Qatari billionaire withdrew from the race for Man Utd

The MU acquisition deal will have results soon, when Sheikh Jassim withdraws and triumphantly names billionaire Sir Jim Ratcliffe.According to a previous update from transfer expert Fabrizio Romano, the Italian journalist announced that after the meeting of the Qatari banker with the Glazer family yesterday, Sheikh Jassim decided to withdraw from the acquisition of Man United.

 

This information was corrected by Raine Group, the New York investment banking company that took on the task of finding a new investor, because the Qatari owner decided to stop after the last offer was rejected. Up to now, there is only INEOS contractor of billionaire Sir Jim Ratcliffe remaining in negotiations.

 

The Mirror reported the latest news that negotiations between the British billionaire and the Glazer family have yielded results. With the same goal, Jim Ratcliffe will take over 25% of the Glazer family’s shares and become a shareholder of Man United, while the Glazer brothers will remain the team’s owners.

This newspaper affirms that Avram and Joel’s views are clear at this point, they want to attract more than 1 billion pounds to reinvest in MU, as well as Old Trafford stadium. And the true value of the Red Devils can now reach 10 billion pounds, not 5.6 billion pounds according to the current valuation.

A notable piece of information, many sources say, is that the sale of 25% of shares to Jim Ratcliffe of the Glazer brothers to earn about 1.5 billion pounds is currently to pay dividends and repay digital debt. money left over when the Glazer family completed their controversial £790 million leveraged acquisition of MU.

 

Thus, it is likely that the official announcement from Man United will be made in the next few days, and the final winner will be England’s richest billionaire, Sir Jim Ratcliffe.