Qatari Sheikh Jassim bin Hamad Al-Thani has increased his bid to buy Manchester United, sources confirm 90 minutes,
After three rounds of bidding, the deadline for offers to buy United passed on April 28 and the process – managed by US investment bank Rhine Group – appeared to be over.
discussing their options as current joint owners, the Glazers, Rhine and 90 minutes Confirmed Earlier this month he was in favor of accepting an offer from Sir Jim Ratcliffe that would see his company INEOS take control but leave the family with a stake in the club. Accepting the said bid would mean that current co-chairmen Joel and Avram Glazer would remain on the club’s board.
Read the latest Man Utd news here
However, Sheikh Jassim – who made the offer through his Nine Two Foundation – has now made an improved offer which would see him take 100% control of the club.
The Sheikh has promised huge investment on and off the field, including eliminating the existing debt of more than £500 million incurred under the Glazers’ unpopular ownership.
Although sources say that Sheikh Jasim’s new bid is still less than the total value United bid for Ratcliffe – which is close to £6bn.
News on the process was due to become public this week, with the preferred bid status yet to be announced. However, Sheikh Jasim’s new bid is likely to be delayed further while it is being considered and evaluated.
In this edition of The Promised Land, which is part of the 90min Podcast Network, Scott Saunders And Rob Blanchett Discuss Garnacho potentially being given the number seven jersey and midfield options in the summer transfer window.
If you can’t see this embed, click Here Podcast to listen to!