The battle to acquire Manchester United has intensified, as Qatari banker Sheikh Jassim bin Hamad bin Jassim bin Jabr Al Thani and British billionaire Jim Ratcliffe are preparing to raise their bids to buy the 20-time English Premier League champion.
The American investment bank "Rain," which is assisting in the sale of the club, extended the deadline set at nine o'clock GMT on Wednesday. As a result of confusion regarding the date of the maximum deadline, Sheikh Jassim and Ratcliffe are also preparing to raise the two initial offers that they previously submitted. They were given more time to deliver their two new bids, but the new deadline was left unclear.
In mid-February, Sheikh Jassim, the son of former Qatari Prime Minister Hamad bin Jassim, made a preliminary offer to acquire the "Red Devils", similar to the "Ineos" petrochemical group headed by its billionaire owner Ratcliffe. Several English media reported on Wednesday that the two new offers may exceed 5.7 billion euros, which means that if one of them is approved, it will be the largest deal to buy any club in the world in a team game.
Ratcliffe, who was up in Failsworth, Greater Manchester, is one of the wealthiest British, with a $15 billion estimated net worth, because to the success of his multinational chemical firm. Ratcliffe had made an unsuccessful attempt to purchase Chelsea, a local rival, whose sale was also overseen by Ryan Bank and was completed for $4.5 billion by an American-led consortium under the leadership of Todd Boyle.
The American investment bank "Rain," which is assisting in the sale of the club, extended the deadline set at nine o'clock GMT on Wednesday. As a result of confusion regarding the date of the maximum deadline, Sheikh Jassim and Ratcliffe are also preparing to raise the two initial offers that they previously submitted. They were given more time to deliver their two new bids, but the new deadline was left unclear.
In mid-February, Sheikh Jassim, the son of former Qatari Prime Minister Hamad bin Jassim, made a preliminary offer to acquire the "Red Devils", similar to the "Ineos" petrochemical group headed by its billionaire owner Ratcliffe. Several English media reported on Wednesday that the two new offers may exceed 5.7 billion euros, which means that if one of them is approved, it will be the largest deal to buy any club in the world in a team game.
Ratcliffe, who was up in Failsworth, Greater Manchester, is one of the wealthiest British, with a $15 billion estimated net worth, because to the success of his multinational chemical firm. Ratcliffe had made an unsuccessful attempt to purchase Chelsea, a local rival, whose sale was also overseen by Ryan Bank and was completed for $4.5 billion by an American-led consortium under the leadership of Todd Boyle.
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