Qatar’s Sheikh Jassim bin Hamad bin Jaber al-Thani has submitted a fifth and final offer to takeover Manchester United.
The Qatari approach has been one of the leading candidates to takeover at Manchester United after the process began, but the latest developments suggest that Sheikh Jassim might have lost out to Sir Jim Ratcliffe in the initial bidding.
Each submitted final proposals ahead of the April 28th deadline, before Sheikh Jassim raised his offer with a fourth approach last month.
The consortium from Qatar has now made a fifth last-ditch attempt to takeover at Old Trafford and, according to The Times, will withdraw their interest if it is not accepted on Friday.
As with previous offers, the Qatari bid is for full control of the club. Ratcliffe and his petrochemicals firm, Ineos, have entered the final stages of negotiations with The Raine Group, the New York bank handling the sale, and had hoped to conclude a deal as soon as possible.
The British billionaire’s offer had proposed that Joel and Avram Glazer – two of the six siblings who own the Red Devils – could retain a stake in the Premier League side. There has since been talk of all six Glazer siblings retaining some form of stake at Old Trafford.