Home » Sheikh Jassim’s second bid for Manchester United set to blow Sir Jim Ratcliffe away

Sheikh Jassim’s second bid for Manchester United set to blow Sir Jim Ratcliffe away

by Derick Kinoti

Sheikh Jassim bin Hamad Al-Thani is set to increase his offer to buy Manchester United up to £5.5b, according to a new report.

According to The Mirror, the determined Sheikh Jassim will do this so as to blow his main competitor, Sir Jim Ratcliffe out of the water and emerge victorious in his efforts to take over the reins at Old Trafford.

The Peoples Person reported last week that following talks with senior United officials, Sheikh Jassim is prepared to “overpay” for United and his second proposal will be closer to the Glazers’ asking price.

Ratcliffe on the other hand gave an interview to the Wall Street Journal where he declared he would walk away from the takeover process if the price is not right.

The Mirror indicates, “United owners the Glazers have set a deadline of 9pm on Wednesday for prospective new owners to submit revised bids for the world’s biggest football club. While Ratcliffe is also understood to have increased his bid for United, he is not thought to have gone as high as £5.5bn, which could see the Qataris secure the sale.”

The Mirror’s report is backed by Sky Sports, who detail that ahead of the Wednesday deadline tomorrow, other prospective buyers are also expected to submit their offerings.

Sky says, “More than five bids will be made for Manchester United before Wednesday evening’s deadline for second offers – and there could be as many as eight.

“Based on the level of first-round bids, there are no favourites at the moment, although one could emerge after Wednesday’s deadline.”

Sky warns that if the Glazers are not satisfied with the level of bids, they will turn to minority investments.

The outlet thinks that recent performances and a new strategy has made staying at the club a more attractive option.

As per The Daily Mail’s Mike Keegan, should one of the expected bids arrive, United will be sold for a world record fee.

“Officials are confident that offers of more than £5bn will be forthcoming ahead of Wednesday’s deadline, which would eclipse the $4.65bn paid for the NFL’s Denver Broncos last year,” he said.

Keegan adds that those close to the process believe another round of bids may be required before a final buyer is chosen. Easter will be decision time.


Follow The Peoples Person on Twitter or Instagram for all the latest news as it happens and to join in the conversation.

Latest Top Stories...