Could Promotion-Relegation work in College Football?
After visiting Old Trafford last week, a consortium led by Qatar’s Sheikh Jassim bin Hamad Al Thani is set to make a renewed bid to buy Manchester United on Wednesday, per Sky Sports.
Sky reports that talks between the club and the Qatari contingent on Thursday were largely positive — so much so that the latter is now preparing an offer more likely to satisfy the club’s current owners, the Glazer family.
After expressing interest in only a partial sale in February, there is growing confidence that the Glazers will completely sell the club, per Sky. The family believes the club is worth in the range of $7.2 billion.
Sheikh Jassim’s group had previously said it would not overpay for Manchester United — but its meeting at the club’s grounds last week supposedly softened that stance.
Meanwhile, British billionaire Jim Ratcliffe and his company INEOS are also expected to make a second bid for the club, though they declined to comment on the matter after their trip to Manchester on Friday.
Ratcliffe and INEOS purchased Ligue 1 side OGC Nice for a reported $107 million in 2019. Current Nice player Aaron Ramsey described Ratcliffe as “very passionate” about bringing success to the French club.
Manchester United currently sit third in the Premier League table, have advanced to the FA Cup semi-finals, and are set to face Spanish side Sevilla in the UEFA Europa League quarter-finals.
