Sheikh Jassim vs. Jim Ratcliffe :Manchester United takeover Nearly Complete as New Bid Is Viewed ‘Favourably’
After months of a Sheikh Jassim vs. Jim Ratcliffe bidding war, the Manchester United sale may finally be coming to a close.
According to Reuters journalist Anirban Sen, the Red Devils takeover is “heading towards the end game,” with the Glazers viewing Sheikh Jassim’s bid “more favourably.”
Manchester United Sale “Heading Towards the End Game”
Two Different Bidders, Two Different Approaches
While the bids are most likely close in number, the groups behind them seek different things. Sheikh Jassim is attempting to buy 100% of the club, while Ratcliffe is only looking to secure a majority share.
Behind both bidders is also a multitude of differences in background and business experience. Ratcliffe, a UK native, is not only a known name in the United Kingdom, but also the world of business. He gained most of his wealth and popularity by founding multinational chemicals group Ineos.
He is also no stranger to the world of football, as he currently owns both OGC Nice and FC Lausanne-Sport.
Sheikh Jassim on the other hand, is relatively unknown outside of Qatar, and has little information about him available. He is known for being a member of the Qatari royal family, as well as chairman of the Qatar Islamic Bank.
Sheikh Jassim’s Bid Takes the Lead
The takeover talks have been ongoing for months, leaving many Manchester United fans hoping for a quick resolution. Recent reports from The Guardian claim this latest offer from Sheikh Jassim is his fifth and final offer.
With the Glazers looking at his bid favourably, it appears that the Qatari businessman could have his hands on the Red Devils soon.
The deal, estimated by Reuters to be worth over £4.7 billion, would be the biggest club sale in football history, clearing Todd Boehly’s Chelsea takeover by almost £500 million.
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