Manchester United News:-
Last night, social media was abuzz with rumors that Sheikh Jassim bin Hamad Al Thani’s bid for Manchester United was gaining traction. The Qatari banker submitted his fifth offer for the club last week, with Sir Jim Ratcliffe being the preferred bidder prior to that.
It is worth noting that the two bids are vastly different. Sheikh Jassim’s Qatari consortium is proposing a complete takeover of Manchester United, while Sir Jim Ratcliffe and INEOS are seeking a controlling stake.
According to Al-Watan, a Qatari media outlet owned by Sheikh Jassim’s father and former Prime Minister Jassim bin Jaber Al Thani, an announcement regarding a deal with the Glazer family, Manchester United’s current owners, is expected soon. The Mirror cited Al-Watan’s tweet on Monday night.
Manchester United is one of the most valuable football clubs globally, with a massive following worldwide and a rich history of success in both domestic and international competitions.
The Glazer family took ownership of the club in a controversial leveraged buyout in 2005. Fans have long accused the family of prioritizing profit over on-field performance and failing to invest adequately in the club’s infrastructure and player recruitment.
Sheikh Jassim’s Qatari consortium’s potential acquisition of Manchester United offers hope for disillusioned fans. However, any deal would need regulatory approval, including from the Premier League, and it is unclear whether the Glazer family is willing to sell the club.
Until an official announcement is made, fans and football enthusiasts alike will continue to speculate on the future of Manchester United and the potential implications of a takeover by Sheikh Jassim’s Qatari consortium or any other bidder.
— جريدة الوطن (@al_watanQatar) June 12, 2023
It appears that the Glazer family has managed to secure the offer they desired from Qatar. Despite the prolonged process, the end of the Glazer’s ownership of Manchester United may be nearing.
It remains to be seen whether Sheikh Jassim has overtaken Sir Jim Ratcliffe or if the latter has any surprises in store.
However, it is wise to exercise caution in accepting information solely from Qatari media outlets at this time. Only time will reveal the true outcome of the bid.