2023-10-14 21:10:18
© Reuters.
Por Anirban Sen e Mrinmay Dey
(Reuters) – Qatar’s Sheikh Jassim bin Hamad al Thani has informed the Glazer family, owners of Manchester United, that he will not improve his bid to acquire the iconic football club for more than $6 billion, people familiar with the deal said. subject.
The refusal leaves Manchester United’s other interested party, Ineos chairman Jim Ratcliffe, in a stronger position to seal a deal. He has offered to buy just 25% of the club’s shares and it remains unclear whether he will reach a deal.
Jassim, who also promised to invest more than $1.7 billion in Manchester United after the takeover, still wants a deal but has informed the Glazer family that there is no point in remaining in the race after nine months of unsuccessful negotiations, the sources said.
Jassim would not use any debt to acquire Manchester United and his bid would have cleared the club’s existing debt, the sources added.
The sources requested anonymity because the matter is confidential. Representatives for Jassim declined to comment, while Manchester United did not immediately respond to a request for comment. Sky News first reported that Jassim was withdrawing from the purchase dispute process.
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