{"id":291984,"date":"2023-10-01T12:19:22","date_gmt":"2023-10-01T12:19:22","guid":{"rendered":"https:\/\/sportslifetale.com\/?p=291984"},"modified":"2023-10-01T12:19:22","modified_gmt":"2023-10-01T12:19:22","slug":"sheikh-jassim-to-complete-deal-this-month-as-man-utd-takeover-saga-nears-end","status":"publish","type":"post","link":"https:\/\/sportslifetale.com\/soccer\/sheikh-jassim-to-complete-deal-this-month-as-man-utd-takeover-saga-nears-end\/","title":{"rendered":"Sheikh Jassim to complete deal ‘this month’ as Man Utd takeover saga nears end"},"content":{"rendered":"

Man Utd boss Ten Hag insists he's 'said everything' on Sancho saga<\/h3>\n

Manchester United are in the midst of the club’s worst-ever start to a Premier League season as doom and gloom looms over Erik ten Hag’s reign. But reports at the end of August claim that those hoping for a takeover to start a new exciting era at Old Trafford will soon be in luck.<\/p>\n

November would mark one year since the Glazer family announced a strategic review seeking alternative investment, including a potential sale.<\/p>\n

But the jarring process may not reach that point, with Sheikh Jassim bin Hamad Al Thani reportedly set to complete a takeover this month.<\/p>\n

According to The Sun in August, Sheikh Jassim was in position to seal a \u00a36billion deal to buy United by mid-October.<\/p>\n

The report claimed that Sheikh Jassim had beaten competition from British billionaire Sir Jim Ratcliffe and that his Qatari camp was completing their due diligence ahead of taking control.<\/p>\n

The Glazers were said to have been warned of the potential implications of staying put in M16, facing heightened backlash from the fanbase as protests at Old Trafford continue.<\/p>\n

However, the Sun added that an announcement could’ve come as early as September, but that didn’t arrive amid ongoing doubts over the Glazers’ intentions to sell.<\/p>\n

READ MORE <\/strong> Man Utd and Arsenal’s chances of signing Lautaro Martinez as agent leaks chat[TRANSFERS] <\/strong><\/p>\n

<\/p>\n

Sheikh Jassim has vowed to clear the debt that has accumulated at United under the Glazer regime to save any further fees and prevent taking any dividend payments.<\/p>\n

The latter is a major source of discontent toward the unpopular American owners, who have overseen a gross debt worth \u00a3725million since their controversial \u00a3800m takeover in 2005.<\/p>\n

United’s debt is currently the highest it has been since 2010, but there has been little indication that a Glazers exit was imminent outside of The Sun’s bold report.<\/p>\n

Sheikh Jassim also plans to invest heavily in the redevelopment of Old Trafford and the club’s Carrington training facilities if he is successful in his pursuit.<\/p>\n

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<\/p>\n

More recent reports from elsewhere claim that Ratcliffe firmly remains in the frame and is restructuring his latest offer to move closer to the Glazers’ demands.<\/p>\n

There are also minority investment options still on the table for the Glazers if they ultimately opt to retain control at Old Trafford.<\/p>\n

But The Sun’s report from around six weeks ago suggests that Sheikh Jassim has come out on top and will soon be confirmed as United’s new owner.<\/p>\n

Such news would be a welcome boost for a large section of the fanbase amid continued struggles on the pitch.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Man Utd boss Ten Hag insists he's 'said everything' on Sancho saga Manchester United are in the midst of the club’s worst-ever start to a Premier League season as doom and gloom looms over Erik ten Hag’s reign. 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