Latest Man Utd takeover news
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Sheikh Jassim is primed to launch a second bid for Manchester United after his advisers held takeover talks on Thursday, it has been claimed. The Qatari billionaire is eager to acquire the club. However, he’s not the only candidate in the mix at the current moment in time – with Sir Jim Ratcliffe also showing interest.
According to Sky Sports’ Kaveh Solhekol, Sheikh Jassim will launch a second bid for United within the next 10 days.
“Sheikh Jassim expected to make second bid for Man United within 10 days after his advisers visited the club today,” he said on Twitter.
“All bidders will be asked to make another bid in next 10 days.”
And he also quoted a US source as saying: “There should be no doubt at all that Jassim wants to be the owner & custodian of United.”
The development was an expected one, with the Qatari billionaire eager to acquire United despite facing strong competition.
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Delegates from Sheikh Jassim’s party were spotted at United today.
They attended the club’s training ground, which was predominantly empty with members of the squad currently in Spain for tonight’s Europa League clash with Real Betis.
These included Shahzad Shabaz, President of the 92 foundation, and senior personal advisor Fady Backhos.
Sam Powers, Global head at Bank of America, as well as Managing director Yasir Shah were also present.
And various lawyers attended, too.
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He is, though, not alone in wanting to buy United.
Ratcliffe is another strong candidate, despite reports on Wednesday saying the Glazers had yet to ‘warm’ to the British billionaire.
And it’s believed two parties from the US are circling, too, even though they’re yet to publicly announce their intentions.
The Glazers confirmed back in November they were open to selling United, shortly after being criticised by Cristiano Ronaldo in a brutal interview with Piers Morgan.
However, it’s also been claimed they’re open to minority investment. Should they receive the right proposal, they may even end up staying.
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In February, via a statement, Sheikh Jassim confirmed his intentions to buy United – while also promising to bring the glory days back to the club.
“Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club,” the statement said.
“The bid plans to return the Club to its former glories both on and off the pitch, and — above all — will seek to place the fans at the heart of Manchester United Football Club once more.
“The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the Club supports.
“The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world.
“More details of the bid will be released, when appropriate, if and when the bid process develops.”
As for Ratcliffe, the INEOS chief confirmed his interest back in January.
“We have formally put ourselves into the process,” an Ineos spokesperson said.
Any takeover from United could be wrapped up in the coming months.
And who ends up taking control ultimately remains to be seen.
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