Hamad Al-Thani Jim Ratcliffe Manchester Usa as Hamad Al-Thani Jim Ratcliffe Manchester Usa

Manchester United takeover latest as Sir Jim Ratcliffe 'outbids' Sheikh Jassim with £5bn+ offer

manchestereveningnews.co.uk

The deadline for bids to buy Manchester United may have passed late on Friday night, but that was only the beginning before a weekend of rumours and reports about who has an advantage in the ever-changing process.

Sir Jim Ratcliffe's INEOS and the Sheikh Jassim bin Hamad Al Thani fronted Nine Two Foundation remain the two frontrunners that much is agreed on.

Picking a party who is in pole position and pipping the other to being bestowed with preferred bidder status by the merchant bank Raine and, by extension, the Glazer family is an altogether different question.

All of that assumes that selling a majority stake is the intention of United's owners. American investment firms Ares, Carlyle and Elliott are all bidding to become minority stakeholders and help finance refurbishments at Carrington and Old Trafford. ALSO READ: United have already made a strong start to their transfer window Here is a round-up of the latest reports after Friday's deadline day. Ratcliffe 'outbids' Sheikh Jassim with £5bn+ offer Ratcliffe and INEOS widely reported to value United higher than the Sheikh Jassim fronted Nine Two Foundation during the third and final round of bidding to acquire the club.

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Sheikh Jassim has submitted an improved bid in his attempt to buy Manchester United from the Glazer family, the PA news agency understands.
MANCHESTER: Qatar’s Sheikh Jassim bin Hamad Al-Thani made an improved final offer for Manchester United in an attempt to see off his main rival British petrochemicals billionaire Sir Jim Ratcliffe, The Times reported on Tuesday. Sheikh Jassim is offering to buy 100 percent of the club now for a price nearer to £5 billion ($6.31 billion), the report said.
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