The board of Manchester United had previously announced in November their intention to consider a complete sale as one of the options.
Sir Jim Ratcliffe and Sheikh Jassim publicly confirmed their initial offers in February. However, Sheikh Jassim has now made a fifth bid to acquire the club, maintaining the offer for 100% ownership. The individuals involved in Sheikh Jassim’s bid have indicated that this will be their final offer.
According to sources at Sky News, Sheikh Jassim’s bid team will not be involved in the process beyond Friday. Nevertheless, this latest offer comes after what was referred to as a ‘final offer’ made by Sheikh Jassim in late April.
In May, a fourth offer was submitted to the Raine Group, rumoured to be close to £5 billion but falling short of the Glazer family’s valuation of £6 billion. The Raine Group is the New York-based investment bank overseeing the sale of the club.
The third and final round of bidding concluded on April 28, and reports surfaced last month suggesting that a revised offer from Sir Jim Ratcliffe and INEOS had positioned them as the frontrunners to acquire Manchester United. However, Sheikh Jassim’s latest move indicates his renewed interest in the club’s acquisition.
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