Manchester United bidding process: Sheikh Jassim makes 4th bid for 100% ownership

Sheikh Jassim has submitted a fourth bid to take over Manchester United, rivalling Sir Jim Ratcliffe. The QIB chairman’s bid is above the previous £5 billion amount, but is under the £6 billion asking price that the Glazers are holding out for. 

The bid from Qatar has always been for 100% of the club, which would see the Glazers completely removed. However, Sir Jim Ratcliffe’s bid involved the Glazers staying on in around a 20% capacity. The plan for him is to eventually buy out their shares, and his bid is reportedly higher than that of Sheikh Jassim. 

Manchester United bidding war: Sheikh Jassim makes fourth bid 

manchester united

Fans have been protesting against the ownership of the Glazers for years now, and Ratcliffe’s decision to have them stay on has been met with harsh criticism. The Ineos owner has not specified the usage of funds in his plans for the club, which has been done by his bidding rival. 

The Qatari Sheikh has promised to clear the £1 billion debt that the club currently has. Moreover, there will be separate funds allocated solely for the redevelopment of the stadium, the training complex and the men’s and women’s teams. 

The Raine Group has received bids from both parties, and will now present them to the Glazers. The final decision, however, is up to the current owners who could choose Ratcliffe’s bid simply because it would allow Joel and Avram to stay on as minority owners of Manchester United. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Manchester United’s Amad Diallo Faces Lengthy Spell on Sidelines with Ankle Ligament Injury

Manchester United’s Amad Diallo Faces Lengthy Spell on Sidelines...

Manchester United have suffered a major setback as winger Amad Diallo sustained an ankle ligament injury during...
Antony’s Spanish Revival: Manchester United Loanee Shines Again for Real Betis

Antony’s Spanish Revival: Manchester United Loanee Shines Again for...

Antony has wasted no time making an impact at Real Betis, continuing his electrifying form with another...
Jadon Sancho’s Instagram Comment for Rashford Sparks Manchester United Fan Outrage

Jadon Sancho’s Instagram Comment for Rashford Sparks Manchester United...

Manchester United have endured their fair share of poor transfer decisions, but parting ways with Jadon Sancho...
Top 10 Transfers of the Winter Transfer Window

Top 10 Transfers of the Winter Transfer Window

As the winter transfer window for the 2024-25 season officially closes, numerous moves have reshaped squads across...
Manchester United Suffer Major Setback with Lisandro Martinez Injury: Potential Six-Month Absence Looms

Manchester United Suffer Major Setback with Lisandro Martinez Injury:...

Lisandro Martinez, a key figure in Manchester United's defense, faces a potentially long-term absence due to a...

LATEST NEWS

BLACKPINK Rose Rewrites K-Pop History: Inside Her Bold KOMCA Departure

BLACKPINK Rose Rewrites K-Pop? In the glittering universe of K-Pop, where rules are sacred and traditions are rarely challenged, one artist has just rewritten the...

Blackpink Lisa Alter Ego: Unleashing 5 Personas, 15 Tracks, and Epic Collaborations

Blackpink Lisa Alter Ego Prepare to witness a musical revolution that will redefine the boundaries of artistry. Blackpink’s Lisa is set to drop her debut...

Marvel Cinematic Universe Unleashed: Your Ultimate Guide to Upcoming Marvel Movies and Shows

Marvel Cinematic Universe Updates! Buckle up, Marvel fans! 2025 is about to blow your mind with an unprecedented lineup of superhero spectacles that will...

Navigating the Changing Landscape: Regulatory Updates for Casino Operators in 2025

Casino Operators in 2025 Updates! The world of online gambling is undergoing a seismic shift in 2025, with regulatory frameworks transforming the global casino landscape....

Featured