ESPN reported that Qatari owners, led by Sheikh Jassim Bin Hamad al-Thani, will make another offer to buy MU at a higher price. The above offer will be sent to MU’s financial advisory group, Raine Group, before 9pm tonight (UK time).
Meanwhile, British billionaire Sir Jim Ratcliffe is expected to submit a new bid after meeting at Old Trafford with the Glazers. In addition, the US hedge fund, Elliott Investment Management, also participated in this round. Sky Sports reports that more than five offers will be submitted before the deadline for the second round of bidding.
British billionaire Jim Ratcliffe recently told The Wall Street Journal: “How do you value a painting? How do you value a home? It has nothing to do with the cost of construction or the amount of money used to paint the house.”
“The thing I don’t want to do is spend stupid money buying and then regret it,” said Jim Ratcliffe.
The British billionaire and Qatari business group are considered the two brightest candidates when the Glazer family wants to sell the club. MU owners valued the club at £6 billion, but previous offers to buy were all lower. The second offers by Sheikh Jassim and Ratcliffe are likely to be close to the desired Glazer home price.
Yesterday (March 21), Mirror said Qatari investors can spend £ 5.5 billion to beat Ratcliffe and win ownership of MU. This deal will eclipse the £4.65 billion mark when the Denver Broncos in the NFL completed the change of hands last year.
According to The Athletic, the deadline for the transfer of owners to the Old Trafford club is before June, when the summer market opens. This helps the club have a clearer strategy in purchasing.
Nguyen Son | 12:28 Mar 22, 2023