QATARI Sheikh Jassim bin Hamad Al Thani is NOT interested in buying a minority stake in Manchester United, according to reports.
The Glazers have been exploring a sale, but are yet to receive their £5bn asking price.
Sheikh Jassim is not interested in a minority stake in Man United
AFPThe Glazers could yet stay at Man United[/caption]
It has been speculated that the Glazers could instead seek significant investment in exchange for a minority stake in the club, which would see them remain in power.
Sheikh Jassim, however, will not enter such an arrangement.
According to CBS Sports reporter Ben Jacobs, Sheikh Jassim’s bid is “all or nothing”.
He will NOT buy a minority share, even if it was to be with a view to eventually becoming majority owner.
Sheikh Jassim wants to buy the club either in its entirety now, or not at all.
The Qatari, as well as boyhood Man United fan Sir Jim Ratcliffe, is set to have his initial bid rejected by the Glazers.
Bidders are currently waiting to hear back from The Raine Group, the bank overseeing the possible sale.
The market currently values Man United at around £3.75bn, and it is thought that Sheikh Jassim and Sir Jim Ratcliffe’s bids were in this region.
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Ratcliffe, who fronts Ineos Group, is liaising with US banks JP Morgan and Goldman Sachs over his bid.
But Sheikh Jassim is understood to be funding his offer entirely himself.
The Qatari is ready to clear United’s debts, which stand at a whopping £680million.
And he also wants to invest in a new stadium and a new training ground – which alone could cost up to £2bn.
Bidders including Ratcliffe and Sheikh Jassim are expected to have signed non-disclosure agreements.
PASir Jim Ratcliffe is also trying to buy Man United[/caption] Read More