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Saturday, June 22, 2024

Potential Qatari Buyer Won’t ‘Overpay’ for Manchester United

  • Sheikh Jassim bin Hamad Al Thani is willing to buy the Premier League club at a fair price but will reportedly not overpay to get the team.
  • The Glazers are reportedly looking to sell the team for around $7.2 billion.
Manchester United players pose together before a home match at Old Trafford stadium.
Manchester United FC

If the Glazers want to sell Manchester United to Qatari Sheikh Jassim bin Hamad Al Thani, they’ll need to lower their price tag.

Sky Sports reported that Sheikh Jassim is willing to buy the Premier League club, but won’t overpay.

The Glazers are reportedly looking to sell for around $7.2 billion, a significant jump from its $4.2 billion valuation by the New York Stock Exchange and a $4.6 billion valuation from Forbes.

Sheikh Jassim is reportedly only open to a full takeover of Manchester United, but there’s been speculation that the Glazers are only open to selling a minority stake. When the family hired the Raine Group in November, they said they were looking at alternative strategies. 

It was reported earlier this month that the team’s staff is expected to receive “clarity” on its ownership situation before the season ends in May. Days before, it was reported that a sale could be in jeopardy if a deal wasn’t reached by that time.

Sky Sports claimed that at least three bidders have been invited to Manchester in the coming weeks for meetings and access to financial information. The only other public bid is a consortium led by British billionaire Jim Ratcliffe.

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