Sheikh Jassim submits 'enormous' final bid for Man Utd as full financial details revealed by journalist
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Sheikh Jassim has submitted a fifth and final bid for Manchester United - and the full financial details behind the offer have been revealed by a journalist.
The Daily Mail reported on Wednesday that the Qatari businessman, through his Nine Two Foundation, had launched his fifth proposal to complete a full takeover of United from its current owners, the Glazer family.
The report adds that Sheikh Jassim is prepared to withdraw from negotiations over a takeover if his bid is not met with a response by Friday - although the offer itself would still stand.
It is claimed that one of the key reasons behind the decision to launch another offer - just two weeks after his $5.5 billion fourth bid - is due to wanting to strengthen Erik ten Hag's first team squad this summer. The transfer window opens in seven days.
The Glazers are understood to value the club at £6 billion - which some view as too high a figure - and the takeover process has been drawn out since last November, when the United board announced they were seeking 'strategic alternatives' for the club.
Now, more details surrounding Sheikh Jassim's bid have been reported.
Sheikh Jassim bid details 'revealed'
According to journalist Ben Jacobs, the latest offer placed by the Nine Two Foundation is understood to be worth around $6.5 billion (£5.2 billion). There is also a proposed $1 billion (around £800 million) for investment on top of that.
Jacobs adds that, as claimed by Nine Two Foundation sources, the offer is at an 'enormous premium' on the club's current share price, and that the opening of the transfer window is seen as 'critical' to Sheikh Jassim. That has led to a decision to 'exert pressure or walk away', the journalist claims.
That was rivalled by a successful takeover of NFL franchise Denver Broncos in August, with an ownership group including seven-time F1 world champion Lewis Hamilton completing a deal worth $4.65 billion (£3.7 billion) - the biggest sale of an American sports franchise.
Sheikh Jassim's main rival to take over United appears to be the joint proposal from British billionaire Sir Jim Ratcliffe and his petrochemicals company INEOS, which wants to acquire a majority stake from the Glazers.
The Mail claim Ratcliffe's offer had been thought to be edging ahead in the race, although it remains to be seen whether the latest Nine Two Foundation bid will change the picture.