Man Utd Takeover LIVE: World Record Show Delivered By Deadline – Latest Updates

Bidding will be handled by the Raine group, but the Glazer family is understood to be divided over whether to sell the club or retain minority ownership.

While bids by Qatar and INEOS are on the table, a third option is to raise money through minority investors to reinvest in the club.

The Glazers will want a record £6bn for the club if they decide to sell – a fee The Independent He understands that the Qatar group is ready for the match.

Ineos had the funds to compete with Qatar’s bid, but Ratcliffe was said to have had concerns about price hikes too high.

As I mentioned The Independent This week, Qatar has increased its bid for Manchester United

One consideration that influenced the whole process was whether the Gulf state would eventually put out an offer that would “blow everyone out of the water”.

There were some surprises that weren’t the strategy from the start, since it would have been so easy for Qatar to go to the Glazers and say they’d pay the necessary amount before everything started. Some figures in the industry believe that this is because they did not play their hands early.

Others, somewhat related to this, believe it is part of a new strategy by the state to make these more appropriate business investments.

“They’ll try to pay the right price, but they’re adamant they won’t pay too much,” said one source.

It is understood Sheikh Jassim has made a record-breaking second bid for Manchester United, with the offer being submitted before tonight’s 9pm deadline.

The Sir Jim Ratcliffe Show is also on, as previously reported.

Little or nothing is known about the other potential bidders, but it did report that US hedge fund Elliott Management had put in an offer that involved offering financing to either the new bidders or the Glazer family.

Sheikh Jassim bin Hamad Al Thani, son of a former Qatari prime minister, is Chairman of the Board of Directors of Qatar Islamic Bank.

He said his interest is a private initiative through his Nine Two Foundation and not linked to the Qatari state.

His representatives also visited Old Trafford last week for talks which were understood to be positive and constructive.

Little or nothing is known about the other potential bidders, but it did report that US hedge fund Elliott Management had put in an offer that involved offering financing to either the new bidders or the Glazer family.

Sir Jim Ratcliffe, who made an unsuccessful bid in the region of £4.25bn for Chelsea in 2022, visited Old Trafford last week.

The 70-year-old businessman was born in the Manchester area and is a childhood United fan. He is one of the richest people in Britain with an estimated personal wealth of £6 billion.

Both parties – the only groups to have made their interest public – visited Manchester United for meetings last week.

Bidding will be handled by the Raine group, but the Glazer family is understood to be divided over whether to sell the club or retain minority ownership.

Although neither Sheikh Jassim nor CJ Ratcliffe is believed to have exceeded £5bn with initial bids, both are expected to come close to the mark with the second round of bidding closing at 9pm tonight.

However, the two bids were for different ownership stakes and brought different options for Manchester United as a football club.

Sheikh Jassim wants to complete a full takeover of United, which means he will buy the Glazer family 69 percent and then buy the remaining 31 percent, which is made up of smaller investors. This may take some time as he will have to contact and negotiate with each investor to buy their shares.

The Qatari banker also made several pledges to invest in specific areas of the club – such as refurbishing the stadium – leaving United deeply in debt after buying CAS.

Ratcliffe’s offer is only for Glazer’s 69 percent stake and a majority shareholder. At this point, he does not offer to buy out the rest of the shareholders.

He will have to borrow money to fund any takeover and his company INEOS has yet to meet the club’s £656m debt.

Those close to his bid say the club will not be charged any new debts but it remains to be seen if Ratcliffe will pay off the debt over time.

The Glazer family is considering selling the Old Trafford giants after 18 years of contentious ownership.

The Americans have invited interested parties to submit plans to move the club forward, which could mean either an outright takeover or a major investment.

So far two of the bidders, Ineos owner Sir Jim Ratcliffe and Qatari businessman Sheikh Jassim, have announced plans to take full control of the club, but there may be another interest.

Scholes has no preference for the former United midfielder over who takes over but is just hoping it happens for the sake of harmony.