Qatari consortium willing to overpay in second bid to buy Manchester United from Glazers – report
Nine Two Foundation, a Qatari consortium led by Sheikh Jassim bin Hamad Al Thani, is willing to overpay to take over full ownership of Manchester United, according to Sky Sports.
Last November, it was revealed that the Glazers had put the Red Devils up for sale. The family decided to leave Old Trafford after having outright owned the club for around 18 years.
Qatari banker Sheikh Jassim bin Hamad Al-Thani quickly emerged as the frontrunner to buy Manchester United. A consortium led by him launched a foundation called NINE TWO, said to be a reference to the club’s ’92 class, for the same purpose.
it was Confirmed Last month, the Nine Two Foundation submitted an official offer for the Old Trafford outfit.
However, the Glazers reportedly believe the Premier League giant is worth at least £6 billion.
Despite the Qatari consortium’s strong interest in buying the Red Devils, there were claims it would not overpay. However, they appear to have relaxed their stance after visiting the club mid-week.
Sheikh Jassim sent a delegation to Old Trafford on behalf of the Nine Two Foundation on Thursday (16 March). After the meeting they are now considering making his second offer to the club.
According to the aforementioned sources, NINE TWO is now ready to pay odds to buy. Manchester UnitedThey are expected to make a bid next week close to Glazers’ £6 billion valuation.
Sheikh Jassim hopes such an offer will be enough to persuade the Glazers to authorize the sale of the club.
Jim Ratcliffe remains in the mix to buy Manchester United
Apart from the Qatari consortium, Sir Jim Ratcliffe also submitted a bid for Manchester United last month. In fact, the owner of the INEOS group was the first to publicly announce an offer for the club.
Like NINE TWO, INEOS also visited the Red Devils this week to meet with the club’s management. Ratcliffe reportedly spent six hours at Old Trafford on Friday (17 March).
Britt’s initial amount has not been disclosed, but it appears to fall short of Glazers’ £6 billion valuation. Nonetheless, INEOS is considering returning next week with an improved offer.It remains to be seen who will win the takeover race. Premier League Giant.