Glazers requesting price lower than being noted

Glazers requesting price lower than being noted

Glazers requesting price lower than being noted
According to reputable CBS correspondent Ben Jacobs, Manchester United could be sold for “less than the frequently cited £6 billion”

What is the most recent acquisition report?
Sheikh Jassim bin Hamad Al Thani’s proposal for Manchester United was revealed in greater detail this week, prolonging what is quickly becoming a never-ending ordeal for fans.

According to Jacobs, and now extensively reported elsewhere, Sheikh Jassim’s offer has caused confusion because it “includes the debt and approximately £0.8 billion ($1 billion) in pledged investment.”

The Glazers will not consider pledged investment in their decision-making process and will base their valuation solely on the actual offer for the shares, of which they presently own 69 percent. This indicates that Sheikh Jassim’s proposal is significantly less than the commonly reported £6 billion ($7.5 billion) price.

This makes the Qatari proposal inferior to that of Sir Jim Ratcliffe, CEO of INEOS, with “some sources indicating” the latter’s bid has been superior throughout the entire process.

This is a significant development in the ongoing takeover saga.
Some glimmer of hope for supporters?

Jacobs reports that the asking price is less than £6 billion, so there is hope for supporters of Qatari riches.

“It is now believed that the Glazers may strongly consider an outright sale for between £4.8bn ($6bn) and £5.6bn ($7bn), which is slightly less than the frequently cited £6bn ($7.5bn),” he says.

This obviously closes the gap between the Glazers and Sheikh Jassim, and supporters on both sides must be excited about his rumored intentions for the club.

The Nine Two Foundation wishes to “restore the Club to its former glory on and off the field” and “invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience, and the communities the Club supports.”

There are already rumors that the potential new owners are interested in signing superstars such as Neymar and Jude Bellingham, moves that would certainly restore the fear factor at Old Trafford.

However, fans will have to wait and see if they increase their offer to try and surpass Ratcliffe and get closer to the Glazers’ asking price.

Glazers requesting price lower than being noted