Qatari billionaire withdraws, Sir Jim Ratcliffe close to deal to buy Man Utd

Major newspapers in the UK confirmed that billionaire Sheikh Jassim decided to withdraw from the deal to buy Man Utd. The Qatari businessman is said to have run out of patience with the Glazer family.

According to journalist Fabrizo Romano, in the past few days Sheikh Jassim has been discussing and negotiating to own all of Man Utd's shares. The bid is said to be around 6 billion pounds, double the value of Man Utd on the New York Stock Exchange.

Sheikh Jassim pledged to clear the Red Devils' debts, invest £1.2 billion to upgrade Old Trafford stadium, renovate Carrington training center, spend money on transfer deals and community projects in Manchester city.

However, Sheikh Jassim's bid still did not meet the Glazer family's expectations. The Qatari billionaire decided to withdraw from this huge deal.

Billionaire Sheikh Jassim gives up on his bid to buy Man Utd.

Journalist Fabrizo Romano also said that Sir Jim Ratcliffe is the only person in the race to take over Man Utd. The businessman proposed to buy 25% of Man Utd shares for about 1.5 billion pounds. This offer is said to please the Glazer family more because they still have control of the red team in Manchester.

This is also the first step in Sir Jim Ratcliffe's attempt to take over all of Man Utd. The deal to buy 25% of Sir Jim Ratcliffe's shares will be carried out in the coming days.

Since taking over Man Utd in 2005, the Glazer family has faced fierce opposition from the club's fans. They have been accused of not investing in or upgrading the club's facilities. In addition, the Red Devils have fallen into heavy debt (nearly £1 billion) and the team's performance has declined.

The club's fans have been protesting against the club. Last November, the Glazer family announced plans to find a strategic alternative for Man Utd. Specifically, they would sell their stake in the club.

Qatari banker Sheikh Jassim and British billionaire Sir Jim Ratcliffe are in a two-horse race. However, Sheikh Jassim has rejected five bids, while the Glazers are more interested in co-ownership with Sir Jim Ratcliffe.

Van Hai

Source: https://vtc.vn/ty-phu-qatar-rut-lui-sir-jim-ratcliffe-tien-gan-thoa-thuan-mua-man-utd-ar827128.html