Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe have more to submit offers to buy Manchester United after Wednesday’s deadline for the club’s second-round bids has been extended I have time for
United’s only two bidders to publish their interest must submit their bids for the second round by the deadline of 9:00 pm (5:00 pm ET) on Wednesday in the UK. I did.
Several other investment proposals were submitted before the deadline.
US hedge fund Elliott Investment Management has publicly declared its interest in financing the acquisition. They suggest the possibility of funding the Glazer family in case they don’t sell the club.
Initial bids from Sheikh Jassim and Sir Jim Ratcliffe are thought to have surpassed £5 billion ($6.14 billion) for United by the ‘soft’ deadline for the first round on 17 February. not
A delegation representing Sheikh Jassim visited Old Trafford last Thursday and United opened its doors for potential buyers to investigate a senior official from the club’s hierarchy.
The son of a former prime minister and chairman of Qatar Bank QIB, the Qatari royal family is said to be a lifelong Manchester United fan. Although he did not attend the meeting, the party included Shahzad Shahbaz, president of Sheikh Jassim’s Nine-Two Foundation, and his most senior personal adviser, Fadi Bajoz.
Ratcliffe, owner and founder of petrochemical giant INEOS, was in person on Friday and got a glimpse inside the walls of the club, joining his most trusted aide in Manchester.
Sir David Brailsford, a former British Cycling executive and now INEOS Sporting Director, joined Ratcliffe at Old Trafford before joining the club’s Carrington training base.
Both parties were encouraged to make a second offer to the club as they considered taking over the reins from the Glazer family, who admitted in November that they were willing to sell United. No warranty.
Deeper
United takeover: Sheikh Jassim was at Red Knights talks over a decade ago
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