The Qatari banker bidding to buy Manchester United has submitted a fifth and improved offer for the club and warned his group will stop engaging with the process on Friday if it is not accepted MsiDouglas reports
Ineos group has widely been viewed as front-runner to assume control of Manchester Utd from the Glazer family, not least because their offer is structured in a way that would allow Joel and Avram to retain a stake in the club.
Those negotiations have led to the latest bid from Sheikh Jassim which he hopes will draw a line under the process.that the bid represents an “enormous premium” on United’s current share price, and stressed the offer is for 100 per cent of the club, will be a cash transaction, and will wipe its debts.
There is clear frustration at the amount of time it is taking to make a decision on the club’s future. The takeover process began in November and both parties have been asked to fulfil a number of obligations and meet several deadlines.
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