MANCHESTER UNITED
Latest Man Utd takeover update: Sheikh Jassim changes opinion as fresh details come to light
Latest Man Utd takeover update: Sheikh Jassim changes opinion as fresh details come to light
Sheikh Jassim no longer sees himself in a battle with Sir Jim Ratcliffe to buy Manchester United, it has been claimed.
The Qatari billionaire is in pole position to acquire the club. With the Glazers yet to provide clarity on the situation, however, it’ll be interesting to see what happens.
According to journalist Ben Jacobs, Sheikh Jassim feels Ratcliffe isn’t a frontrunner in the race.
Instead, the Qatari billionaire now feels as though it’s only the Glazers who represent an obstacle as he looks to seal a takeover this summer.
“Still, we have the same situation where Nine Two Foundation and INEOS are in the process,” Jacobs told GiveMeSport.
“Maybe the only difference at this point is that there’s a real feeling on the Qatar side, that it will now be a case of them being successful, or a no sale, possibly with some kind of financing baked in.
“So, instead of Qatar looking this as them versus Ratcliffe, which has been the narrative for much of the takeover, I think Nine Two Foundation feel like it’s about whether they’re picked or whether the Glazers opt for a no sale with some form of financing, then put the club on the market at a later date.”
Ratcliffe had been seen as being in pole position just a few weeks ago.
But things have changed ever since Sheikh Jassim launched a fifth and final bid for the club.
Not much is known about the mysterious figure, who prefers to keep a low profile instead of taking the spotlight.
Yet confidence is growing in the Qatari camp that, sooner or later, they’ll be the next owners of United.
They’ve promised to provide significant investment should a takeover go through, with Sheikh Jassim believing the Glazers have underinvested in the club.
Old Trafford and the club’s Carrington training complex would both be revamped under Qatari leadership.
And Sheikh Jassim is willing to give Erik ten Hag transfer backing, too
United are on the cusp of signing Mason Mount from Chelsea, having agreed a fee for the England international earlier in the week.
Yet Ten Hag knows more reinforcements are required if the club are to win their first Premier League title since 2013.
Meanwhile, football finance analyst Viva Mukherjee has expressed a belief Sheikh Jassim will take United off the stock market in the event of any successful bid.
“I think the investment plan of Sheikh Jassim is very similar to that of the Friedkin Group at Roma but on a larger scale,” he said.
“The group bought a 86.6 per cent majority equity of AS Roma for £510million in 2020, of which £331million of that was debt amassed by the former owner.
“In a similar sense, the Qatar bid includes paying off the gross debt of £725million at Old Trafford.
“The Friedkin Group needed 95 per cent equity to delist the Italian club from the stock exchange – a stake that Jassim would own at Old Trafford if he successfully won the takeover.
“I believe Jassim will want to do similar and delist United from the stock exchange should he become the new owner.
“His bid for the club is around $6.3billion (£4.95billion), with a large majority of that fee set to be paid to the Glazers and the club’s shareholders.”
“It is the opposite to the Ratcliffe bid, where the debt of the club will likely remain and the club could continue to be traded on the stock exchange.”
The Glazers have owned United since 2005, with the club winning five Premier League titles since then – but none since 2013.
In other news,Almost Done: Man Utd takeover bid “dead in the water” reported to be absolutely finished for one investor
MANCHESTER UNITED
“That particular player was the reason we sacked Erik ten Hag and I have warned Ruud van Nistelrooy to avoid using him.
“That particular player was the reason we sacked Erik ten Hag and I have warned Ruud van Nistelrooy to avoid using him, If he breached the instructions then it will be over for him also”: Sir Jim Ratchliffe warns new Man United’s manager to avoid using ONE player who was the reason Erik ten Hag was sacked
Erik ten Hag has become the fifth Man United manager to be sacked in the last decade with the new club chiefs left unimpressed with his results this calendar year.
The Dutchman won two trophies in two seasons but guided United to their lowest Premier League finish last term. He was kept on by the new board this summer following an end-of-season review.”
However, having won just three of his first nine league games this campaign, Ten Hag has been relieved of his duties after 128 games as manager. Step-in caretaker Ruud van Nistelrooy takes charge while a permanent successor is sourced.
Van Nistelrooy becomes the ninth different figure – temporary or permanent – to lead the club since Sir Alex Ferguson’s retirement in 2013. He follows Ryan Giggs, Ole Gunnar Solskjaer and Michael Carrick in being among the Scot’s former players to take charge of United.
Earlier this month, Sir Jim Ratcliffe informed Ferguson that he would be relinquishing his role of club ambassador at the end of the season. It is thought the move is part of his cost-cutting exercises at the club, having already sanctioned the redundancies of 250 staff members this year.
However, the 72-year-old – who wishes to see United build a new 100,000-seater Old Trafford – has made clear that decisions regarding the first-team manager are not within his remit.
Asked about the future of Ten Hag earlier this month, Ratcliffe deflected: “I like Erik. I think he’s a very good coach but at the end of the day it’s not my call, it’s the management team that’s running Manchester United that have to decide how we best run the team in many different respects.”
Ratcliffe oversaw a revamp of the United boardroom this summer, with old figures ushered out and new top brass headhunted. Former Manchester City chief Omar Berrada was announced as the club’s new CEO in January while technical director Jason Wilcox was pinched from Southampton.
United had to fork out compensation to Newcastle United when acquiring sporting director Dan Ashworth, who insisted that the decision to keep Ten Hag was made before his summer arrival. United will lose around £17million in sacking compensation to Ten Hag.
Ineos sporting chief Sir Dave Brailsford and Ineos CEO Jean-Claude Blanc are also on the board while Christopher Vivell sits as director of global talent.
While clarifying his role in the managerial turnover process, Ratcliffe urged the boardroom to “to take stock and make some sensible decisions,” having “not been there a long time.”
He underscored: “Our objective is very clear – we want to take Manchester United back to where it should be, and it’s not there yet, obviously – that’s very clear.”
MANCHESTER UNITED
Club statement…
Club statement…
Erik ten Hag has left his role as Manchester United men’s first-team manager.
Erik was appointed in April 2022 and led the club to two domestic trophies, winning the Carabao Cup in 2023 and the FA Cup in 2024.
We are grateful to Erik for everything he has done during his time with us and wish him well for the future.
Ruud van Nistelrooy will take charge of the team as interim head coach, supported by the current coaching team, whilst a permanent head coach is recruited.
MANCHESTER UNITED
Ten Hag out!! Predicted Man United line up under Xavi Hernandez – as INEOS set to sack Ten Hag if He fails to deliver West Ham game tomorrow
Ten Hag out!! Predicted Man United line up under Xavi Hernandez – as INEOS set to sack Ten Hag if He fails to deliver West Ham game tomorrow
Barcelona legend Xavi has made his stance on Manchester United clear amid reports linking him as a possible replacement for Erik ten Hag as manager at Old Trafford. Ten Hag is under mounting pressure following a lackluster start to the season, with his side winning only three of their first eight Premier League matches.
This disappointing run has fueled speculation about his future, and names like former England manager Gareth Southgate, Brentford boss Thomas Frank, and Xavi have all surfaced as potential replacements.
Xavi’s thoughts on Manchester United have resurfaced from a past interview, providing some insight into his view of the club.
Speaking after Barcelona’s Europa League tie against Manchester United in 2023, the former Barca midfielder expressed respect for the Red Devils and praised Ten Hag for the progress he had made with the team. “I think Manchester is coming back, and they showed their best,” Xavi said in an interview with TNT Sport. “We need to be proud.
I think both teams are more or less in the same moment, in the same position, that we are coming back. I said to Ten Hag now, ‘Congratulations,’ because he’s doing very well and they are Manchester United.”
Xavi’s remarks reflected his belief that both Barcelona and United were in periods of rebuilding, with the potential to reestablish themselves as top contenders in Europe.
He even hinted that future meetings between the two clubs could happen in the latter stages of the Champions League. His praise for United and Ten Hag has now taken on new relevance as discussions about his potential move to the Premier League intensify.
Reports have emerged suggesting that Manchester United CEO Omar Berrada traveled to Spain for two rounds of talks with Xavi to explore the possibility of bringing him to Old Trafford.
However, it seems that Xavi, who is currently enjoying some time away from the game, is not interested in cutting his break short. According to the Spanish newspaper AS, the 44-year-old has no intention of returning to management just yet, even if it means passing up a significant opportunity with a club as prestigious as Manchester United.
Meanwhile, Ten Hag has addressed the ongoing rumors surrounding his job, expressing frustration with the media’s portrayal of his situation. Before United’s recent 2-1 win over Brentford, Ten Hag dismissed the speculation, calling it “noise” created by the press. “Noise is only coming from some of you [media], creating stories and fairytales, bringing lies,” he said.
Ten Hag emphasized that while the team is unhappy with its current position in the league, they remain calm and confident in their plan. He assured that despite the speculation, he believes success will come under his leadership.
The situation leaves Manchester United in a state of uncertainty, with Ten Hag fighting to keep his position amid a difficult run of form, while Xavi, one of the names floated as a possible successor, seems uninterested in taking over at this time. As rumors continue to swirl, both the club and its fans await further developments.
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