Man Utd takeover: Why Sheikh Jassim and Sir Jim Ratcliffe have not responded to third proposals

Man Utd takeover: Why Sheikh Jassim and Sir Jim Ratcliffe have not responded to third proposals

A full week after Sheikh Jassim and Sir Jim Ratcliffe submitted their final bids, Manchester United supporters are still in the dark about the prospective sale of their club.

More than six months after the Glazer family declared their intention to sell Old Trafford, the drawn-out saga culminated last Friday when the two leading bidders submitted their third and final offers before the 10 p.m. deadline.

Both failed to meet the asking price of £6 billion, with Ratcliffe’s bid of $5 billion or more reportedly being marginally higher than that of his Qatari rival.

However, the British businessman’s offer includes a caveat. While Sheikh Jassim is proposing a complete acquisition, Ratcliffe will acquire just over fifty percent of United’s shares, with Joel and Avram Glazer retaining a twenty percent stake.

This has enraged a portion of the club’s fanbase, who have long advocated for the Glazer family’s permanent departure from Old Trafford.

The news that neither bidder has received a response from the relevant parties since submitting their bids is likely to exacerbate their frustration further.

In contrast, the group led by Sheikh Jassim has pledged an additional £800 million as part of their takeover plans, which focus on enhancing club infrastructure.

According to the London newspaper City AM, the additional funds would be used to enhance facilities such as Carrington and Old Trafford.

However, Sky Sports News correspondent Kaveh Solhekol stated, “Sheikh Jassim is still awaiting a response from Raine, the bank hired by the Glazer family to sell all or a portion of Manchester United.

Five months into the process and five weeks before the transfer window opens, only one proposal to purchase the club in its entirety has been received, from Qatar.

In addition, it was disclosed that Ratcliffe has not been contacted since Friday. Manager Erik ten Hag has remained silent on the saga, but it is an issue he undoubtedly wants resolved as he plans a summer squad overhaul.

Man Utd takeover: Why Sheikh Jassim and Sir Jim Ratcliffe have not responded to third proposals