According to the Daily Mail, Sheikh Jassim bin Hamad al-Thani has directly submitted a new offer to the owners of Manchester United.
This is the fifth bid, sent earlier in the week, and the Sheikh has set a deadline of Friday for final talks. While the offer will remain on the table after the deadline, there will be no further negotiations.
The proposal still aims to acquire complete control of Man United and includes a significant additional sum for investment in infrastructure and signings.
Sheikh Jassim submitted a fifth bid to buy 100% of Manchester United. It’s an improved bid with clear indication: take it or leave it. đŸ”´đŸ‡¶đŸ‡¦ #MUFC
There will be no more bids from Qatari group — after this Friday, Sheikh Jassim will no longer engage with the process. pic.twitter.com/yooZYUQsUC
— Fabrizio Romano (@FabrizioRomano) June 7, 2023
Previously, Sir Jim Ratcliffe was considered the favourite in the takeover process for the club. However, Sheikh Jassim’s latest high-stakes move could potentially alter the situation.
Whether this offer is sufficient to convince the Glazers to relinquish total control of Manchester United remains uncertain.
The Qatar Islamic Bank chairman, Sheikh Jassim bin Hamad al-Thani, is eager to purchase United, and the approaching transfer window has prompted his latest bid.
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He is strongly committed to providing the club with much-needed transfer funds, and completing the takeover in a timely manner would be highly advantageous.
United manager Erik Ten Hag is keen to finalize his transfers as early as possible, allowing the new players to participate in pre-season preparations.
However, the uncertainty surrounding ownership is expected to impact the club’s transfer plans, and Sheikh Jassim is pushing for a swift resolution.
Despite this, the Glazers, current owners of the club, still hold out for a £6 billion valuation of the club, which the improved offer does not meet.
