Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Minority Vote Against All 7 New Justices To Supreme Court
    • 12-year-old boy hanged naked & tortured
    • Schoolgirl Dies While Visiting Kasia Boyfriend
    • Newly Appointed MCE Dead
    • Mahama Pushes For July 1 Holiday
    • James Kofi Annan ordered to stop calling himself Dr.
    • Actress Kulsoume Sinare Appointed Ambassador
    • Galamsey Sites Under Full Attack
    Facebook X (Twitter) Instagram YouTube
    InsightNewsgh.ComInsightNewsgh.Com
    • Home
    • News
    • Business
    • Entertainment
    • Politics
    • Sports
    InsightNewsgh.ComInsightNewsgh.Com
    Home»Sports»BREAKING NEWS: Sheikh Jassim withdraws interest in buying Manchester United
    Sports

    BREAKING NEWS: Sheikh Jassim withdraws interest in buying Manchester United

    Insight NewsBy Insight NewsOctober 14, 2023No Comments3 Mins Read
    Man United Takeover: Sheikh Jassim Frustrated And Fed Up With Bidding Process
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Qatari consortium led by Sheikh Jassim bin Hamad Al Thani has reportedly withdraw from the bidding for Manchester United.

    According to Fabrizio Romano, Sheikh Jassim has informed Manchester United’s American owners that he plans to rescind his offer to purchase the team after his most recent offer was turned down.

    Sheikh Jassim made a fresh offer to the Glazers to purchase 100% of the club, but they turned it down. He now appears ready to abandon the deal.

    In a process that has taken nearly a year, the Qatari consortium has been one of the front-runners to buy the club.

    Sir Jim Ratcliffe, a British billionaire, and his INEOS group have been United’s main competitors for ownership.

    🚨 EXCLUSIVE: Sheikh Jassim has had further discussions with Glazers family to buy 100% of Manchester United.

    Sheikh Jassim’s bid proposition has been rejected again by Glazers family.

    As a result — Sheikh Jassim informed Glazers that he’s ready to withdraw from the process. pic.twitter.com/gmufiWC4Uc

    — Fabrizio Romano (@FabrizioRomano) October 14, 2023

    More to follow soon

    Sheikh Jassim Frustrations

    Months ago,Ā  it was reported that Sheikh Jassim bin Hamad Al Thani of Qataris was frustrated and fed up with the bidding process over the Manchester United sale.

    It’s been a year since the Glazers announced that they were open to selling Manchester United after 17-years.

    However, the two main potential runners to takeover from Glazers that’s Sir Jim Radcliffe and Sheikh Jassim are yet to hear from the owners.

    Sheikh Jassim Bin Hamad Al Thani is believed to have offered Manchester United a fifth, improved bid.

    Sheikh Jassim and Sir Jim Ratcliffe both publicly acknowledged initial offers in February, and the latter is believed to have made a fifth offer this week to buy United.

    The offer for 100% of the club is still on the table, and those involved in Sheikh Jassim’s bid have said this will be the last offer.

    This latest offer follows what was referred to as a ā€œfinal offerā€ in late April, according to Sky News, who also understands that Sheikh Jassim’s bid team won’t participate in the process after Friday.

    Sheikh Jassim thinks his offer is fiercely competitive and will be extremely advantageous for Manchester United, clearing nearly Ā£1 billion in debt and creating a separate fund to renovate Old Trafford, the neighborhood, and the team’s Carrington training facility.

    Although INEOS values United higher than Sheik Jassim’s offer, it is not for the entire club and would allow the Glazers to keep a 20% ownership stake. In May, United’s share price dropped to $18.80 on the NYSE, giving the team a $3.09 billion (Ā£2.47 billion) market cap.

    ā€œI’ve spoken to someone involved in the process and they didn’t pull any punches. They said Sheik Jassim is frustrated as the transfer window opens in two weeks’ time. They feel this process has been become a joke.ā€ Kaveh Solhekol, Sky Sports News chief reporter said.

    Manchester United Manchester United Sale
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Insight News
    • Website

    INSIGHTNEWSGH seeks to give readers balanced, credible and neutral news from across Ghana and the world. We cover News, Politics, Business, Entertainment, Sports, among others.

    Related Posts

    Kotoko Players ā€˜Jakpa’ In America

    October 14, 2024

    Ultimate Fan Experience: Touring the UK’s Premier Football Stadiums

    August 23, 2024

    NATO: Everything To Know

    June 29, 2024

    Comments are closed.

    ADVERTISEMENT
    Health Tips
    LATEST STORIES

    Minority Vote Against All 7 New Justices To Supreme Court

    June 25, 2025

    12-year-old boy hanged naked & tortured

    June 25, 2025

    Schoolgirl Dies While Visiting Kasia Boyfriend

    June 25, 2025

    Newly Appointed MCE Dead

    June 25, 2025

    Mahama Pushes For July 1 Holiday

    June 25, 2025
    POPULAR

    Minority Vote Against All 7 New Justices To Supreme Court

    June 25, 2025

    12-year-old boy hanged naked & tortured

    June 25, 2025

    Schoolgirl Dies While Visiting Kasia Boyfriend

    June 25, 2025

    Newly Appointed MCE Dead

    June 25, 2025

    Mahama Pushes For July 1 Holiday

    June 25, 2025
    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    • Buy Adspace
    • Buy Adspace
    • Hide Ads for Premium Members
    © 2025 Insight News GH.

    Type above and press Enter to search. Press Esc to cancel.