Wed | May 31, 2023

Man United bidders set to make latest takeover offers

Published:Tuesday | March 21, 2023 | 8:46 AM
Businessman Jim Ratcliffe leaves Old Trafford, in Manchester, England, Friday, March 17, 2023. Bidders are getting a closer look at Manchester United as the potential sale of one of the biggest soccer clubs in the world gathers pace. (Peter Byrne/PA via AP)

MANCHESTER, England (AP) — After a series of high level meetings last week, a second round of bids to buy Manchester United are due Wednesday.

Representatives of Sheikh Jassim bin Hamad Al Thani toured Old Trafford and the club's training ground last Thursday, meeting with United executives.

Jim Ratcliffe held talks with the Premier League club on Friday and was pictured being greeted by chief executive Richard Arnold. American investment firm Elliott Management has also held meetings with a view to providing capital for takeover bids or other finance options.

Indicative offers were submitted to American merchant bank Raine last month, with Sheikh Jassim and Ratcliffe confirming their intention to buy out the Glazer family, the current owners of United.

The next stage of the process included a closer look at United's business and meetings with key executives before making renewed bids.

Sheikh Jassim is chairman of Qatar Islamic Bank and the son of a former Qatari prime minister.

He is aiming to take 100% ownership of United and is intent on investing in the club's stadium and training facilities. He sent real estate advisers as part of his delegation last week.

Ratcliffe is the billionaire owner of petrochemicals giant INEOS and is bidding for majority ownership after launching a failed attempt to buy Chelsea last year.

United is expected to become the most expensive sports team in history, with the price estimated to reach up to $6 billion.

Follow The Gleaner on Twitter and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at or