MX23RW : Thursday, November 21 13:26:11| >> :60:1946:1946:

Sheikh Jassim 'on the verge of completing Manchester United takeover'

Sheikh Jassim 'on the verge of completing Man United takeover'
© Reuters
Sheikh Jassim bin Hamad Al Thani is allegedly closing in on a takeover of Manchester United, with an announcement thought to be imminent.

Sheikh Jassim bin Hamad Al Thani is reportedly closing in on the purchase of Manchester United, with an announcement allegedly potentially being made 'in the next few hours'.

Last November, the Glazers, who currently own Man United, made it clear that they were open to selling the club, and Sheikh Jassim has emerged as the favourite to complete a takeover alongside Sir Jim Ratcliffe.

Last month, Ratcliffe was thought to be the clear favourite, with the British billionaire potentially being named as the club's preferred bidder.

However, the situation has changed of late, with Sheikh Jassim now believed to be firmly in the driving seat, as the Qatari banker looks to complete a 100% takeover.

According to Al Raya, the purchase contract could allegedly be signed by the Glazer family 'within the next few hours', with Sheikh Jassim's representatives believing that a deal is almost complete, which would bring the saga to a close.

General view inside Old Trafford before the match on January 10, 2022© Reuters

The total cost of the deal to buy Man United could reportedly reach £6bn, which is believed to be the figure that the Glazers have been working towards since last November.

Ratcliffe is only believed to be looking for a controlling stake at this moment in time, with a full takeover of the club potentially being completed after three years.

The structure of Ratcliffe's proposal would seemingly have seen the Glazers stay at Old Trafford as minority shareholders, which had allegedly been favoured by at least two of the siblings.

However, Sheikh Jassim is looking to complete a full 100% takeover, and the Qatari has also made it clear that he would be willing to make additional funds available to improve Old Trafford and the club's Carrington training complex.

Ineos chairman Jim Ratcliffe is pictured at Old Trafford in Manchester, Britain, March 17, 2023© Reuters

Man United are still pressing ahead with their plans for the summer window, with Chelsea's Mason Mount on the verge of completing a move, having now undergone a medical.

Mount has already revealed that he is leaving Chelsea this summer, and he is set to become Man United's first signing of the summer window.

A recent report claimed that there might now only be £65m left in the budget to sign a new goalkeeper and centre-forward, but Sheikh Jassim's arrival could increase the money available for transfers.

Man United won their first trophy in six years last season, lifting the EFL Cup at the end of February, while they will be back in the Champions League next term after finishing third in the 2022-23 Premier League table.

Former Red Devils captain Rio Ferdinand recently said that he is expecting Sheikh Jassim to become the club's new owner in the near future.

ID:517668:1false2false3false:QQ:: from db desktop :LenBod:collect4558:

Manchester United takeover - Click here for more stories

Click here for more stories about Jim Ratcliffe

Click here for more stories about Manchester United

Collect / Create New Data
Share this article now:
Ineos chairman Jim Ratcliffe is pictured at Old Trafford in Manchester, Britain, March 17, 2023
Read Next:
Ratcliffe's Man United takeover bid 'dead in the water'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free daily transfer newsletter! Sent twice a day during the transfer window.
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City117222213923
3Chelsea115422113819
4Arsenal115421812619
5Nottingham ForestNott'm Forest115421510519
6Brighton & Hove AlbionBrighton115421915419
7Fulham115331613318
8Newcastle UnitedNewcastle115331311218
9Aston Villa115331717018
10Tottenham HotspurSpurs1151523131016
11Brentford115152222016
12Bournemouth114341515015
13Manchester UnitedMan Utd114341212015
14West Ham UnitedWest Ham113351319-612
15Leicester CityLeicester112451421-710
16Everton112451017-710
17Ipswich TownIpswich111551222-108
18Crystal Palace11146815-77
19Wolverhampton WanderersWolves111371627-116
20Southampton11119721-144


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!