Sheikh Jassim, a Qatari banker, has reportedly abandoned his plans to acquire Manchester United after the Glazer family rejected his offer of over $6 billion. The Glazers, who acquired the club in 2005 for $958 million, announced their contemplation of selling the club in November 2022.
After nearly a year of deliberation, Sheikh Jassim and British businessman Sir Jim Ratcliffe were among the few individuals who remained committed to making a formal offer. United’s financial statements from March indicated a loan amount of $1.18 billion.
Reports suggest that Sir Jim Ratcliffe may be open to purchasing a minority stake in the club. Sheikh Jassim’s offer not only included the acquisition of Manchester United for over $6 billion but also a commitment to clear the club’s existing debts. However, the Glazer family ultimately declined his proposal, leading to his withdrawal from the purchase attempt.
Manchester United performance and stats
Manchester United is currently 10th in the Premier League with 12 points.
In the last 8 games, it has won 4 times and lost 4 times. In its last match, Manchester United won 2-1 against Brentford.
It has a negative goal difference after scoring 9 goals and conceding 12.
Manchester United will play the next match in Premier League against Sheffield United on Sunday 22nd of October in Sheffield.