] they want a debt-free club," Neville said last month. "They've been mentally hurt by debt, Man United fans, for the past few years. You get the feeling that they want a property that can compete with the Middle Eastern properties that we have in this league, which is the Saudi Arabia to Newcastle and Abu Dhabi to Man City.
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“From my point of view there is a white paper coming out later this week from the government. independent regulator but I ho...
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