Qatari sheikh will submit third offer for Man United as new deadline approaches, sources say
Posted : 28 April 2023
Despite worries that the Glazer Family, who now control Manchester United, are adamant about staying, sources told reporters that Sheikh Jassim bin Hamad Al-Thani would make another offer to purchase the club on Friday and is still optimistic it will be accepted..
Before selecting a preferred bidder to begin an exclusivity period, Raine Group, the merchant bank managing the process for the Glazers, expects a third round of bids on Friday.
Sheikh Jassim, funded by Qatar, and INEOS, led by British billionaire Sir Jim Ratcliffe, will each make new offers, while organizations looking to acquire a minority position, such as Elliott Management, Ares Management Corporation, Sixth Street, and Carlyle, will also make submissions.