The Qatari bidders hoping to takeover at Manchester United are now ‘increasingly uncertain’ if the Glazers will actually sell the club.
Sheikh Jassim bin Hamad al-Thani has been one of the frontrunners in the race to succeed the Glazer family in power at the Premier League club and has submitted five offers to the American ownership.
The fifth and final offer was for a fee in the region of £6bn and was viewed as a take-it-or-leave-it price.
According to The Guardian, there has been no response to the offer despite it being submitted four weeks ago and Sheikh Jassim is now ‘increasingly uncertain’ whether the Glazers will sanction a sale.
There is understood to have been ‘no concrete communication’ between the Qataris and the Raine Group – the US bank tasked with handling any potential sale – regarding the fifth bid. Sheikh Jassim’s offer is for 100% of the Red Devils, with the lead competition having come from British billionaire Sir Jim Ratcliffe.
Ratcliffe – co-owner and founder of Ineos – has proposed an offer for a controlling stake of just over 50%, with the current ownership retaining a minority stake as an investment.
The continued uncertainty has impacted the transfer plans of Erik ten Hag at Manchester United this summer, who is working on a restricted budget as a result of Financial Fair Play rules and the takeover situation.
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