Sources said Sheikh Jassim’s bid for 100 percent control of the club comes with the promise of significant additional funding for transfers and infrastructure
Representational image. Pic/iStock
Qatari banker Sheikh Jassim bin Hamad Al Thani and British billionaire Jim Ratcliffe made their third and final offers to buy Manchester United on Friday. Sheikh Jassim is in a bidding war with Ratcliffe after the pair emerged as the main contenders to buy the Premier League club from the Glazer family.
ADVERTISEMENT
While Sheikh Jassim’s latest offer is reported to be over £5 billion ($6.2 billion), the size of Ratcliffe’s improved bid was yet to be made public when Friday’s deadline for the third round of bidding passed at 2100 GMT.
Also Read: Finland’s Zilliacus still eager to buy Man Utd
Sources said Sheikh Jassim’s bid for 100 percent control of the club comes with the promise of significant additional funding for transfers and infrastructure. The spending would include either redeveloping United’s out-dated Old Trafford stadium or build a new ground, along with overhauling the club’s training facilities.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
