Sheikh Jassim earns £800 million. Manchester United made a vow after adopting Cristiano Ronaldo's advise.
Sheikh Jassim bin Hamad Al Thani is willing to invest £800 million in renovating Manchester United's facilities, only months after Cristiano Ronaldo trashed them.
With the Manchester United takeover story coming to an end, Sheikh Jassim bin Hamad Al Thani has offered to invest an additional $1 billion (£800 million) in the club's infrastructure and facilities in order to outbid Sir Jim Ratcliffe.
Ratcliffe, the CEO of petrochemicals firm Ineos, is thought to have valued the club more than Sheikh Jassim and the other competitor bids filed during the process's third and final stage last week.
Furthermore, the lifelong Manchester United fan would be willing to accommodate Avram and Joel Glazer's wishes by allowing the pair to retain a small stake in the club. Ratcliffe's initial offer is for the Glazers' controlling 69% stake in the club, rather than 100% ownership.
According to a new report from City AM, Sheikh Jassim's final offer for the club, which is estimated to be around £5 billion, includes an additional £800 million set aside for improving the club's infrastructure, primarily much-needed renovations at Old Trafford and the club's Carrington training facilities.
Cristiano Ronaldo recently slammed Manchester United's facilities, claiming that there has been little progress made to the club's infrastructure since his initial departure in 2009.
During his dramatic, contentious interview with Piers Morgan prior to his departure, he emphasized that adjustments should be done in light of the club's status and stature.
"Nothing has changed [since I left]," Ronaldo said to TalkTV in November. "The pool, jacuzzi, gym, and even some technology." Even the cooks I admire are nice individuals. I expected to see new technologies and infrastructure. I saw things I didn't see when I was 20, 21, or 23."
Others, notably Ronaldo's former colleague Gary Neville, have criticized the state of Old Trafford in recent years, admitting that the club has "fallen behind" several Premier League rivals in terms of the quality of their facilities.
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