• Football
  • Boxing
  • UFC
  • Home
  • Football
    • England
    • Transfer News
    • Premier League
    • Champions League
    • Lionel Messi
    • Cristiano Ronaldo
    • EA FC 25
    • Wrexham
  • Boxing
    • Tyson Fury
    • Anthony Joshua
    • Oleksandr Usyk
    • Mike Tyson
    • Jake Paul
    • Logan Paul
  • UFC
    • Dana White
    • Conor McGregor
    • Khabib Nurmagomedov
    • Jon Jones
    • Paddy Pimblett
    • Joe Rogan
  • Other Sport
    • Athletics
    • Formula 1
    • MMA
    • Motorsport
    • NBA
    • Darts
    • NFL
    • Snooker
    • Wrestling
    • Tennis
    • Cricket
    • Golf
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
David Ornstein provides Man Utd takeover update amid claims Sheikh Jassim has 'won race'

Home> Football> Football News> Man Utd

Updated 10:33 23 Aug 2023 GMT+1Published 10:34 23 Aug 2023 GMT+1

David Ornstein provides Man Utd takeover update amid claims Sheikh Jassim has 'won race'

David Ornstein has given an update.

Ryan Smart

Ryan Smart

David Ornstein has given an update on the Manchester United takeover process amid a report that Sheikh Jassim's bid has 'won the race'.

The takeover process has been ongoing since November 2022, with Sheikh Jassim's Nine Two Foundation and the joint proposal from Sir Jim Ratcliffe and Ineos among the leading contenders to take over at Old Trafford from the Glazer family.

Sheikh Jassim wants a full takeover of United, while Ratcliffe and Ineos want a majority stake.

Advert

But progress has been slow, with various reports claiming via sources earlier last month that it had even been 'paused'.

According to a report by The Sun's Neil Custis on Tuesday, Sheikh Jassim has won the race, with his team now completing due diligence on the club.

Custis claims that an announcement over the takeover is pencilled in for mid-October, with a deal completed for a total sum of £6 billion.

Advert

The Daily Mail reported in June that Sheikh Jassim's final bid also included planned investment in infrastructure and transfers.

Speaking on Sky Sports News, meanwhile, Ornstein appeared to play down claims that a deal is done.

David Ornstein gives Man Utd takeover update

Ornstein, who writes for The Athletic, explained: "We've seen a number of false dawns, going back to before the transfer window, in this prolonged process.

Advert

"We've seen one moment, the Qataris were ahead, then the next moment it was Ineos. Then the whole process seemed to be paused.

"There was a consensus that this would get some sort of resolution after the transfer window, because it's affected them in the transfer market. It's affected so much discourse around the club.


"The big unanswered question amongst all of it is whether the Glazers really will sell when push comes to shove. So far, we haven't had an answer on that. But perhaps we are getting towards it now."

Advert

If a takeover is completed by mid-October, it would allow the new United owner to be in place for the January transfer window.

United have spent a significant amount under Glazer ownership this summer, with deals for Mason Mount, Andre Onana and Rasmus Hojlund costing over £150 million.

They are also closing in on a £30 million move for Nice centre-back Jean-Clair Todibo, according to French outlet L'Equipe.

Featured Image Credit: Getty / PA

Topics: Premier League, Manchester United, Sheikh Jassim

Ryan Smart
Ryan Smart

Live in constant hope of the top flight as a Preston North End fan. Written in the past for SPORF, GiveMeSport and more.

Advert

Advert

Advert

Choose your content:

9 hours ago
10 hours ago
12 hours ago
  • 9 hours ago

    ITV forced to apologise TWICE on behalf of Tyson Fury after what he said live-on-air during Soccer Aid

    Fury was interviewed on-air at Old Trafford - with perhaps an expected result...

    Football
  • 9 hours ago

    Thomas Tuchel told to call up player to his next England squad as fans say already he's outgrown U21 side

    The England boss has been told to promote a talented U21 after his recent performances.

    Football
  • 10 hours ago

    Jack Grealish ‘pranked’ into paying fan’s bill on holiday as TikTok goes viral

    The Man City star has been brutally pranked as his teammates prepare for the Club World Cup

    Football
  • 12 hours ago

    Trent Alexander-Arnold received two gifts from Real Madrid after signing contract with the club

    Trent Alexander-Arnold received two gifts following his transfer to Real Madrid.

    Football
  • Sheikh Jassim could launch fresh Man Utd takeover bid as new update emerges from Old Trafford
  • What happened to the 10 players Sheikh Jassim 'wanted to sign' at Man Utd amid new takeover bid rumours
  • Sheikh Jassim makes decision on launching new Man Utd takeover bid after losing out to Sir Jim Ratcliffe
  • Sheikh Jassim's true feelings on buying Man Utd in the future revealed a year on from failed takeover bid