It is no secret that Manchester United are up for sale. Glazers family, the owner of Manchester United, are willing to sell the club if they get their asking price. There were many rumors of the potential buyers, but it is not easy for all to start bidding for the legendary club, Manchester United. Therefore, big fish such as Sir Jim Ratcliffe and Qatari Sheikh Jassim Bin Hamad Al Thani have shown serious interest in buying this legendary club.
2nd bid is coming in the next week
Sir Jim Ratcliffe’s INEOS group was the first to bid for Manchester United. As a fanboy from childhood, Jim Ratcliffe desperately wants to buy the club. But things changed like a U-turn when Qatari Sheikh Jassim Bin Hamad Al Thani entered the bidding race.
Sheikh Jassim Bin Hamad Al Thani, the son of the former Qatari Prime Minister, completed his education in the UK and became a Man United fan since his boyhood. The Qataris proposed their manifests and plans for the club before they submitted the first bid, which was highly praised by the critics. Besides investing in the club, the infrastructure and the women’s team are also important to them.
However, bids from both sides didn’t meet Glazer’s asking price. The Glazers family wants £6bn to sell the ownership. It seemed the current owner will not sell the club, but the Qataris keep trying.
A team, on behalf of Sheikh Jassim Bin Hamad Al Thani, visited Manchester last Thursday. They had a long meeting, almost ten hours, with the club’s delegation. Although Jassim Bin Hamad Al Thani didn’t come, he sent a team of experts in finance, banking, property, and law. They seemed confident in buying the English club.
Furthermore, the INEOS Group also sent a team on behalf of Sir Jim Ratcliffe the next day. They also had a warm reception as Man United’s CEO Richard Arnold welcomed them in Manchester. Their meeting took four hours.
Anyway, both parties are preparing their second bid after having a successful meeting. It is expected that the 2nd bid from both sides will come in the next week.