fiercely disputed battle to acquire Manchester United stepped up on Wednesday. Qatari banker Sheikh Jassim bin Hamad Al Thani and British billionaire Jim Ratcliffe got ready up their shows for Brilliant English 20 times champions.
Both parties were expected to increase their initial bids after the submission deadline of At 9 pm GMT it was extended by merchant bank Rin, who helps with reduction of the clubafter the confusion over Timing, BBC reported.
Sky Sports also It reported that Sheikh Jassim and Ratcliffe had been granted extensions to submit new bids.
According to the BBC, the new Delivery time for Offers were not made clear.
United owners, the Glazers familyIt said set a world record 6 billion Egyptian pounds ($7.3 billion) valuation for a sports club.
Sheikh Jassim’s attempt for 100% control of the club Promising to clear the $620 million from United debt and investment in a new stadium and training ground, in In addition to support for the men’sand women’s teams.
A source close to Sheikh Jassim’s attempt told Agence France-Presse (AFP). remains Confident that his bid is ” best for The club, fans, and local community. “
The founder of the chemical company INEOS, Ratcliffe, is a United Childhood fan, too more to caution in evaluates it, and insists it won’t pay “stupid” price in Bidding war for one of footballThe most famous clubs.
How do you decide price of a drawing? How do you decide price of a house? It is not related to how too much on him cost to build or how too much on him cost Ratcliffe told the Wall Street Journal this week.
“What don’t you do want Paying stupid prices for Things because then you regret them.”
Ratcliffe who You want the 69% stake held by the Glazer family in his interest, he said in It will be pure United in Winning stuff,” you recall club a “community asset. “
Not very popular with supporters since they saddle up club with debt in 790 million Egyptian pounds in 2005, Glazer appeared ready cash out With a huge profit when they invited foreign investment in November.
However, they can avoid option of Sell a controlling stake in the club and with other interested parties in minority contribution.
Initial offers from first round of bidding last month thinks it was worth About 4.5 billion pounds.
This would go beyond the Premier League record of 2.5 billion pounds paid for Chelsea last year by a consortium led by LA Dodgers co-owner Todd Bohle and private Clearlake Capital stock company, with He promised another 1.75 billion pounds in investment in infrastructure and players.
Bidders are expected to hear from United next week, with last round of Bidding continues in play.
if one Try to forward a lot of Others, it can be chosen to enter into a period of exclusivity, allowing for further negotiations in the future of a final sale.
The State of Qatar eyes Premier League Centre
Ratcliffe visited Old Trafford last Friday along with INEOS representatives, the day after the delegation of Sheikh Jassim group He toured the club’s stadium and training ground for a decade more conversations as part of Due diligence.
Just months after hosting the 2022 FIFA World Cup, the Qatari bid has been a success give Pride of the Gulf State of place in Premier League – the world’s most watched locally competition.
But she will also be controversial.
Sheikh Jassim is son of former Qatari prime minister Sheikh Hamad bin Jassim bin Jaber Al Thani. His close links to the ruling elite in the Gulf state will raise questions over Another Premier League club become subsidized by the state project.
Premier League champions Manchester City’s fortunes have changed since the takeover of Sheikh Mansour, one of the members of Abu Dhabi family rule f in 2008.
In 2021, the Saudi sovereign wealth fund bought a controlling stake in Newcastle.
Amnesty International has contacted on Premier League to tighten ownership rules to ensure They’re not a chance for more Sweating with sports.”
United, three times European championsyou did not won Premier League since legendary boss Alex Ferguson led them to their 20th English title in for him final season before retirement in 2013.
But they were enjoying a renaissance under the management of Erik ten Hag this season and they came to an end six-year trophy Drought lifted the League Cup last Month.