According to a new report, Sheikh Jassim is still awaiting news from the Glazer family about his fourth arrival at Manchester United.
The Qatari businessman has made all four offers to United through his Nine Two Foundation, with Ben Jacobs saying his latest offer is worth £5.6 billion.
If the Sheikh Jassim deal is sold, it would be a world-record sale for any sports team - eclipsing the £4.25 billion a consortium co-led by Todd Boehly paid for it. back at Chelsea last year.
Its main rival appears to be the joint proposal of British billionaire Sir Jim Ratcliffe and petrochemical company INEOS. INEOS also has a 1/3 equal stake in the Mercedes F1 team and owns the Ligue 1 club Nice. Advertisement
The two proposals are different. Ratcliffe, according to Sky News, has proposed a majority takeover that would include "put and call" provisions to force the Glazers to sell their remaining shares at a later date. Meanwhile, Sheikh Jassim just wants to take over United completely.
Now the latest update has been released on the takeover process.
Update on certain Man Utd takeover
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According to The Guardian's Jamie Jackson, Sheikh Jassim has not yet received a response from the Glazers regarding his fourth and final offer to United. It was submitted earlier this month, after the initial deadline for bids expired.
Sky News reported on Sunday that Ratcliffe remains the 'principal candidate' to take over at United - despite an 'inconclusive' board meeting held last week.
The report adds that the board has received an update on the takeover process from US commercial bank Raine Group, which is overseeing the negotiations.
In addition, sources said the directors have yet to choose to enter into exclusive negotiations with which party, although Ratcliffe and Ineos remain the 'lead' bidders.
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And an agreement signed with either bidder would be "unlikely" before United play in the FA Cup final against Manchester City on Saturday. Regarding the summer transfer, The Athletic have reported that the club's initial budget will be £100m regardless of the outcome of the takeover, David Ornstein told FIVE that sources in the club believes United may have to sell players before they can bomb. significant cost.
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