Qatar's Sheikh Jassim refuses to raise $6 billion Manchester United bid, sources say
Sunday, 15 October 2023 Qatar's Sheikh Jassim bin Hamad al Thani has decided not to increase his bid to acquire Manchester United for more than 6 billion dollar, leaving Jim Ratcliffe, Chairman of Ineos, as the stronger contender. Ratcliffe has offered to purchase a 25% stake in the club, while the value of his bid remains unknown. Jassim, who initially planned to invest $1.7 billion in the club, has withdrawn from the bidding process after unsuccessful negotiations.
Despite announcing their intention to sell last year, the Glazer family still haven't completed the sale of Manchester United. With constant conflicting stories about the status of bids from Sir Jim Ratcliffe and Qatar's Sheikh Jassim, what's really stopping it from happening?
Shares of Manchester United dropped by 23% following reports that British billionaire Jim Ratcliffe may only acquire a 25% stake in the club. This raised... IndiaTimes
Sunday, 15 October 2023
![Kaveh Solhekol on Sir Jim Ratcliffe's minority bid for Manchester United [Video]](https://video.newsserve.net/300/v/20231016/1697454820-Kaveh-Solhekol-on-Sir-Jim-Ratcliffe-apos.jpg)
