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Manchester United ownership saga: breakdown in Sheikh Jassim’s bid

Qatari banker Sheikh Jassim bin Hamad Al Thani has exited the process of purchasing Manchester United, the press has been told.

Qatari banker Sheikh Jassim bin Hamad Al Thani has exited the process of purchasing Manchester United, the press has been told.

The Sheikh Jassim Bid

In the dynamic landscape of Manchester United’s ownership, Sheikh Jassim’s £5 billion bid for the club had raised eyebrows. However, recent discussions have hit an impasse, with talks breaking down.

The Glazer Family’s Consideration

The Glazer family, who took over Manchester United for £790 million in 2005, had announced in November 2022 that they were exploring the possibility of selling the club, triggering speculation about its future.

Ineos Group’s Role

British businessman Sir Jim Ratcliffe’s Ineos Group emerged as a significant contender in the bidding process, offering another potential path for the club’s ownership. However, recent developments suggest a shift in strategy.

Ratcliffe’s New Approach

Sources have revealed that Sir Jim Ratcliffe may be pivoting towards acquiring a minority stake in the club, estimated at approximately 25%. This change in approach is seen as a way to break the impasse in the ongoing ownership negotiations.

Limited Options: Two Offers Emerge

Despite the initial flurry of interest following the Glazer family’s announcement, only two substantial offers materialized – one from Ineos and the other from Sheikh Jassim.

As the drama surrounding Manchester United’s ownership continues to unfold, the club’s future remains uncertain, with potential developments on the horizon. 

The Glazer family’s ongoing deliberations continue to be closely watched, making this an intriguing chapter in the club’s history.

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