Sheikh Jassim has submitted his fifth and final offer to Manchester United - and the full financial details of the offer have been revealed by a reporter.
The Daily Mail reported on Wednesday that the Qatari businessman, through his Nine Two Foundation, has made a fifth proposal to complete a complete takeover of United from its current owners, the Glazer family.
The report adds that Sheikh Jassim is willing to walk away from takeover talks if his offer is not met by Friday - although the offer itself remains in effect.
It is thought that one of the main reasons behind the decision to make another bid - just two weeks after the fourth bid for $5.5 billion - was due to the desire to strengthen the first team. by Erik ten Hag this summer. The transfer window will open in seven days. Advertisement
The Glazers value the club at £6 billion - which some say is too high a figure - and the takeover process has dragged on since last November when United's board announced they were looking for search for "strategic alternatives" for the club.
Now, more details of Sheikh Jassim's offer have been reported.
Details of Sheikh Jassim's offer 'revealed'
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According to journalist Ben Jacobs, the latest offer made by the Nine Two Foundation is worth around $6.5 billion (£5.2 billion). There is also a $1 billion investment project (about £800 million).
Jacobs added that, as Nine Two Foundation sources assert, the offer is 'much higher' than the club's current share price and the opening of the transfer window is considered "important". important" to Sheikh Jassim. This led to the decision to "pressurize or walk away," the journalist said.
If the offer is accepted by the Glazers, it will lead to a world-record sale for a sports club. A consortium co-led by Todd Boehly bought Chelsea for £4.25 billion in February 2022.
That was rivaled by the NFL's successful franchise takeover of the Denver Broncos in August, with an ownership group that included seven-time F1 world champion Lewis Hamilton striking a deal worth $4.65 billion (£3.7 billion) - the largest US sports franchise sale.
Sheikh Jassim's main opponent to take over United appears to be a joint proposal by British billionaire Sir Jim Ratcliffe and his petrochemical company INEOS to buy back a majority stake from the Glazer family. The Mail says Ratcliffe's bid aims to stay ahead of the game, although it remains to be seen whether the Nine Two Foundation's latest bid is a game changer.
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