Manchester United's takeover is likely to be finalized this week after Emir of Qatar, Sheikh Jassim bin Hamad Al Thani withdrew from the race to buy the club from the Glazer family.
Sheikh Jassim's withdrawal from the race over the weekend has paved the way for British billionaire, Sir Jim Ratcliffe to acquire a 25 per cent shareholding from the Glazers, who own 69 per cent of Manchester United. Ratcliffe, who is now the favourite to buy the club, will reportedly pay between £1.3 billion and £1.5 billion for the stake despite Manchester United's current market value at around £2.6 billion.
reports that the Glazer family bought Manchester United for £790 million in 2005 in a highly leveraged deal that has been criticized for loading debt on to the club. Man United have won 13 trophies, including five Premier League titles and a Champions League win in 2008 since the Glazers took over the club. They lost two Champions League finals, both against Barcelona, in 2009 and 2011.
reports that former Manchester United forward, Cristiano Ronaldo was dissatisfied with the facilities at the club before his contract was terminated by mutual consent last year. On several occasions, it has been reported that Ronaldo has issued complaints to senior club officials regarding the state of amenities at Old Trafford and Carrington. However, in November 2022, the Glazer family decided to put Manchester United up for sale.
: “Well, with the recent happenings regarding Manchester United, if Ratcliffe finally succeeds in his proposal of acquiring 25% of the club from the Glazers, then it would be a good one. 'If the terms of the deal could see him have total control of the club’s sporting business without interference from the American owners, I believe it would be a new journey for the club and their supporters. “The Glazers have been in charge for many years.
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