According to reports, Sheikh Jassim’s fourth bid to acquire Manchester United may still fall short of the Glazers’ asking price.
The Qatari group made an improved offer of up to £5.5 billion, including the clearance of the club’s £1 billion debt and a commitment to invest in the club and the local community. However, the Glazers’ valuation of the club is reportedly £6 billion, which could lead to the rejection of the latest offer. The extended sale process could also have negative implications for the upcoming season, as any deal would have to be signed off by the Premier League’s owners and directors test, which could take several months. This could impede Manchester United’s transfer window and limit the club’s ability to compete for the title next season.
Lengthy process
The Manchester United takeover saga continues, with Sheikh Jassim and Sir Jim Ratcliffe’s final offers made two weeks ago. Sheikh Jassim’s offer was reportedly for a 100% stake in the club, including clearing the club of its debt, while Ratcliffe’s offer was for a little over 50% stake, with the Glazer family retaining 20% each.
The prolonged process may hinder manager Erik ten Hag’s plans for significant funds for the upcoming transfer window and the next campaign. Additionally, Financial Fair Play regulations may also pose a challenge for the club.