Man Utd bidder Sheikh Jassim has left Glazers with no choice after takeover ultimatum
Manchester United takeover hopeful Sheikh Jassim bin Hamad Al Thani may have shot himself in the foot on his quest to acquire the club. The prominent Qatari banker’s camp have repeatedly signalled to the Glazers that their final offer is on the table, only to then up the stakes.
United’s controversial owners have entertained a takeover process spanning nearly a year. Neither Sheikh Jassim nor fellow bidder Sir Jim Ratcliffe have met the Glazers’ £6billion asking price.
Red Devils fans are desperate for the billionaires to leave Old Trafford amid fierce criticism for saddling the club with debt and leading poorly from the top. But the Glazers are seemingly prepared to block out the noise until they receive their desired price tag.
Sheikh Jassim may only have himself to blame in that regard. The Qatari, who has promised massive investment in the club if his takeover proposal is accepted, has repeatedly tabled ‘final offers’ that are later increased.
Reports indicate that during negotiations with the Glazers and Raine Group, the bank overseeing the sale, Sheikh Jassim’s camp dished out the same ultimatum after their third, fourth and fifth bids were submitted.
