Sheikh Jassim’s doubts about the Glazer family’s intentions emerge in the wake of Man Utd’s stunning takeover proposal.
Sheikh Jassim is reportedly concerned that the Glazer family has no intention of selling Manchester United despite his frantic late attempt to acquire the club.
The Red Devils have been for sale since November of last year. Since then, the April 28 deadline for third proposals has passed.
In an endeavor to close a deal, Qatari billionaire Sheikh Jassim bin Hamad Al Thani and INEOS owner Sir Jim Ratcliffe have submitted multiple offers to the sale’s facilitators, the Raine Group.
A statement issued by the latter in conjunction with his initial proposal confirmed his intentions for the club.
It stated, “Sheikh Jassim Bin Hamad Al Thani today confirmed his bid for 100 percent of Manchester United Football Club.” The bid aims to restore the club to its former glory both on and off the field and, most importantly, to put the supporters back at the center of Manchester United Football Club.
Sheikh Jassim’s Nine Two Foundation will invest in the football teams, the training center, the stadium and broader infrastructure, the fan experience, and the communities supported by the club.
“The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence and regarded as the world’s foremost football club.
If and when the bid process develops, additional bid information will be made available.
As of now, the Glazers have not responded to the most recent round of offers, prompting Sheikh Jassim to make a last-ditch effort to secure an agreement. He recently submitted a £5.5billion bid for the club in an effort to defeat rival Ratcliffe.
There is a probability that the United States will continue to play at Old Trafford. Ratcliffe has reduced his potential ownership stake in the club to 50.01 percent, which could enable the Glazers to remain investors in the Red Devils.
A number of external investors continue to participate in the acquisition procedure. Elliott Investments and Sixth Street are willing to invest in the Red Devils and allow the Glazers to remain at Old Trafford.
Gary Neville, a legend for Manchester United, is undoubtedly alarmed by this news.
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He has previously expressed concern about the Glazers remaining at Old Trafford and suggested that it should be a top priority to remove the heavily criticized proprietors as soon as possible.
Sheikh Jassim’s doubts about the Glazer family’s intentions emerge in the wake of Man Utd’s stunning takeover proposal.