Sheikh Jassim, the Qatari billionaire who has made a bid for Manchester United, is confident that he will be able to complete a takeover of the club. The process of attracting investment in the club has reached a third stage, with interested parties expected to submit fresh bids for the club by a new deadline of April 29th. The Raine Group received several bids from a host of interested parties in the second round, with the main two bids coming from Sheikh Jassim and Sir Jim Ratcliffe, both bidding for a full takeover of the club. However, with two of the six Glazer siblings keen to remain at Old Trafford, the club has also received minority investment bids that would allow the Americans to stay put. Despite reports that this is the Glazers’ preferred option, Jassim remains undisturbed and confident that his bid will prove successful. His offer is believed to be worth in excess of £4.5bn, while Ratcliffe’s is slightly lower to reflect the fact he would only be purchasing the Glazers’ 69% share of the club.
Sheikh Jassim remains optimistic about Manchester United acquisition despite Glazers’ desire to stay.
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