LGBTQ+ activist concerned by potential Qatari takeover of Man Utd
All signs point to the Glazers getting Manchester United takeover candidates ‘deep into this process’, according to journalist Ben Jacobs. Sheikh Jassim submitted his fifth bid for the club earlier in the week. But it’s still unclear if the Qatari billionaire or Sir Jim Ratcliffe will secure power at Old Trafford as the clock ticks down.
Sheikh Jassim has made it clear his fifth bid for United will be his last, with the mysterious figure growing frustrated at the delay to proceedings.
And journalist Jacobs, speaking to GiveMeSport, has claimed ‘all signs point the Glazers getting both groups deep into the process’.
“There have been, what I understand to be, in-depth conversations and direct conversations between the Glazers and the Nine Two Foundation as well,” he said.
“All signs point to the fact that the Glazers are actually getting both groups to get deep into this process.
“If they green-light one of them, they’ll be in a position, transactionally speaking, to move as fast as possible.
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“I think that’s why both groups have been in the dark for so long.”
Sheikh Jassim’s latest bid is worth around £5.2billion up front.
He’s also willing to provide investment in the club as a whole, as well as the local Manchester community.
But there’s still no indication the Glazers will accept as the clock continues to tick down.
Ratcliffe has long been considered the frontrunner, with the INEOS chief willing to let the Glazers stay as part of his plans.
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Members of the family would then be permitted to sell their existing shares for a premium further down the line.
Yet there’s also the possibility the Glazers will stay on, reject offers from Ratcliffe and Sheikh Jassim and accept an offer of minority investment instead.
Firms such as Carlyle Group and Elliot Management are ready to provide funds for the family that would allow them to pay for the redevelopment of Old Trafford and the club’s Carrington training complex.
And with brothers Joel and Avram long enjoying being owners of United, it’s unclear what will happen.
It was announced back in November that the Glazers were open to a potential takeover of United.
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Fast-forward to now, however, Erik ten Hag remains in the dark when it comes to the club’s transfer plans.
The Dutchman is keen to improve his squad as he looks to end Manchester City’s dominance of domestic football next season.
But United can’t sign anybody until they know who will be sanctioning deals going forward.
Meanwhile, Gary Neville recently opened up on the takeover process and once again pleaded for the Glazers to pack their bags and leave for good.
“I’ve not heard the pledges that have been made by any of the bids,” he said.
“At the moment, there’s the Jim Ratcliffe bid, the Qatari bid and a number of US investment funds.
“I don’t want private equity into an English football club, I’ll be really clear. I don’t think it works.
“I think football is about emotion. Believe it or not, in Manchester, I have a partnership with a US private equity fund and in other sectors of life, I love international investment.
“But I think in football clubs, you can’t go into it purely because you want to see a return.
“When it comes to the current bids, at this moment in time, I think Jim Ratcliffe’s bid has its merits, the Qatari bid has its own merits.
“My main concern at this moment in time is that the Glazer family sell and that they remove themselves from the club. They’ll make a lot of money, well done for that.
“They’ve proved to be very astute business people but now it’s time to hand over control because the club has deteriorated under their ownership.”
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