MX23RW : Friday, May 17 22:56:41| >> :120:14572:14572:

Sheikh Jassim bin Hamad Al Thani 'in pole position to buy Manchester United'

Sheikh Jassim 'in pole position to buy Manchester United'
© Reuters
Sheikh Jassim bin Hamad Al Thani is reportedly leading the race to buy Manchester United from the Glazer family.

Sheikh Jassim bin Hamad Al Thani is reportedly in pole position to complete a takeover of Manchester United.

The Glazer family set a soft deadline of Friday February 17 for interested parties to submit takeover bids for the 20-time English champions.

Sheikh Jassim and Sir Jim Ratcliffe publicly stated that they had tabled offers ahead of the deadline set by the Raine Group, who are handling the takeover process on the Glazer's behalf.

In February, Sheikh Jassim released a statement confirming his bid, saying: "The bid plans to return the club to its former glories both on and off the pitch, and - above all - will seek to place the fans at the heart of Manchester United Football Club once more.

"The bid will be completely debt free via Sheikh Jassim's Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the club supports."

Ineos chairman Sir Jim Ratcliffe arrives for the annual Red Cross Gala in Monte Carlo on July 18, 2022© Reuters

A recent report claimed that both Sheikh Jassim and Ratcliffe have progressed to the second round of the takeover process.

Although the pair have made it through to the next stage, it is believed that their offers fell below the £6bn asking price.

Despite failing to meet the Glazer's valuation, both parties will now engage in further talks with the Raine Group about a potential takeover.

According to RMC Sport, Sheikh Jassim appears to have the edge over Ratcliffe and is in pole position to buy the Premier League giants.

The Qatari offer would rid the club of its debt without the need for a loan, which is something Ratcliffe is unwilling to do.

Manchester United co-owner Avram Glazer and club CEO Richard Arnold on February 26, 2023© Reuters

The report claims that Erik ten Hag's job would be safe if the Qatari-backed bid is successful, while transfer plans are already being drawn up.

If any of the takeovers bids move past the scheduled talks then they will be given access to Man United's financial accounts and legal data.

The Glazer family are reportedly split on a possible sale, with Avram Glazer and Joel Glazer reluctant to cede control of the club, while four of their family members are keen to profit from their initial investment.

A separate report from ESPN claims that the club's staff have been told that there will be "clarity" on the ownership situation by the end of the season.

Meanwhile, on the pitch, Man United will be aiming to bounce back from Sunday's demoralising 7-0 defeat to bitter rivals Liverpool when they face Real Betis in the first leg of their Europa League last-16 tie on Thursday.

ID:508355:1false2false3false:QQ:: from db desktop :LenBod:collect5670:

Manchester United takeover - Click here for more stories

Click here for more stories about Jassim bin Hamad Al Thani

Click here for more stories about Manchester United

Collect / Create New Data
Share this article now:
Jim Ratcliffe pictured in September 2021
Read Next:
Ratcliffe 'refusing to match Sheikh Jassim promise to wipe out Man United debts'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free daily transfer newsletter! Sent twice a day during the transfer window.
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Manchester CityMan City37277393336088
2Arsenal37275589286186
3Liverpool372310484414379
4Aston Villa37208976562068
5Tottenham HotspurSpurs371961271611063
6Chelsea371791175621360
7Newcastle UnitedNewcastle371761481602157
8Manchester UnitedMan Utd37176145558-357
9West Ham UnitedWest Ham371410135971-1252
10Brighton & Hove AlbionBrighton371212135560-548
11Bournemouth37139155365-1248
12Crystal Palace371210155258-646
13Wolverhampton WanderersWolves37137175063-1346
14Fulham37128175159-844
15Everton37139153949-1040
16Brentford37109185461-739
17Nottingham ForestNott'm Forest3789204766-1929
18Luton TownLuton3768235081-3126
RBurnley3759234076-3624
RSheffield UnitedSheff Utd37372735101-6616


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!