Sheikh Jassim bin Hamas Al Thani of Qataris reported to be frustrated and fed up with the bidding process over the Manchester United sale.
It’s been 7 months 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.
This week, 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 “final offer” 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 £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 (£2.47 billion) market cap.
“I’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.” Kaveh Solhekol, Sky Sports News chief reporter said.
🚨🚨🎙️| Sheikh Jassim is frustrated and fed up with the bidding process for #mufc: ''This has become a joke.'' [@SkyKaveh]
pic.twitter.com/U5fIEhczJ4— centredevils. (@centredevils) June 7, 2023
