Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Sources: Qatari sheikh submits final Man Utd bid

Written by 
Published in Breaking News
Wednesday, 07 June 2023 07:20

Sheikh Jassim made a fifth bid to buy Manchester United and told the Glazer family he wants an answer by Friday, sources told ESPN.

The Qatari businessman lodged the improved bid with Raine Group, the U.S. bank working on behalf of the Glazers, earlier this week.

- Stream on ESPN+: LaLiga, Bundesliga, more (U.S.)

Sources told ESPN it will be his last offer and it will not be a part of the process beyond Friday. It gives Raine and the Glazers three days to make a decision.

Sources said that Sheikh Jassim has become increasingly frustrated at the lack of progress after the Glazers announced in November 2022 that they would consider "strategic alternatives" including investment or a full sale.

The Qatari consortium, headed by Sheikh Jassim, made its first offer in February but now wants a quick resolution because it is keen to take control at Old Trafford before the start of the summer transfer window on June 14.

The Glazers also have an offer from British billionaire Sir Jim Ratcliffe, chairman of chemical company INEOS. Sheikh Jassim wants to buy 100% of United while Ratcliffe has lodged an offer that would see him hold 51% of the shares while allowing co-chairmen Joel Glazer and Avram Glazer to keep a stake.

A number of U.S.-based investment firms have also made offers to purchase a minority stake which would help the Glazers raise funds to redevelop Old Trafford.

Sources told ESPN that the Glazers have signed off United's pursuit of Chelsea midfielder Mason Mount, but manager Erik ten Hag is growing increasingly concerned about the impact the takeover could have on the rest of his transfer plans.

Ten Hag, who also wants at least one striker and a goalkeeper, remains in the dark about the size of the summer budget and has been concerned at the lack of information passed down from the board.

Read 91 times

Soccer

Ronaldo's $260m tops Forbes highest-paid list

Ronaldo's $260m tops Forbes highest-paid list

EmailPrintOpen Extended ReactionsCristiano Ronaldo topped Forbes' list of highest-paid athletes for...

Kanté in France's Euro squad despite Saudi move

Kanté in France's Euro squad despite Saudi move

EmailPrintOpen Extended ReactionsFrance coach Didier Deschamps included midfielder N'Golo Kanté in h...

Marsch: Wasn't treated well in USMNT coach hunt

Marsch: Wasn't treated well in USMNT coach hunt

EmailPrintOpen Extended ReactionsNewly appointed Canada coach Jesse Marsch has criticized U.S. Socce...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Murray, ice-cold in G6, adds elbow to injury woes

Murray, ice-cold in G6, adds elbow to injury woes

EmailPrintOpen Extended ReactionsMINNEAPOLIS -- Clearly affected by a right elbow injury suffered ea...

Fueled by Conley, Wolves roll by 45 to force G7

Fueled by Conley, Wolves roll by 45 to force G7

EmailPrintOpen Extended ReactionsMINNEAPOLIS -- It wasn't the Minnesota Timberwolves' dominant defen...

Baseball

Dodgers pitcher Sheehan undergoes UCL surgery

Dodgers pitcher Sheehan undergoes UCL surgery

EmailPrintOpen Extended ReactionsLOS ANGELES -- Emmet Sheehan, an important starting pitching depth...

Suit: Bad Bunny's agency hit with 'death penalty'

Suit: Bad Bunny's agency hit with 'death penalty'

EmailPrintRimas Sports, the agency founded by recording artist Bad Bunny, has accused the Major Leag...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated