Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani have presented their final offers for the purchase of Manchester United. They had until 22:00 on Friday to present their third and final offer and they did so by the deadline.
The Glazers want 6 billion pounds to sell the club under their ownership, but the proposed sums do not reach this figure. In the coming days, they will decide whether or not to sell this English club after reviewing these two offers and also considering possible offers from investors such as the Carlyle Group who are interested in buying a minority stake in Manchester United.
QIB chairman Sheikh Jassim still wants a 100% stake in United, but feels the club is worth less than the Glazers want. For this reason, the offer of the son of the former prime minister of Qatar is almost 1 billion less than the asking price of the American family and reaches about 5 billion pounds. In addition, Sheikh Jassim has promised a significant investment for the renovation of Old Trafford or the construction of a new stadium, as well as the renovation of the Carrington training camp.
Ratcliffe, the founder of the petrochemical company INEOS, is also likely to buy more than 50% of the shares of the Red Devils and allow the Glazer brothers to participate in this club as a minority shareholder (20%). As one of Britain’s richest men, Ratcliffe may have to take out a loan to complete the deal.