Featured Image Credit: Alamy / Gary Oakley/Sportimage / PA / AP Photo/Brynn Anderson
Topics: Manchester United, Premier League, Qatar
Ryan Smart
Topics: Manchester United, Premier League, Qatar
Sheikh Jassim has offered a final 'take it or leave it' proposal to buy Manchester United through his Nine Two Foundation - but how much is the bid worth?
The Qatari businessman had submitted three bids for the club around each separate deadline set by the Glazer family. However, he submitted a fourth bid on Tuesday evening.
After the third bids, The Independent reported that Ratcliffe technically valued the club at a higher amount than Sheikh Jassim's bid, before claiming that the next 'seven to 10 days' could be decisive.
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Over two weeks have passed since then, with United supporters still not knowing who will be the next owners of their club. Ratcliffe has tabled a proposal for majority control of the club from the Glazers, with Sheikh Jassim reportedly wanting a full takeover.
Here is the latest on Sheikh Jassim's proposal.
According to The Guardian, the Qatari businessman, through his Nine Two Foundation, has tabled a bid of no more than £5.5 billion to buy Manchester United, and it has been described by several outlets as a 'take it or leave it' offer.
If successful, it would be a world-record sale of a sports team, breaking the record set when a consortium co-led by Todd Boehly took over Chelsea for £4.25 billion last year.
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Meanwhile, journalist Ben Jacobs claims the bid is inclusive of the pledged investment by Sheikh Jassim's foundation, which he says is to the value of $1 billion (£0.8 billion).
He has also reported, via sources, that the club valuation is in 'the same ballpark' as Ratcliffe's bid, which is around £5 billion.
A report from The Athletic claims that the Qatari bid includes wiping United's debt, which currently stands at over £500 million, with the pledged investment set back for the stadium and local community.
Whether Ratcliffe or Ineos responds to the latest bid remains to be seen.