14/10/2023
๐จ ๐๐๐๐๐๐๐๐๐: Sheikh Jassim new bid to buy Man United has been ๐ซ๐๐ฃ๐๐๐ญ๐๐ and he has ๐ฐ๐ข๐ญ๐ก๐๐ซ๐๐ฐ๐ง from the process to buy 100% of Manchester United ๐ถ๐ฆ
โ In the last few days, Sheikh Jassim has had further, final discussions and negotiations with the Glazers family to buy 100% of Manchester United.
โ Sheikh Jassimโs bid proposition, once again, does NOT meet the Glazersโ family own valuation.
โ Sheikh Jassimโs team decline to official comment on this news, citing confidentiality restrictions, but have confirmed theyโre set to withdraw from the process.
โ Sheikh Jassim had committed an additional initial amount of over $1.5 billion for the Club (not the sellers) to finance new stadium plans, also new training centre facilities, buy players and city/community regeneration projects).
โ As a result of these discussions and Sheikh Jassimโs proposition once again not being accepted โ Sheikh Jassim informed the Glazers in the last few days that heโs set to withdraw from the process.
โ Sheikh Jassim believes he would have been โdream ownerโ โ a fully cash bid, clearing all old debt, with zero new debt, for 100% of the Club.
โ Jassim had hugely ambitious plans for the Club and communities projects across the city. He is the only bidder who has offered to buy 100% of Manchester United.
โ Any minority investor โ for example Jim Ratcliffeโs reported latest proposal to buy minority stake of the club โ would leave the Glazers remaining at the club, which was never part of Sheikh Jassimโs vision.
โ Also, as a reminder, a minority bidder has the luxury to value the club higher, because theyโre only buying a small stake in the club (not 100%).
โ It remains to be seen if Glazers go with Ratcliffeโs minority offer after Sheikh Jassimโs planned decision.