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The sale of Manchester United appeared to have entered a new phase after rival bidder Sir Jim Ratcliffe and Qatar’s Prince Jassim bin Hamad Al Thani both resubmitted their offers…multiple times.
Sheikh Jassim is still aiming for a 100% ownership stake in the club as he is adamant about investing in the football teams, the training facility, the stadium, and wider infrastructure, as well as the fan experience and the communities that Manchester United supports.
Rival bidder Ratcliffe has previously made it clear that his offer will only be for the 69% of Manchester United, controlled by the Glazer family and would not include the £6 billion asking price.
Despite rumours of interest from other parties, only two public offers have been made for the club as of yet.
Sheikh Jassim submitted a fifth bid to buy 100% of Manchester United. It’s an improved bid with clear indication: take it or leave it. 🔴🇶🇦 #MUFC
There will be no more bids from Qatari group — after this Friday, Sheikh Jassim will no longer engage with the process. pic.twitter.com/yooZYUQsUC
— Fabrizio Romano (@FabrizioRomano) June 7, 2023
According to reports, the US company Elliott Management won the second round of the bidding process but the hedge fund isn’t aiming to purchase the football team.
Instead, it wants to support other bidders who might make investments in the Glazer family if they opt to remain the club’s owners.
Rumors have also circulated that if Sheikh Jassim’s bid for Man U falls through, he may opt to buy out West Ham instead.
For now, it appears that the Qatari banker is making one final attempt at acquiring Man U, and will call it quits after that.
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