MX23RW : Thursday, November 7 16:37:07| >> :120:4838:4838:

Sheikh Jassim bin Hamad Al Thani 'preparing second bid for Manchester United'

Sheikh Jassim 'preparing second bid for Manchester United'
© Reuters
Sheikh Jassim bin Hamad Al Thani prepares to make a second offer for Manchester United, according to a report.

Sheikh Jassim bin Hamad Al Thani is reportedly preparing to make a second offer for Manchester United.

The Qatari banker has already submitted one bid for the 20-time English champions, which is believed to have been in the region of £4.5bn, short of the valuation set by the club's current owners the Glazers.

There had been suggestions in recent says that Sheikh Jassim was considering walking away from the deal, with the Glazer family showing no signs of being willing to drop their valuation.

However, according to Sky Sports News, the businessman is set to make a fresh offer for the Red Devils within the next 10 days.

The report claims that Sheikh Jassim's representatives visited Old Trafford and the Carrington training complex on Thursday to discuss a possible acquisition of the club.

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

Sheikh Jassim was allegedly not present in Manchester, with the Qatari instead sending a delegation from London to meet with senior officials from Man United.

Experts in finance, banking, property and law were said to be present, with the banker serous about purchasing the 20-time English champions despite recent reports that he was having second thoughts.

"Sheikh Jassim made a bid before the soft deadline a month ago. The Glazer family liked that offer enough to say they would go through to the second stage of the process," said reporter Kaveh Solhekol.

"Sheikh Jassim's representatives have now been to the club's training ground to meet some of the senior executives and to have a look at what they would actually be buying."

General view inside Old Trafford before the match on January 10, 2022© Reuters

Man United bidders, which also include Sir Jim Ratcliffe, have allegedly been told that they have 10 days to submit new offers for the club.

Ratcliffe is expected to be in Manchester alongside his team on Friday for discussions, but the British billionaire is now believed to be behind Sheikh Jassim in the pecking order.

While the Qatari wants a full purchase of the club, it is believed that Ratcliffe is only looking to take on the 69% currently owned by the Glazer family.

Raine Group are working for the Glazers on the sale, and the prospective new offers will be directed to the US bank, with a deal potentially going through before the start of June.

A number of other parties are believed to be keeping a close eye on the developments, although Sheikh Jassim and Ratcliffe are the clear frontrunners at this stage of proceedings.

ID:509195:1false2false3false:QQ:: from db desktop :LenBod:collect4446:

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:
Ineos chairman Sir Jim Ratcliffe arrives for the annual Red Cross Gala in Monte Carlo on July 18, 2022
Read Next:
Ratcliffe 'confident of completing Manchester United takeover'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool108111961325
2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133


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!