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.
Manchester United’s shares were up 1.2 percent. The club declined to comment, and investment bank Raine Group that is running the bidding process did not immediately respond to a Reuters request for comment.
Sheikh Jassim’s offer falls short of the 6 billion pounds asking price set by current owners, the Glazer family, The Guardian reported in April.
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