The long-awaited improved bid for Manchester United from Qatar has finally been submitted.
It has been a messy few days regarding the Manchester United takeover, with the investment bank overseeing the sale – The Raine Group – having set a soft deadline for improved bids for Wednesday evening.
There were claims that at least five bidders had submitted their offers before the 9pm deadline, including Qatar’s Sheikh Jassim bin Hamad al-Thani and Ineos’ Sir Jim Ratcliffe, though it later transpired that the two frontrunners had been granted an extension.
Sir Jim Ratcliffe eventually submitted his improved offer on Thursday evening, though as of Friday evening, there was still no word on the bid from Qatar.
However, according to the Mail – who have led on a number of stories regarding the Qatari interest – that bid was finally made overnight.
They claim that the delay ‘did little to boost the chances of the Qatar group’ but was due to ‘the finer details being ironed out’.
The report doesn’t specify the value of the bid, but says it was expected to be in a similar region to Sir Jim Ratcliffe’s bid which was worth around £5bn.
Meanwhile, the Telegraph say that sources close to the Qatari bid are ‘very confident’ that their offer is the most attractive. though there is said to be ‘concern’ among the bidders about the Glazers’ willingness to sell given their £6bn valuation which is described as ‘unrealistic’.
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