There is something new in the file. While the Manchester United sale process seems to have stalled for several months, Jim Ratcliffe intends to take action. In competition with a group of Qatari investors led by Jassim bin Hamad al-Thani, the boss of INEOS is seeking to obtain a minority stake of around 25% in the Mancunian club. If the Glazers, current owners of the Red Devils, carefully examine this proposal from the American businessman, The Sun informs us this Friday that its competitor will not increase its initial offer estimated at 5 billion pounds sterling.
Despite Jim Ratcliff’s renewed interest in Manchester United, the boss of Qatar Islamic Bank (QIB) perceives the American’s offensive as an attempt to force him to revise his proposal upwards. Other factors, such as the recent poor results of MU or the worrying debt estimated at more than 1 billion pounds which the Mancunian club must pay, also justify its position. For their part, the Glazer family does not intend to lower the sale price, set at 6 billion pounds sterling.
