[ad_1]
Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe have been told that they have completed the next stage of the process.to buy Manchester United.
At least one other unnamed bidder has also progressed to the next stage, which will see all parties meet with the Raine Group this month at Old Trafford before being given access to detailed financial information that will allow them to make a firm offer.
Sheikh Jassim and Ratcliffe want to buy Manchester United, while others are interested in a minority stake.
Sheikh Jassim believes the debt-free offer is the best deal for the club and the community and is “a win-win”.
Please use Chrome browser for more accessible video player
Barcelona boss Xavi believes the Qatari-led takeover will benefit Europa League rivals Manchester United.
Sky Sports News it was reported earlier this week that Sheikh Jassim remained determined to buy United from the Glazers, with the Qatari businessman deciding not to attend the Carabao Cup final as he felt he was inappropriate in the circumstances.
Ratcliffe also remains determined to buy Manchester United and is very committed to the offer.
The INEOS owner believes he has made an excellent offer that will transform the club into a progressive and fan-focused ownership model.
Both leading bidders were willing to pay a premium to own a trophy asset such as United, but their opening indicative bids fell short of the £6bn Glazer family was asking for the club.
Please use Chrome browser for more accessible video player
The Telegraph’s chief football correspondent Jason Burt and Daily Mail North-East football correspondent Craig Hope discuss the offer made for Manchester United.
Elliott Management, Oaktree Management and Oaktree Capital have submitted proposals to Raine who will be involved in providing financing for bidders or buying minority shares in the club.
The fact that Sheikh Jassim and Ratcliffe have entered the next stage of the process shows that the Glazer family, despite their concerns, are prepared to sell the club for the right price.
‘This is very important news – the process is moving forward’
Analysis by Sky Sports News chief reporter Kaveh Solhekol:
“This is very important (news) because it shows the Glazer family are serious about Man Utd.
“Two weeks passed with the deadline for interested parties to submit an initial bid, and two weeks ago Raine Bank, the investment bank handling the sale, and the Glazer family have reviewed the bids and chosen which one will go through to the next stage.
“Our information is that the bid led by Sheikh Jassim bin Hamad Al Thani of Qatar has gone through to the next stage with a bid from Sir Jim Ratcliffe, and we have been told that there is one other unnamed bidder going to the next stage.
Please use Chrome browser for more accessible video player
Senior journalist Kaveh Solhekol confirms the status of Manchester United’s Sir Jim Ratcliffe and Sheikh Jassim takeover bids.
“The next stage, what does it include? It’s like if you want to buy a car, you’ve seen the ad online, you’ve called and talked about it, you already know the price. And now you have to go on a test drive, which will happen in the next couple of weeks .
“Interested bidders will go to Old Trafford and meet people from the Raine Group, maybe meet members of the Glazer family and will be given access to detailed financial information about Man Utd. That’s what they need to see, they need to see the accounts and the books.
“When it’s done, he could make a firm offer to the club. So if you’re one of those Man Utd supporters who want to see the back of the Glazers, and there are a lot of them, you’d think. It’s good news this morning that the process is moving forward.”
[ad_2]
Source link