\n
Sheikh Jassim bin Hamad Al-Thani<\/strong><\/p>\nA consortium led by Qatari banker, Sheikh Jassim bin Hamad Al-Thani, will make an improved bid today to buy Manchester United, sources have told ESPN.<\/p>\n
The offer, which follows a 10-hour meeting held with the club last Thursday, will be submitted to Raine Group before the 9 p.m. UK deadline.<\/p>\n
British billionaire, Sir Jim Ratcliffe, is also expected to submit a bid on Friday after similar meetings held at Old Trafford and United\u2019s Carrington\u2019s training base.<\/p>\n
Sources have told ESPN that Raine Group expect other bids \u2014 not yet made public \u2014 to be submitted while parties interested in minority investment rather than a full takeover, including US-based hedge fund Elliott Investment Management, will also make offers.<\/p>\n
Sources have told ESPN that consortiums bidding for control of the club were given priority during the second round of the process, handled by Raine, but that existing owners the Glazer family are keeping their options open.<\/p>\n
They announced in November they would look at \u201cstrategic alternatives.\u201d<\/p>\n
Sources say that the Glazers value United at around \u00a36 billion, although indicative offers received before Raine\u2019s initial soft deadline on February 17 fell below their asking price.<\/p>\n
Second offers submitted by Sheikh Jassim and Ratcliffe, Chairman and CEO of chemical company INEOS, are expected to be closer to the Glazers\u2019 valuation.<\/p>\n
Sources close to Sheikh Jassim\u2019s bid believe it is \u201ccompetitive,\u201d with officials remaining \u201cvery confident\u201d it will be successful.<\/p>\n
Ratcliffe, meanwhile, has said he will not pay a \u201cstupid price\u201d for the club.<\/p>\n
\u201cHow do you decide the price of a painting? How do you decide the price of a house? It\u2019s not related to how much it cost to build or how much it cost to paint,\u201d Ratcliffe told The Wall Street Journal.<\/p>\n
\u201cWhat you don\u2019t want to do is pay stupid prices for things because then you regret it subsequently.\u201d<\/p>\n
Sources have told ESPN that United staff have been told to expect \u201cclarity\u201d on the club\u2019s ownership situation by the end of the season.<\/p>\n
\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"
Sheikh Jassim bin Hamad Al-Thani A consortium led by Qatari banker, Sheikh Jassim bin Hamad Al-Thani, will make an improved bid today to buy Manchester United, sources have told ESPN. The offer, which follows a 10-hour meeting held with the club last Thursday, will be submitted to Raine Group before the 9 p.m. UK deadline. […]<\/p>\n","protected":false},"author":1,"featured_media":47490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-47489","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports"],"yoast_head":"\n
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