INEOS Chief Provides Update on Manchester United Takeover Amid Sheikh Jassim’s Bid

Sir Dave Brailsford, right-hand man to Sir Jim Ratcliffe, has offered a fresh update on the Manchester United takeover while at the Tour de France with Team Sky. The news may leave takeover hopeful Sheikh Jassim bin Hamad Al Thani frustrated, as the INEOS bid is not progressing yet despite a lengthy process overseen by the Glazers and Raine Group.

Recently, there has been little information on the potential sale of Manchester United by the Glazers. Both Sheikh Jassim and the Nine Two Foundation, along with Sir Jim’s INEOS, have submitted proposals in the region of £5 billion for the club.

As the process continues, fans have finally received a new update from Sir Dave, who heads up INEOS’ sport department. He stated, “Obviously, we’ve been involved, and it’s something that we’re very keen to do. It’s not something we can discuss in detail, we’ve got to sign up to NDAs and all the rest of it. But it’s an ongoing process, and we’d very much like to do it.”

Sir Dave expressed the desire for INEOS to be custodians of one of the biggest sporting teams in the world and support the team in achieving success. He emphasized the importance of the fanbase and acknowledged Manchester’s significance, having worked there for an extended period.

While Sir Jim Ratcliffe seems willing to play the long game with the Glazers, those involved in Sheikh Jassim’s bid are said to be growing impatient. Rumors indicate that Sheikh Jassim’s camp remains confident about completing the deal. However, they have kept quiet on their takeover prospects.

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There is still a possibility that the Glazers may choose to keep Manchester United or welcome minority investment instead of a full-scale takeover. Some bidders fear that retaining the club could be the Glazers’ preferred option, considering the potential revenue opportunities from the expansion of the Champions League and the Club World Cup.

Manchester United fans have been vocal about their desire to see the Glazers leave the club, with regular protests taking place since the Glazers’ initial purchase in 2005. As the takeover saga continues, the future ownership of the football club remains uncertain.

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