A second Qatari bid for Manchester United is set to be made amid growing confidence the Glazer family are willing to sell the club.
Qatari Islamic Bank chairman Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani and INEOS CEO and Britain's richest man Sir Jim Ratcliffe are the two favourites to buy the Red Devils. Representatives from both parties recently visited the club in what was a concrete showing of interest in United.
United were put up for sale by the Glazer Family in November, with several reports also claiming the American owners were looking for offers of around £4billion to sell the club. And a potential deal may have moved one step closer as another bid from the Middle East is expected to come in imminently.
Read More: Second bids for Man Utd coming next week – and Sheikh Jassim 'willing to overpay'
Reports from Sky Sports understand Sheikh Jassim had told his advisors to start preparing a new bid for the 20-time Premier League winners. It is also understood a new offer will be tabled within the next 36 hours. There is even more confidence from potential bidders that the Glazers are willing to sell the club.
They bought their first shares in the club in 2003, but took full control of the club in 2005, financing the £790m purchase primarily through loans secured against assets of the club. But their premiership at the club could soon come to an end as Sheikh Jassim is extremely keen on a complete takeover.
Who do you think will take over Manchester United? Let us know in the comments section below
Sky Sports also claimed the Qatari supremo is willing to “overpay” in order to win the auction. His representatives were also seen visiting the club on Thursday, only for Ratcliffe and his associates to arrange their own meeting 24 hours later.
A US insider said: "All the numbers people from the bidders will be working out the real value of the club over the next few days. They will be making second bids.
“The reality is their first bids were just indicative. In this process, the second bids next week are really the first serious bids." Sheikh Jassim is part of the Qatari royal family which boasts an eye popping combined net worth understood to be in the region of £275bn.
Ratcliffe, 70, boasts his own £20bn wealth as the CEO of INEOS Group Limited, who also own Ligue 1 giants Nice. However, as reported by the Sun, the possibility of the Glazers retaining their ownership of the club and instead joining forces with a huge investor is not off the table just yet.
Seven biggest meltdowns from football teams after Fulham's three red cards in 60 seconds
'Mitrovic deserves 10-game ban for shoving ref – we can't have this in football'
Fans fume at Bruno Fernandes escaping red for shoving official unlike Aleksandar Mitrovic
Fans fear 'heart attack' at prospect of first-ever Manchester derby FA Cup final
Furious Marco Silva was seething in interview that ITV cut off after Fulham meltdown
Source: Read Full Article
Liverpool star Curtis Jones snaps back at fan after ‘nanny’s carpet’ dig
Spurs star hits back after Premier League rivals mock him over goal celebrations
Real Madrid target Kane in £100MILLION race for his signature
Man Utd boss Erik ten Hag has found his next No 7 despite Man City defeat
Julian Nagelsmann holds talks over becoming the new Napoli manager