Sheikh Jassim withdraws bid to buy Manchester United

Sheikh Jassim withdraws bid to buy Manchester United

Jim Ratcliffe is close to agreeing a deal to buy 25 per cent of Manchester United after Qatari businessman Sheikh Jassim bin Hamad al Thani withdrew from the bidding process.

Qatari businessman Jassim bin Hamad Al Thani has withdrawn his bid to buy Manchester United Football Club from its current owners, the Glazer family.

In the past few days, Jassim, the chairman of a Qatari bank and son of a former Qatari prime minister, held discussions with the American owners, but the two sides failed to reach an agreement on the valuation of the UK-based club.

Sheikh Jassim is understood to have raised his offer in June but it was not satisfactory for the Glazers despite being far more than the club’s $3.3bn valuation on the New York Stock Exchange.

The difference between the parties is over the valuation – which still leaves open the possibility of Sheikh Jassim being enticed back into the protracted process – as protests against the Glazers continue.

Anger against the ownership has simmered and grown as United have started the season by losing four of their opening eight Premier League games to sit 10th in the table.

The other proposal is to buy around 25 per cent of the club by petrochemicals billionaire Sir Jim, who has said he has been a fan of the club since childhood, which now looks close to being agreed.

2023-12-PBKenya-WheelOfFortune-Website-300x600
FreePredictionsTournament
WheelOfFortune
FreePredictionsTournament-Round7
99KES
Super12Jackpot
500%ComboBonus
Cashback
EarlyPayout
previous arrow
next arrow
2023-12-PBKenya-WheelOfFortune-Website-300x600
50FreeSpins
PBKenya-BingoGames-CTInteractive
PBKenya-LiveCasinoEzugi
WheelOfFortune
2024-01-PBKenya-50FreeSpins-WEB-300x600
2024-02-PBKenya-BingoGames-CTInteractive-WEB-300x600
2024-02-PBKenya-LiveCasinoEzugi-WEB-300x600
JetX
3LevelCasinoJackpot
Cashback
previous arrow
next arrow

Related Posts

BEATRICE_CHEPKOECH
World 3000m Steeplechase record holder Beatrice Chepkoech has predicted a bright future for herself this season after winning her first
citypool_
In a thrilling match at Anfield, Liverpool and Manchester City played to a draw, leaving Arsenal at the top of
TEAM_KENYA
Sports and Youth Affairs Cabinet Secretary Ababu Namwamba presided over the flagging-off ceremony for Team Kenya, set to represent the