This Train billionaire Sheikh Jassim bin Hamad bin Khalifa Al Thani raises bid Manchester United By making his fourth and last resort offer for the club, which appears to be close to £5bn.
The businessman intervened late after Sir, a lifelong United fan and petrochemical billionaire. Jim Ratcliffe He had submitted his third offer, valuing United by a higher figure.
As with all previous offers by Sheikh Jassim, he is currently seeking to buy 100 percent of the club, in which the Glazer family is the majority shareholder.
The Qatari also pledged to clear United’s £536m debt and promised a separate fund for the club and community.
Ratcliffe’s latest proposal allowed Joel and Avram Glazer, two of six siblings whose father Malcolm bought the club in 2005, to retain their stake while aiming to complete the takeover over the next few years.
He oversees the process for American merchant bank Raine Group Glazers. Although Ratcliffe emerged as the favorite to complete a deal, it was the previous three rounds of bids that did not meet the Glazers’ assessment.
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