‘Take it or reject it’ Sheikh Jassim presents FINAL offer for Man United as he hope to see his rival Sir Jim Ratcliffe’s response

‘take it or reject it’ Sheikh Jassim presents FINAL offer for Man United as he hope to see his rival Sir Jim Ratcliffe’s response

The Qatari magnate who wishes to purchase Manchester United has made an extraordinary eleventh-hour ‘take it or leave it’ offer for the club.

Sheikh Jassim Bin Hamad Al Thani has reportedly submitted a final, improved proposal in an attempt to fend off competition from Sir Jim Ratcliffe and conclude a deal for total ownership of the Premier League giants to end a protracted saga, according to Mail Sport.

There have already been three rounds of tendering, and the deadline for final bids was established a month ago.

The British petrochemicals magnate Ratcliffe appeared to be in a stronger position. Even though his offer was for less than 100 percent of the club’s shares, United was valued higher than the Qatari. 

Ratcliffe has also offered executive co-chairmen Joel and Avram Glazer the option to remain with a fractional stake for two to four years prior to exiting the company. This prospect was deemed desirable by the brothers, who are believed to be interested in remaining at Old Trafford in some capacity prior to cashing out.

United’s roster is in need of reinforcement, and it was anticipated that a preferred bidder would be selected last week, prior to the transfer window opening. However, negotiations continue, and Sheikh Jassim made a last-ditch effort to assume control of the club earlier today. 

The Qatari’s second offer is believed to be substantially better than his first, but it is still believed to value United less than Ratcliffe. Sheikh Jassim’s bid, however, is for complete control, with the fee due immediately. It would immediately wipe out the club’s debt, which was approximately £536 million at last count. The offer also promises substantial investments in the playing personnel and the renovation or reconstruction of Old Trafford.

Raine Group, the New York-based merchant bankers who managed the sale of Chelsea last year, is overseeing the procedure. 

Uncertain is whether Ratcliffe’s Ineos Group will respond to the most recent development. It is believed that negotiations with all parties are continuing. Should Ratcliffe be successful, one of his proposals is to acquire a 50% stake, which would result in a gradual acquisition valued at approximately £6 billion.

‘take it or reject it’ Sheikh Jassim presents FINAL offer for Man United as he hope to see his rival Sir Jim Ratcliffe’s response