The owners of Premier League giants Manchester United have not been a hot favorite among the club’s fans. The Glazers have had their critics over the years. The U.S.-based owners have done their fair share to embark upon the issues at the club.
With the recent takeover rumors of Manchester United, Qatar-based Sheikh Jassim was hosted as the favorite to take the thorn. However, the negotiations didn’t quite turn out fruitful between him and the current United owners, the Glazers.
As per the reports, Sheikh Jassim made his feelings known after withdrawing his bid to buy out the Red Devils. Reports suggest that the Qatari Sheikh believes that he would have been the perfect man for the club. Claims by the report inflict that his bid was fully cash-bound and that he would have cleared all the previous debts of the club.
🔴 Sheikh Jassim believes he would have been the dream owner for Man United.
Fully cash bid, clearing all old debt, with zero new debt, for 100% of the club.
He is the only bidder who has offered to buy 100% of Manchester United.
🇶🇦 Investment package was worth more than $8B. pic.twitter.com/XaWsLkQLTL
— Fabrizio Romano (@FabrizioRomano) October 15, 2023
According to the reports, Sheikh Jassim is the only one till now who has proposed to acquire Manchester United completely. His investment deal was reportedly around $8 billion. It can be inferred from the above reports that if this Qatar-based takeover of United had gone through the door, the finances of the club would have adequately benefited.
Sheikh Jassim’s involvement in the bids for the Old Trafford-based side has been prolonged over eight or nine months. The Qatari Shiekh, in the first part of 2023, boosted a world-record bid to buy the Red Devils. He was given competition by Sir Jim Ratcliffe, who is a British billionaire.
Ever since the Glazers confirmed their openness to selling the club in November 2022, they have been attracting interest. However, the United owners also attributed this to the fact that they would entertain new investment proposals as alternatives as well.
As Sheikh Jassim withdraws interest in Manchester United takeover, Sir Jim Ratcliffe gets the upper hand
The incident of Sheikh Jassim withdrawing his bid for the takeover of the Red Devils has landed Sir Jim Ratcliffe an upper hand. Reports claim that the British billionaire is close to acquiring a stake in United, worth close to 25 percent.
If this goes through the door, it can be understood that it would only be a purchase of a stake in the club. On the other hand, the offers that the owners received from Sheikh Jassim persisted to the entire takeover of Premier League side Manchester United.
The Red Devil’s owners opted to ignore some of the highest bids in the last couple of months. But if they agree to the stake deal with Sir Jim Ratcliffe, it might send out a demented message. How fans would interpret the whole saga would be an interesting one to find out.