NYON, SWITZERLAND – OCTOBER 4: A detailed view of the badge of Manchester United FC during the UEFA Europa League 2022/23 Group Stage Teams Jerseys Shoot at UEFA Headquarters, The House of the European Football, on October 4, 2022, in Nyon, Switzerland. (Photo by Kristian Skeie – UEFA/UEFA via Getty Images)
Qatari billionaire Sheikh Jassim bin Hamad Al-Thani has submitted his world-record £5billion bid to buy Manchester United.
It is reported that his bid came in just minutes before the 10pm Friday deadline for interested parties to submit their third proposals for investment of the club.
Sir Jim Ratcliffe and INEOS have also submitted their fina lbid, though unlike the Qatari’s who want fill ownership of the Red Devils, his is only for a majority stake in the club.
Sheikh Jassim has been the favourite, ahead of the likes of since opening proposals were made, such is his financial superiority over the other bidders.
However, though a record fee, his bid is still short of the £6bn the Glazer family have been holding out for for the Premier League club.
According to reports, in addition to the bid, the Qatari’s proposal also includes another huge pot of money which will be spent on improving the playing squad, the infrastructure of the club, including Old Trafford Stadium and investing in the local community.
More to follow…
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Sir Jim Ratcliffe has also submitted a new bid.