• 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
Journalist gives Sheikh Jassim update as Manchester United preferred bidder timeframe reported

Home> Football

Published 18:26 11 Jun 2023 GMT+1

Journalist gives Sheikh Jassim update as Manchester United preferred bidder timeframe reported

An update on the Man Utd takeover process.

Ryan Smart

Ryan Smart

The Daily Mail's Mike Keegan has given a potential significant update on the status of the Manchester United takeover - and offered an update on the views of Sheikh Jassim's camp.

The Qatari businessman has launched five bids for United through his Nine Two Foundation, with the most recent of those arriving earlier this week.

It was reported by the Daily Mail that he was prepared to withdraw from any further negotiations should he not receive a respond on his bid by Friday - although the proposal would still remain on the table for the Glazer family to consider.

Advert

His main rival to take over Manchester United appears to be the proposal from Sir Jim Ratcliffe and Ineos, who want a majority stake in the club. Sheikh Jassim, meanwhile, only wants a full takeover.

According to a new report by Keegan, Ratcliffe's camp 'had been in advanced talks with Raine [US merchant bank handling negotiations] for a number of weeks' - and has now issued a fresh update over the takeover process.

Man Utd takeover update given

He has reported that a preferred bidder is 'expected' to be announced next week.

It is claimed that insiders from Sheikh Jassim's delegation 'now feel they are very much in the game' as the takeover process appears to be entering its next stage.

Advert

Furthermore, the report adds that, alongside Ratcliffe's talks, 'there was something of a breakthrough with their rivals'. The extent of the breakthrough is unclear.

There has been concern at Old Trafford about how manager Erik ten Hag's transfer dealings could be affected if a takeover is not concluded ahead of the window, which opens in three days' time.

The Athletic reported that the Dutchman will have a transfer budget of £100 million - which would not change even if a takeover were to happen due to Financial Fair Play (FFP) rules.

Featured Image Credit: PA / Alamy

Topics: Manchester United, Premier League

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:

4 hours ago
6 hours ago
9 hours ago
  • 4 hours ago

    Erik ten Hag to get rid of Bayer Leverkusen player for the second time after selling him to the club while in charge of Man Utd

    Former Manchester United boss Erik ten Hag looks poised to get rid of the same player for two different clubs.

    Football
  • 6 hours ago

    Fans lose their minds and say 'announce Yamal' after Barcelona superstar spotted in Premier League club's shirt

    Lamine Yamal sent fans wild this week after being seen in an iconic English football shirt.

    Football
  • 6 hours ago

    Sir Alex Ferguson ripped into former Man Utd star for what he allowed Cristiano Ronaldo to do

    Sir Alex Ferguson lectured the former Manchester United player following the incident with Cristiano Ronaldo.

    Football
  • 9 hours ago

    Football legend reveals he was on the verge of signing for Man Utd after idolising Old Trafford star for years

    The player represented the likes of Barcelona, Inter and AC Milan during his career but never got the chance to play for Manchester United.

    Football
  • Sheikh Jassim could launch fresh Man Utd takeover bid as new update emerges from Old Trafford
  • Major update on Man City's 115 charges hearing as Sky Sports give timeframe for decision
  • Roy Keane gives brutally honest answer when asked if he still supports Manchester United
  • Dan Ashworth leaves role as Manchester United sporting director after just five months in shock departure