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HomeTop LeaguesPremier LeagueDespite his deal falling through, Sheikh Jassim wants Manchester United to succeed

Despite his deal falling through, Sheikh Jassim wants Manchester United to succeed

Despite not reaching an agreement to purchase the club from the Glazers, Sheikh Jassim remains a devoted Manchester United supporter and desires their utmost success.

Last month, Sheikh Jassim terminated his bid effort by retracting his £5 billion offer to acquire Manchester United. As a result, Sir Jim Ratcliffe is poised to acquire a 25 percent stake in the club for over £1.25 billion.

Sheikh Jassim incurred significant costs for his bid but ultimately walked away due to his inability to reach an agreement with the Glazers, who have owned United since 2005 and have been seeking a sale since November 2022.

The Qatari bid encompassed a 100 percent acquisition of United in a debt-free transaction. Sheikh Jassim’s plan also included the intention to eliminate the club’s debts and allocate $1.7 billion (£1.38 billion) for infrastructure projects.

Simultaneously, one of United’s prominent shareholders has conveyed to the Financial Times that he is unaware of the status of Ratcliffe’s proposed acquisition of a minority stake.

Nick Train, of UK fund managers Lindsell Train, said: “I’ve got to assume that we’re closer to some sort of an announcement or crystallisation of value but who knows when or quite what shape it will take if the rumours are correct.

“I’ve no basis for knowing if they are or not.”

Lindsell Train has close to 20 percent of United’s class A shares, which are listed on the New York Stock Exchange. Train described the takeover procedure as “extremely convoluted and lengthy.”

Ethan Dempsey
Ethan Dempsey
Ethan is a lifelong football fan. When he is not obsessing over the Premier League games, Ethan likes to read fantasy tomes, watch football documentaries and waste hours upon hours on video games.
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