Sheikh Jassim's staggering bid for Manchester United rocks football world
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Sheikh Jassim's staggering bid for Manchester United rocks football world

The Qatari banker Sheikh Jassim bin Hamad Al Thani makes an audacious $6.2 billion move to acquire Manchester United.

On April 28, Sheikh Jasim and British billionaire Jim Ratcliffe made their final and third offers to purchase the club. the latter's fresh offer is reportedly over GBP 5 billion ($6.2 billion) and promises significant additional funding for transfers and infrastructure, including either redeveloping the club's Old Trafford stadium or building a new ground, along with overhauling the club's training facilities. His bid also promises to erase United's $620 million debt.

On the other hand, Ratcliffe, a boyhood United fan who failed in his attempt to buy Chelsea last year, reportedly wants to purchase a controlling stake in United of more than 50%. That would allow United's executive co-chairmen Joel and Avram Glazer to remain as shareholders with a 20% stake, which has raised concerns among a fanbase tired of the Americans' controversial reign.

The Manchester United Supporters' Trust (MUST) has urged for a quick resolution to the process of bringing in new owners before the summer transfer window. The group believes that new investment is necessary, which can only be achieved through a change in ownership. In solidarity with United fans across the globe, MUST has demanded a prompt conclusion to this process. In response to the fans' frustration, there are reports of a possible protest against the Glazers before the team's game against Aston Villa at Old Trafford on April 30.

Source - NDTV Sports


England, Premier League