16.7 C

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. 

- Advertisement -TechnoSports-Ad

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. 


Please enter your comment!
Please enter your name here

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

Arsh Das
Arsh Das
A music enthusiast, also passionate about football and bringing you the latest in the sporting world every day.



Related Stories

More from author

Vinicius Jr documentary planned by Netflix in 2025

Real Madrid have revealed plans for a Vinicius Jr exclusive Netflix documentary, with a potential release date in 2025. The winger suffered massive racial...

Alphonso Davies transfer: Real Madrid and Bayern Munich agree move in 2024 or 25

Real Madrid and Bayern Munich have reportedly reached a verbal agreement over the transfer of Alphonso Davies, according to The Athletic. The Canadian will...

Top 10 Premier League goalkeepers with the most clean sheets

Which goalkeeper has the most clean sheets in Premier League history? Here are the top ten of all-time. The Premier League has seen some...

Premier League managers want transfer window like players

The Premier League has become notorious for manager swapping over the past few years. Particularly last year, as many as fourteen managers were replaced...