According to Mirror, the Glazer family agreed to sell all of Man Utd's shares to Qatari investors - led by billionaire Jassim Bin Hamad Al Thani (or Sheikh Jassim). Al Watan, a newspaper in Qatar owned by the Al Thani family, confirmed this information.
The race between Al Thani and British billionaire Jim Ratcliffe ended with the Qatari investor winning. Immediately, Man Utd's stock price increased sharply yesterday (June 12) as soon as rumors emerged about the successful deal of the Qatari billionaire to buy the Old Trafford team.
Mr. Bin Hamad Al Thani and billionaire Jim Ratcliff spent months pursuing the deal to buy Man Utd.
Last week, Al Thani submitted a fifth offer to buy Man Utd. British media reported that the Qatari billionaire lost patience when the Glazers kept delaying the decision. Mr. Al Thani set the deadline for negotiations on June 9. After that, the offer was still valid but there would be no further negotiations. Yesterday (June 12) was the deadline for the Glazers to consider the offers and respond to investors.
Al Thani's proposal includes taking full control of Man Utd, along with large expenditure on developing the infrastructure of Old Trafford. They also want to upgrade the Carrington training center. Mr. Al Thani and the Qatar Investment Fund will also invest immediately in the transfer market so that coach Erik ten Hag can buy players.
Meanwhile, Jim Ratcliffe's offer was lower but allowed the Glazers to retain partial control of Man Utd. Both candidates have raised their bids repeatedly in recent months but have not agreed to the $7.2 billion figure, saying it was an odd number.
Van Hai (Source: Mirror)
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