According to sources, Sheikh Jassim cooled down talks with the Glazers earlier in the Manchester United takeover process. Though Sir Jim Ratcliffe is a formidable rival, the billionaire from Qatar is ready to buy the Red Devils. Even if the story is coming to a close, it’s still unknown what the Americans will do as they maintain their hold on power at Old Trafford.
According to El Pais, Sheikh Jassim was stunned in March when the Glazers raised their asking price for United.
They had earlier told the Qataris they were prepared to accept a bid of around £5.2 billion if it meant they could finally pack their bags and depart.
Sheikh Jassim was shocked when the family ultimately chose to increase their claims to approximately £6 billion.
This allegedly compelled him to temper his negotiations with the club since the Qatari billionaire was worried about how things were turning out.
But now the lines of communication are open again.
Sheikh Jassim has so far submitted four bids for United, with his most recent arriving on Tuesday earlier this week.
Despite rumors that he would come back with a fifth and final offer, it has been regarded as a “take it or leave it bid.”
The INEOS CEO is willing to allow Joel and Avram Glazer to stay at United in reduced roles, so Ratcliffe is still in the running.
Sheikh Jassim, despite links to teams like West Ham and Tottenham, isn’t giving up and is still determined to purchase a Premier League club.
The Glazers insist that they won’t simply sell United for any sum of money.
Additionally, they reconsidered their asking price for the club when Todd Boehly purchased Chelsea for £4.25 billion the previous year.
The United supporters’ favorite takeover candidate appears to be Sheikh Jassim, who has a lot of support.
However, the Glazers have never treated supporters of the Red Devils with any respect, so it is unlikely that this will change.
United are still in transition as the season’s end draws near.
Nevertheless, after defeating Bournemouth 1-0 on Saturday, they appear to be in a position to compete in the Champions League the next campaign.
United are probably going to go on a summer spending binge now that a spot in the top four is all but certain.
No matter who has the reins, the club is reportedly eager to spend up to £434 million on new players.
In the meantime, ESPN journalist Mark Ogden recently asserted that Sheikh Jassim would consider purchasing Tottenham if he is unable to acquire United.
“PSG was a great move [for the club’s Qatari owners] because it’s in Paris, which is a fantastic city, but I think they’ve found over the years that Ligue 1 is just not big enough,” he remarked.
“Someone recently told me that the Qataris will return and could end up buying Tottenham if they don’t purchase Manchester United.
He remarked, “Look, if Qataris buy Tottenham, Manchester City is controlled by Abu Dhabi, Newcastle is owned by Saudi Arabia, and you have three clubs that may pull away.
The prospect of competing with United, Liverpool, Chelsea, and Arsenal for a fourth place every year is very daunting for them.