Qatar Consortium Willing To Overpay With Second Offer To Buy Manchester United From Glazers : Reports

The NINE TWO Foundation, a Qatari consortium led by Sheikh Jassim Bin Hamad Al Thani, is willing to overpay to take full ownership of Manchester United, according to Sky Sports.

In November of last year it was learned that the Glazers had put the Red Devils up for sale. The family is now inching closer to leaving Old Trafford after having had full ownership of the club for some 18 years.

Qatari banker Sheikh Jassim Bin Hamad Al Thani quickly emerged as the leading candidate to buy Manchester United. A consortium led by him launched a foundation called NINE TWO, said to be a reference to the club’s Class of ’92, for the same purpose.

Was confirmed last month that the NINE TWO Foundation made an official offer for the Old Trafford team. The consortium’s initial bid was reportedly worth £4 billion.

However, the Glazers believe the Premier League giants are worth at least £6bn. His valuation had raised questions about Sheikh Jassim’s proposed takeover of the club.

There were claims that the Qatari consortium will not overpay despite its keen interest in buying the Red Devils. However, they seem to have eased his stance after visiting the club in the middle of the week.

Sheikh Jassim sent a delegation on behalf of the NINE TWO Foundation to Old Trafford on Thursday (March 16). Following the meetings, they are now considering making a second offer for the club.

According to the aforementioned source, NINE TWO is now prepared to pay the odds to buy manchester united. They are expected to make an offer closer to Glazer’s valuation of £6bn next week.

Sheikh Jassim will hope that such an offer will be enough to convince the Glazers to sanction the sale of the club.

Jim Ratcliffe remains in the mix to buy Manchester United

Apart from the Qatari consortium, Sir Jim Ratcliffe also submitted a bid for Manchester United last month. In fact, the owner of the INEOS group was the first to publicly announce an offer for the club.

Like NINE TWO, INEOS also visited the Red Devils to meet the club’s management this week. Ratcliffe reportedly spent six hours at Old Trafford on Friday (March 17).

While the Briton’s initial amount is not disclosed, it apparently fell short of Glazers’ £6bn valuation. However, INEOS is considering coming back with an improved offer next week. It remains to be seen who emerges victorious in the race to buy the Premier league giants

Edited by Dakir Mohammed Thanveer


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