Sheikh Jassim bin Hamad al-Thani has made a fifth bid to take over Manchester United as the offer comes with a final deadline set for the end of the week.
Sir Jim Ratcliffe and Sheikh Jassim both publicly confirmed initial offers in February and the latter is understood to have this week made a fifth bid to acquire United.
The Glazers value Manchester United at £6billion and while the latest offer is improved, it still falls short of that figure, according to the report.
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The Qatari bid is to assume full control of the Old Trafford club while Ratcliffe’s bid’s is for a controlling 69 per cent stake.
It also reportedly includes significant funds for investment on recruitment and club infrastructure.
Sheikh Jassim believes his bid is a very competitive one which brings huge benefits to United,
including clearing nearly £1bn worth of club debt and a separate fund to redevelop Old Trafford, the surrounding area and the club’s Carrington training ground.
INEOS values United at a higher price than Sheik Jassim‘s bid but it is not for the whole club and would give the Glazers the opportunity to keep a 20 per cent stake.
United’s share price closed down to $18.80 on the NYSE in May, giving the club a market cap of $3.09 billion (£2.47 billion).
The Glazers, had originally announced last November they were considering selling the club and/or seeking investment, have yet to confirm if there is a preferred bidder in the process.
