“11th hour…” – Manchester United takeover update involving Sheikh Jassim – reliable reporter

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A last-minute attempt to seize ownership of Manchester United is apparently being considered by Sheikh Jassim Bin Hamad Al Thani.

What is the newest Old Trafford takeover information?

As of the end of April, Jassim and Sir Jim Ratcliffe had submitted their third offers, making them the front-runners to purchase Old Trafford from the Glazers.

Though recent rumours indicate that Ratcliffe has moved far closer to a deal, Ratcliffe still appears to be in the lead. Unless the Qatari company lead by Jassim raises their offer, which it appears they are considering doing, the INEOS group is scheduled to enter final negotiations with the Glazers.

Regarding a potential takeover, Mike Keegan of The Daily Mail has been keeping readers updated throughout the process and recently reported another development.

As Ratcliffe remains in the lead, Keegan noted on Twitter that Jassim is considering a last-minute bid. The favoured bidder will probably be announced the next week, so a decision is not anticipated this weekend.

Old Trafford, Manchester United, and Premier League Key Moments

When it comes to a takeover, it appears like Jassim is down to his final chance, with time running out for him to make a last-minute offer. Ratcliffe’s offer would result in the Glazers keeping a 20% ownership stake in the team, which may further prolong the process if he were to do that.

Reports indicate that a deal with Ratcliffe may be worth up to £6 billion; however, Jassim’s third offer was only about $5 billion, suggesting that he may need to drastically increase his offer to have any chance.

Further events are likely to occur over the next several days, and with the summer transfer window rapidly approaching, each day that passes could affect the club’s transfer strategy.

With a transfer budget freeze in effect as a result of the ongoing takeover process, Erik ten Hag is rumoured to be “concerned” that a successful first season in change could be undone this summer. The manager will be hoping for a speedy resolution to the off-field problem over the next few weeks because a lot of acquisitions seem to be desired at Old Trafford, particularly in midfield and attack.

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