The Glazers, who control Manchester United, are currently deliberating proposals from Sheikh Jassim bin Hamad Al-Thani and Sir Jim Ratcliffe.
As he waits for information on the sale, INEOS founder Sir Jim Ratcliffe has acknowledged that losing the bid to acquire Manchester United is not an option for him.
Ratcliffe is one of the two candidates in the running to purchase the Reds after the Glazers announced a “strategic review” in November. At the time, this study was understood to include the possibility of a full sale as one of the possible futures for the club’s ownership.
Ratcliffe is rumored to have approached the American family following the news with an offer for roughly 60% of United. Sheikh Jassim bin Hamad Al-Thani, who is offering a 100% buyout, is a fierce competitor, nevertheless.
Both Ratcliffe and Sheikh Jassim’s offers are estimated to be in the $5 billion range. Unfortunately for United supporters, there have been no updates on the takeover procedure.
But the 70-year-old brought up the sale in a rare interview on INEOS.TV. The Manchester United bid would not have been possible two or three years ago if we hadn’t gone through some terrible experiences with Lausanne and Nice, the man claimed.
“You can’t really imagine trying to buy a brand like Manchester United and failing because the failure in a deal like that is just excruciatingly painful and far too public.”
Sheikh Jassim expressed reservations about the prospect of the Glazers selling the club last month, according to MEN Sport. We learn that as of August 18, the Qatari banker had not heard back from the Glazers and was still awaiting a decision from the sellers.