Man United FC

BREAKING – Sir Jim Ratcliffe and Qataris ignore Man United takeover demand as details leaked

According to Football Insider, both factions publicly competing to buy Manchester United have defied Raine Group's wishes to keep some parts of the process under wraps.

Sir Jim Ratcliffe’s INEOS and a Qatari group led by Sheikh Jassim bin Hamad Al Thani have both made preliminary proposals to purchase United from the Glazers.

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However, neither party has matched the Glazers’ £6 billion value, and the sale is now expected to be postponed until towards the end of the season.

According to reports, the Qatari group and Ratcliffe have submitted bids valued between £4.5 billion and £5 billion.

Raine Group, which was tasked by the Glazers with handling the buyout process, has previously demanded that certain financial facts, such as the intended structure and value of offers, be kept confidential.

Yet, Football Insider has been informed of multiple instances in which prospective takeover companies or individuals operating on their behalf have violated this mandate.

While Raine Group would never have anticipated a deal of this magnitude to be completed without leaks, one well-placed source stated that the number of information leaked is astonishing.

There have been fewer offers for the club than expected, giving United’s Qatar suitors great hope that their deal will be accepted.

Elliott Management is the latest group to publicly propose to finance a proposal to buy United, although they have denied claims that they will make a bid for 60% of the club.

Another anonymous group from the other side of the Atlantic has also been linked to a full takeover.

Furthermore, Football Insider knows that the Qatari group has not been deterred by the outcry caused by Newcastle United owners PIF’s apparent admission in a US court case that they are a vehicle of the Saudi state.

Premier League CEO Richard Masters has previously stated that ownership regimes could be dissolved if they are deemed to be state-governed in retrospect, a charge leveled also at Sheikh Jassim’s consortium.

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