In a significant development in the ongoing race for the ownership of Manchester United, Sheikh Jassim has emerged as a frontrunner after making five bids for the club. The most recent offer, submitted earlier this month, proposes a complete takeover of the club, clearing all existing debt and establishing a separate fund for community initiatives.
However, Sheikh Jassim faces competition from Sir Jim Ratcliffe’s INEOS group, which also expressed interest in acquiring Manchester United last year. While Ratcliffe was initially seen as the likely buyer, recent speculations suggest that Sheikh Jassim has now moved ahead in the race. Although the approval process for the takeover could take up to 12 weeks, the Glazer family might retain control at the beginning of the upcoming season.
Nonetheless, an update has surfaced, potentially favoring Sheikh Jassim’s bid. The Manchester Evening News reported insights from The Mirror, indicating that the Glazers are now inclined toward a full sale, marking a significant boost for Sheikh Jassim’s prospects.
According to The Mirror, “Sheikh Jassim has received a ‘huge boost’ in his prospective takeover of United with the Glazer family finally on the same page.” The family had previously expressed differing views, with Joel and Avram Glazer showing interest in retaining a minority share, an option proposed by Sir Jim Ratcliffe. However, recent reports suggest that the Glazers have now united in support of a complete sale, a condition Sheikh Jassim has committed to if granted exclusivity.
This update significantly strengthens Sheikh Jassim’s position in his pursuit of complete control over Manchester United. Should he succeed in his bid, it appears that he has intentions to make a high-profile signing for the club. Rumors have surfaced about Sheikh Jassim’s plans to pursue Paris Saint-Germain superstar Kylian Mbappe for a potential move to Old Trafford.
As the takeover saga continues to unfold, football fans around the world eagerly await the final outcome, which could potentially reshape the future of one of the most iconic clubs in the sport.
Similar Posts:
- Sir Jim Ratcliffe Holds Upper Hand in Manchester United Takeover Race Against Sheikh Jassim
- Sheikh Jassim Awaits Response from Glazers on Premium Offer for Manchester United Takeover
- Sheikh Jassim Emerges as Front-Runner in Manchester United Ownership Race, but Glazer Family May Not Sell
- Sheikh Jassim Expresses Frustration over Slow Progress and Questions Glazer Family’s Commitment to Selling the Club
- Sir Jim Ratcliffe Discusses Manchester United Takeover Bid as Ownership Fate Remains Uncertain
