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Qatar’s Sheikh Jassim Refuse To Raise $6 Billion Manchester United Bid, Sources Say






Introduction



In a surprising turn of events, Qatar’s Sheikh Jassim bin Hamad al Thani has decided not to increase his bid to acquire Manchester United, a storied football club with a rich history and a global fanbase. This development comes after months of negotiations, and it leaves the door open for Ineos Chair Jim Ratcliffe, who has offered to buy a 23% stake in the club. While Sheikh Jassim’s bid was valued at over $6 billion, Ratcliffe’s offer is rumoured to be even more substantial, putting the spotlight on a potential shift in the ownership of this iconic soccer club.



The Bid That Shock Manchester United



Sheikh Jassim’s interest in acquiring Manchester United captured the attention of both fans and financial analysts. His bid to purchase the club for over $6 billion would have made it one of the most significant deals the history of sports acquisition. However, after nine months of negations and seemingly unsuccessful discussions with the Glazer family, the sheikh has decided not to raise his offer any further.


One notable aspect of Sheikh Jassim’s bid was his commitment to invest an additional $1.7 billion in the club after the acquisition. This would have likely been a game-changer for Manchester United, both on and off the table.



Jim Ratcliffe: The Remaining Contender



With Sheikh Jassim’s exit from the bidding process, the spotlight now turns to Jim Ratclieff, the Chair of Ineos. Ratclieff’s offer, although not revealed in exact figures, is rumored to surpass Sheikh Jassim’s bid of $6 billion. The specifics of Ratcliffe’s deal, if finalized, are yet to be disclosed, but it is clear that it is more than just a financial transaction; it represents a potential shift in the power of dynamics within the club.


Under Ratcliffe’s proposed deal, he would take control of the team’s operations and talent acquisition, while the Glazers would retain control of the commercial aspects of the business. This strategic division of responsibilities could fresh ideas and approaches to the club’s management.



Manchester United’s Valuation and the Glazers’ Expectation



Manchester United is currently valued by the stock market at $3.3 billion. The Glazer family, who purchased the club for £790 million in 2005, have been seeking a valuation far above this figure. Their aggressive expectations are based on the precedent set by other major soccer deals. For example, the acquisition of Chelsea Football Club in 2021 valued it at 5.7 times its revenue for the last financial year.


Valuing Manchester United above Sheikh Jassim’s $6 billion offer, such as at $7 billion, would be equivalent to 11 times the club’s revenue over the last 12 months. The Glazers’ desire to maximize their return on investment may have played a significant role in the lengthy and complex negotiations with potential buyers.



The Glazers’ Impact on Manchester United



The Glazer family, is known for their success in real estate, retail, and healthcare, also owns the NFL’s Tampa Bay Buccaneers. Their acquisition of Manchester United in 2005 stirred considerable controversy among fans, who have been divided over their ownership. Despite the club’s enormous global following, the Glazers have faced criticism for what some fans perceive as a lack of investment in the team.


Since the departure of legendary manager Sir Alex Ferguson in 2013, Manchester United has experienced a decline in its on-field success, having last won the Premier League in Ferguson’s final season in charge. While the team has had moments of triumph, such as winning the League Cup, their performance in the league has lagged behind rivals, including local powerhouse Manchester City.



The Future of Manchester United



With Sheikh Jassim’s exit and Jim Ratcliffe’s bid in the limelight, Manchester United fans are left wondering about the future of their beloved club. The potential change in ownership could lead to a new era for the team, marked by fresh investments and strategic changes in its management.


The Glazer family’s willingness to cash out on their ownership demonstrates their awareness of the fans’ growing desire for change. As the negotiations progress and a new owner emerges, Manchester United’s global fanbase will be closely watching for what the future holds for this iconic soccer institution. Regardless of the outcome, the impending ownership shift has the potential to impact not only the club’s fortunes on the field but also its commercial and global appeal.

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