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December 7, 2023
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Football News

Sheikh Jassim bin Hamad Al Thani leading the race to buy Manchester United

Sheikh Jassim Manchester United

According to reports, Sheikh Jassim bin Hamad Al Thani is in a strong position to successfully acquire Manchester United. The Glazer family gave a deadline of 17th February to interested parties to make a takeover bid for the Red Devils.

While The Raine Group, which is managing the takeover process on behalf of the Glazers, but Sheikh Jassim and Sir Jim Ratcliffe openly admitted that they had submitted theirs beforehand.

In February, Sheikh Jassim released a statement confirming his bid, saying:

“The bid plans to return the club to its former glories both on and off the pitch, and – above all – will seek to place the fans at the heart of Manchester United Football Club once more.”

“The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the club supports.”

According to a recent report, Sheikh Jassim and Ratcliffe have both advanced to the next round of the takeover procedure. The two have advanced to the next phase, however it’s said that their offers were less than the £6 billion asking price.

Despite falling short of the Glazer Group’s price, both parties will continue discussing a prospective takeover with the Raine Group. RMC Sport claims that Sheikh Jassim is in a pole position to acquire the Premier League giants and has the upper hand over Ratcliffe.

The Qatari offer would let the club pay off its debt without a loan, something Ratcliffe is unwilling to make. According to the sources, Erik ten Hag’s position would be secure if the Qatari-supported offer is successful.

Moreover, transfer plans have already been planned for this summer by the potential new owners.

Glazer family could hand over Manchester United to Sheikh Jassim

According to rumours, the Glazer family is divided over the prospect of a sale. Avram and Joel Glazer are reportedly unwilling to give up ownership of the club, while four other members of their family are eager to make a profit off of their initial investment.

According to a different ESPN source, the club’s personnel has been informed that at the end of the season, there would be “clarity” regarding the ownership position.

On the field, Man United will be looking to recover from their demoralising 7-0 loss to fierce rivals Liverpool on Sunday when they play Real Betis in the first leg of their Europa League round of 16 matchup on Thursday.

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