The pursuit of Manchester United’s ownership has taken a captivating turn as Sheikh Jassim bin Hamad Al Thani has surged ahead of Sir Jim Ratcliffe in the race to acquire the club. However, there is a growing suspicion that the Glazer family, current owners of Manchester United, may ultimately choose not to sell the club.
The Battle Between Sheikh Jassim and Sir Jim Ratcliffe
Sheikh Jassim, a Qatari investor, and Sir Jim Ratcliffe, formerly the UK’s richest individual, have been engaged in a spirited bidding war since November, when the Glazer family first announced their intention to sell Manchester United. Recent reports from Bloomberg suggest that Ratcliffe’s bid is now considered “dead in the water,” although it is important to note that he has not officially withdrawn from the race.
Insights from Manchester United Co-Owner Avram Glazer
Avram Glazer, co-owner of Manchester United, has recently broken his silence on the reports of the club’s potential sale. In an interview with GiveMeSport, Glazer revealed that there is a growing sentiment within the Qatari camp that the outcome will either be their success or a decision by the Glazers not to sell, potentially with some form of financing arrangement. This shifts the narrative from a head-to-head battle between Qatar and Ratcliffe to the question of whether Qatar’s Nine Two Foundation, Jassim’s UK company, will be selected or if the Glazers will opt for a no-sale scenario with plans to put the club on the market at a later date.
The Glazers’ Valuation and Legacy
It is understood that the Glazer family is seeking a substantial £6 billion for Manchester United, a club their late father, Malcolm, acquired in 2005 through a highly leveraged takeover valued at £800 million. The Glazers’ valuation reflects the club’s immense global stature and enduring legacy.
Challenges Since Sir Alex Ferguson’s Era
Manchester United experienced remarkable success under the management of Sir Alex Ferguson, winning numerous Premier League titles. However, since Ferguson’s retirement in 2013, the club has faced challenges, enduring a decade-long drought without clinching the Premier League title.
As the race for Manchester United’s ownership unfolds, Sheikh Jassim has emerged as the front-runner, surpassing Sir Jim Ratcliffe in the pursuit. Nonetheless, uncertainties persist regarding the Glazer family’s intention to sell the club, leaving room for speculation about a potential change of plans. Football enthusiasts eagerly anticipate further developments, awaiting the ultimate resolution of this captivating ownership saga surrounding one of English football’s most iconic clubs.
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