Report from sportsmole states that Sheikh Jassim bin Hamad Al Thani is reportedly in pole position to complete a takeover of Manchester United.
Although the Glazer family set a soft deadline of Friday February 17 for interested parties to submit takeover bids for the 20-time English premier league champions.
Report also conformed that Sheikh Jassim and Sir Jim Ratcliffe publicly stated that they had tabled offers ahead of the deadline set by the Raine Group, who are handling the takeover process on the Glazer’s behalf.
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In February, Sheikh Jassim released a statement confirming his bid, saying: “The bid plans to return the club to its former glories both on and off the pitch, and – above all – will seek to place the fans at the heart of Manchester United Football Club once more.
Speaking “The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the club supports.”
A recent report claimed that both Sheikh Jassim and Ratcliffe have progressed to the second round of the takeover process.
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Although the pair have made it through to the next stage, it is believed that their offers fell below the £6bn asking price.
Despite failing to meet the Glazer’s valuation, both parties will now engage in further talks with the Raine Group about a potential takeover.
According to RMC Sport, Sheikh Jassim appears to have the edge over Ratcliffe and is in pole position to buy the Premier League giants.
The Qatari offer would rid the club of its debt without the need for a loan, which is something Ratcliffe is unwilling to do.
