Jim Ratcliffe Britain reports Jim Ratcliffe Britain

Sheikh Jassim could have just days left to save Manchester United takeover

manchestereveningnews.co.uk

If the latest reports are to be believed, Sheikh Jassim's hopes of completing a takeover at Manchester United have just got slimmer.

The Qatari banker launched his bid for the club all the way back in February after the Glazers announced they were 'seeking strategic alternatives' last November.

Sheikh Jassim emerged as an early frontrunner, although British billionaire Sir Jim Ratcliffe has remained firmly in the race as well.

Several rounds of bidding have followed since those February bids, before the Sheikh submitted a fifth and final offer for United in June having decided the current owners and the Raine banking group which is conducting the sale process have had ample time to seek or request clarification and revision of his offer. ALSO READ: What happened in behind-closed-doors friendly ALSO READ: United are set for season-defining run of fixtures However, it appears Sir Jim has been more flexible.

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MANCHESTER, England: If British billionaire Jim Ratcliffe is successful in his attempt to buy a minority stake in Manchester United, he could end up with a major say in the running of the underperforming club. The owner of petrochemicals giant Ineos appears to be ready to invest in the storied English soccer club after rival Sheikh Jassim bin Hamad Al Thani of Qatar said over the weekend he was withdrawing from the bidding process. Ratcliffe is trying to buy a 25 percent share of United and also wants to run soccer operations, a person with knowledge of the proposal told The Associated Press. The person spoke on the condition of anonymity because they were not authorized to comment publicly. United’s American owners, the Glazer family, in November announced plans to seek outside investment that could have resulted in the sale of the 20-time English league champions. Ratcliffe initially bid for the family’s controlling stake of about 69 percent, while Qatari banker Sheikh Jassim wanted 100 percent of the club. With the process dragging on beyond an expected completion date of June, Ratcliffe has adjusted his offer and that could pave the way to him becoming a co-owner of the club he has supported since he was a child. THE PROPOSAL Ratcliffe’s bid would mean the Glazers, who also own the Tampa Bay Buccaneers, remain in control of United.

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