There have been recent developments in the Manchester United takeover saga, with Sheikh Jassim reportedly submitting a final take-it-or-leave-it offer for the club. The Qatari’s initial final offer was deemed unsatisfactory as it fell short of the valuation set by the current owners, the Glazers, and also included a desire for full 100% control of the club. However, Sheikh Jassim is said to be back in the running with this latest bid.
The final bidder was initially expected to be chosen last week, with Sir Jim Ratcliffe and INEOS considered the favorites. Their offer matched the Glazers’ valuation and even proposed to keep them on board with a combined 20% stake in the club. The uncertainty over the takeover has been looming over Manchester United for months, and these latest developments suggest that the saga may
A ‘seismic development’
According to the Daily Mail, Sheikh Jassim has submitted a massive bid in an effort to make the Glazers reconsider their position on a Manchester United takeover. The bid is said to be significantly higher than Sheikh Jassim’s previous offer. The Qataris still value United below what Ratcliffe and INEOS value the club at, but they are confident of being able to force the Glazers into fully relinquishing control of the club because their sum would be paid immediately, unlike the INEOS takeover, which would be a gradual process.
It remains to be seen if this revised offer will make the Glazers change their mind about staying on board, but United fans would undoubtedly welcome a change in ownership. The future of the club is likely to be a subject of intense interest in the coming days and months.