Sheikh Jassim increases bid to buy Manchester United from Glazer family

Qatar’s Sheikh Jassim and Sir Jim Ratcliffe’s INEOS previously submitted their third and final bids to buy Man Utd on April 28; Sheikh Jassim’s renewed offer would clear almost £1bn worth of debt at Man Utd and distribute ring-fenced funds for the club and community

Sheikh Jassim’s renewed offer, believed to be close to £5bn but shy of the Glazer family’s £6bn valuation, was submitted to the Raine Group, the New York-based investment bank overseeing the sale of the club, on Tuesday morning.

The third and final round of bidding concluded on April 28 but, with reports last week claiming a revised offer from Sir Jim Ratcliffe and INEOS had put them in pole position to acquire United, Sheikh Jassim has moved again.

Sheikh Jassim believes his bid is a very competitive one which brings huge benefits to Manchester United, including clearing nearly £1bn worth of club debt and a separate fund to redevelop Old Trafford, the surrounding area and the club’s Carrington training ground.

Daniel Duah

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