Manchester United: Sir Jim Ratcliffe & Sheikh Jassim make final bids

1 year ago 39

Qatari banker Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe's Ineos Group person submitted their last bids for Manchester United, BBC Sport has been told.

They are the 2 main parties looking to instrumentality power of the club.

Club owners, the Glazer family, volition present measure their presumption aft the latest bid deadline passed astatine 22:00 BST connected Friday.

Both bidders are anxious for a solution to a process that began successful November.

BBC Sport has been told the connection from Sheikh Jassim is astir £5bn and includes 1 fig that would spell nonstop to the sellers.

It besides includes a program to marque a important magnitude of further superior and infrastructure concern into the club.

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It is understood the 3rd bid deadline lone applied to imaginable buyers of the full nine and not concern vehicles specified arsenic the US-based Elliott and Carlyle, some of whom are lone consenting to acquisition a number stake.

Finnish businessman Thomas Zilliacus says helium lodged bids antecedently but would not taxable a caller offer.

The Glazers announced successful November the committee had "authorised a thorough valuation of strategical alternatives", including selling the club.

Investment slope the Raine Group was brought successful to oversee the process aft it handled the merchantability of Premier League rivals Chelsea.

After a deadline for expressions of involvement successful February and a 2nd deadline past month, Friday marked a 3rd deadline for bids.

It is understood ample amounts of paperwork person had to beryllium completed to get to the latest stage, starring each parties to judge the concern volition beryllium resolved earlier the transportation model opens astatine the extremity of the season.

There person besides been suggestions this week that Ineos could restructure its offer, which initially was for the Glazer family's combined 69% stake, successful a mode that could let co-chairmen Joel and Avram Glazer to clasp their idiosyncratic shareholding.

It has been stressed Ratcliffe has been accordant successful his presumption that helium wants a bulk stake, giving credence to the reports.

This determination has already been attacked by the '1958' fans group, who person demanded 'Full Sale Only'.

The group, who are organising a protestation march astir Sunday's Premier League crippled against Aston Villa astatine Old Trafford, person besides been captious of the imaginable engagement of Elliott and Carlyle.

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