- Sheikh Jassim is on the verge of finalizing a £6 billion acquisition of the club, leaving Sir Jim Ratcliffe in the shadows.
After months of ongoing drama since the initial offering for sale in November, Manchester United appears to have found its new owner.
- Takeover process characterized by slowness
- Sheikh Jassim positioned to finalize the acquisition
- Glazers won’t maintain any ownership in United
The Qatari royal, as reported by The Sun, is set to acquire the Red Devils for an estimated £6 billion ($7.9 billion).
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According to the report, a specific date has been established for Sheikh Jassim to assume control.
Importantly, the controversial Glazer family will not retain any ownership stake in the club moving forward.
Sir Jim Ratcliffe, a prominent British billionaire, had been Sheikh Jassim’s primary competition in the bidding.
However, sources suggest that Ratcliffe’s proposal would have allowed the Glazers to maintain partial ownership of the club.
In contrast, Sheikh Jassim is set to execute a complete takeover of Manchester United.
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His plans reportedly encompass investments in the team’s stadium and infrastructure, coupled with enhancements to the first-team roster.
The much-anticipated announcement of the acquisition could materialize as early as next month, signalling the dawn of a potentially successful new chapter for Manchester United.
