- Sheikh Jassim made a £5bn bid for a complete takeover of Manchester United.
- Sir Jim Ratcliffe proposed a deal that allows the Glazers to retain around 31% of the club.
- The Glazer family’s decision remains pending, causing concern among potential buyers.
- Manchester United legend Gary Neville has criticized the Glazers for the delay and lack of communication.
Doha’s influential Sheikh Jassim Bin Hamad Al Thani continues to wait for a response after offering a whopping £5bn to take over Manchester United. Despite making this debt-free offer on June 7, the Glazer family, the American owners of the club, have yet to make a definitive decision. Sheikh Jassim’s offer would mean a complete takeover of the iconic football club.
Rival Bidder Offers Different Deal
Sir Jim Ratcliffe, a British billionaire and owner of the INEOS chemicals group, has also expressed his interest in the club. Unlike the Qatari bid, Ratcliffe’s proposal would allow the Glazers to retain a minority stake in the club, with his offer covering approximately 69% of the club’s ownership.
Glazers’ Intentions Remain Unclear
Having announced the availability of Manchester United for sale last November, the Glazer family’s intentions remain in mystery. While some family members appear open to selling, others, specifically Joel and Avram Glazer, are reportedly considering buying out their siblings to retain control.
Manchester United legend Gary Neville didn’t mince his words, criticizing the Glazers for the protracted process, terming it “embarrassing.” He conveyed his disappointment with the ownership, emphasizing that fans deserve more transparent communication.
Next Steps Uncertain
Sheikh Jassim remains hopeful yet concerned. A source near his camp mentioned, “The next steps are up to the sellers and all we can do is wait.” As August nears its end, patience may wear thin, and the Qatari interest might wane if the Glazers continue their silence.