hypothetical sale for over 6 billion – Corriere.it

Manchester United shares run on the stock exchange (+9.8%) after the agency Reuters reported that the company is in talks for the granting of exclusivity to the consortium led by the Sheikh of Qatar Jassim bin Hamad al-Thani for more than 6 billion dollars for total control of the club. The story has been going on since the American ownership announced the sale through a press release dated November 22, 2022. In the note, the board announced the start of a process to explore strategic alternatives for the club. Among the options also the sale: The Board will consider all strategic alternatives, including new investments in the club, a sale or other transactions. The process is designed to enhance United’s growth, with the ultimate aim of capitalizing on opportunities both on the field and commercially.

Qatar’s offer

Sheikh Jassim presented a fifth and final improved offer of around $6.3 billion for total control of Manchester United on June 7, reports reports. The Glazer family, owners of the club, consider this proposal more favorable than that of the British billionaire Jim Ratcliffe, owner of the chemical giant Ineos. Ratcliffe’s offer would allow the Glazers to maintain a presence in the club, which is why until recently Ratcliffe, the richest man in the UK, seemed the favorite for the takeover. But according to the latest rumors, Jassim bin Hamad al-Thani seems destined to win.

The negotiations

The deal would be one step away from the settlement. With this operation, Qatar takes control of another prestigious European club after Paris Saint Germain. According to sources cited by the Reuters agency, the outcome is not yet certain and a new offer from Ratcliffe could prevent the Qatari sheikh from securing exclusive rights. At the moment both the Glazer family and Jassim bin Hamad al-Thani prefer not to comment. The Qatari newspaper Al-Watan is certain of the sheikh’s success. Congratulations to Shaikh Jassim bin Hamad bin Jassim on his takeover of @ManUtd, the editor of Al Watan newspaper tweeted, noting that all the rumors point to Sheikh Jassim bin Hamad bin Jassim’s successful takeover of Manchester United . According to CNBC, the editor of the newspaper, president of Aramsite Group, a political consultancy based in Doha, also congratulated Sheikh Jassim. The club is the fourth richest in the world according to an analysis by Deloitte.