Man Utd takeover off? Journalist drops concerning Sheikh Jassim update that will anger supporters
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Sheikh Jassim is becoming 'increasingly uncertain' over whether the Glazer family will sell Manchester United, according to a new report.
The United takeover process is currently still continuing, over seven months since the board announced, via the club's official website, that they were seeking 'strategic alternatives' for the club.
One of those strategic alternatives was a potential sale of a partial or greater stake in the club, and Sheikh Jassim - through his Nine Two Foundation - wants a full takeover of the club.
He has submitted five bids for the club during the process, with journalist Ben Jacobs claiming that the final bid was worth around £5.2 billion, with around £800 million of promised investment on top of that.
The Guardian claimed last month that Sheikh Jassim had 'slipped ahead' of his main rival, Sir Jim Ratcliffe and INEOS, while Bloomberg reported that the Qatari camp was 'increasingly confident' that it had won the takeover race.
But officially announced progress, from the Glazer family themselves, has been non-existent.
There has been much speculation around the status of both offers. Bloomberg financial reporter David Hellier claimed to United View last week that Ratcliffe's proposal had received opposition from minority shareholders, who would not be bought out as part of the bid. The British billionaire wants a majority stake in United.
Neither party, though, is out of the race.
According to a new report, however, there are fresh concerns over the process.
Sheikh Jassim 'uncertain' as latest Man Utd takeover update drops
The Guardian's Jamie Jackson has claimed that Sheikh Jassim is 'increasingly uncertain' about whether Manchester United will be sold by the Glazer family.
The report adds that both the Qatari businessman and his advisors are 'frustrated with the pace of the potential transaction'. Furthermore, there is said to have been 'no concrete communication' over his fifth and most recent bid from US merchant bank Raine Group, who are overseeing negotiations on behalf of the Glazers.
Finally, there is also the claim that Sheikh Jassim is aware the situation could change quickly, due to 'the lack of clarity' involved.
Having missed the deadline to be installed in time for the beginning of the summer transfer window, both Sheikh Jassim and Ratcliffe are currently onlookers to United's summer transfer business.