Manchester United have attracted bids from Qatar and Jim Ratcliffe for a 100% takeover, as expected. The club has been put up for sale by the Glazers, and Raine Bank, who have been tasked with the sale have asked for interested suitors to make themselves known by 10pm.
There have been concerns about UEFA and the Premier League potentially rejecting the Qatari bid over concerns surrounding their human rights record. However, the chiefs are confident that their bid will be accepted.
Manchester United’s bidding process to pick up the pace
“Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club,” a statement from the Qatari party read.
“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.
“The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world.
“More details of the bid will be released, when appropriate, if and when the bid process develops.”
Sir Jim Ratcliffe, on the other hand, is a boyhood Manchester United fan and has said that he intends to revive the club to its former glory. His company, Ineos, is expected to submit a £4 billion bid to take over the club.
