Bids grow for the purchase of Manchester United

He Manchester Utd received a second offer from the Qatari sheikh Jassim Bin Hamad Al Thani, elder brother of the emir of Qatar, to buy the Old Trafford club, as reported by the British news agency PA.

the sheikh Jassim Al Thanipresident of the Qatar Islamic Bank, presented his new offer overnight. A source close to the bid says the Qataris remain confident of completing the acquisition despite rival interest from Jim Ratcliffe and the Finnish businessman Thomas Zilliacus.

Jassim Bin Hamad Al Thani.

The deadline for submitting offers had been set for last Wednesday, but it was extended. The first round of offers took place last month and it was reported that there are up to eight different potential investors. No figures have been disclosed, but one or more of the initial offers were around 5 thousand 100 million euros.

the american family glazer acquired the club in 2005 for 750 million euros in a highly leveraged transaction. After a controversial tenure, they announced last year that they were looking at “strategic alternatives” that could include a sale.

ratcliffewho made an unsuccessful bid to buy Chelsea in 2022 and already owns the Nice, visited Old Trafford last week. In addition, he was born in Manchester and has been a United fan since he was a child; he is one of the richest people in Britain, with an estimated personal fortune of €6.8 billion.

Sheikh Jassim Al Thani stated that his interest is a private initiative through his Nine Two Foundation and it is not related to the Qatari state. Their representatives also visited Old Trafford last week for talks, which were seen as positive and constructive.

Businessman zilliacus confirmed earlier in the week that it had also submitted an offer. Finn, founder and president of the investment company Mobile Future Workswants to buy United in a 50-50 partnership with its fans, who will have a say in the Premier League club’s decision-making process.

Little to nothing is known so far about other possible bidders, although it has been reported that the US hedge fund Elliott Management has made a proposal that would involve offering financing to new bidders or to the Glazers.

(With information from Europe Press)