According to reports from several media outlets, Qatari Sheikh Jassim Bin Hamad Al Thani has won the race to become the new owner of the Glazer familiy’s Manchester United, beating out British billionaire Sir Jim Ratcliffe.
After eight months of takeover negotiations, several media outlets are reporting that the Glazer family have agreed to sell Manchester United to Qatari Sheikh Jassim Bin Hamad Al Thani.
‘The Sun’ reported on Monday that the result of the race between Sheikh Jassim and British billionaire Sir Jim Ratcliffe, could be announced this week, and now it appears it has.
The first to report the news was Qatari outlet, ‘Al-Watan’, which is owned by Sheikh Jassim’s father. The outlet published that the Qatari bid was successful, with the owners accepting the offer for 100% of the club. Qatari news outlets have remained fairly quiet about the takeover, which could suggest there is some credibility to the news.
American outlet ‘CNBC‘ reported that after the story broke, shares in Manchester United jumped 26% on the New York Stock Exchange and ‘Sport Bible’ published that the final offer came in at around £5.2 billion, with an extra £800 million proposed for investment on top of that.
🚨 BREAKING!
— UF (@UtdFaithfuls) June 12, 2023
There’s been a spike in Manchester United PLC stocks, which means NYSE have reacted to something they’ve heard about the takeover.
This is coming after an organisation owned by Sheikh Jassim’s father announced that Qatar have been successful with their bid. pic.twitter.com/sNmBCnoLcC