London Daily

Focus on the big picture.
Monday, Jun 23, 2025

Manchester United bidders to meet officials within weeks to review club accounts

Manchester United bidders to meet officials within weeks to review club accounts

Two bids are known to have been made for the Old Trafford side - from Qatari hopeful Sheikh Jassim bin Hamad al Thani and British billionaire Sir Jim Ratcliffe's INEOS.
Manchester United bidders are due to meet with the club in the next two weeks and gain access to accounts - enabling offers to end the ownership of the Glazers.

Sky News understands the two declared bids are now progressing two weeks after the deadline to declare interest - from Qatari hopeful Sheikh Jassim bin Hamad al Thani and British billionaire Sir Jim Ratcliffe's INEOS.

The process is being overseen by the New York-based Raine Group merchant bank, which has not commented on the process launched by the Glazers publicly in November when they announced they were open to a sale of the club they have owned since 2005.

It is unknown if there are more than two bids to take control of the club, while other lesser investment offers have been floated.

It has been suggested it could take bids valuing the club at more than £5bn for the Glazers to sell up completely.

Sheikh Jassim, who was educated at the Royal Military Academy in Sandhurst, is chairman of Qatar Islamic Bank (QIB) which was established in 1982 - the year of his birth.

A buyout of United would be funded through his wealth via a new entity the Nine Two Foundation.

QIB's largest shareholder is the Qatar Investment Authority which is the state's sovereign wealth fund.

However, the bid team maintains the club is a private investment by Sheikh Jassim, whose father, Sheikh Hamad bin Jassim bin Jaber al Thani, is a former prime minister of Qatar.

More is known about Sir Jim who says he is a lifelong United fan having been born in Manchester.

Through petrochemicals giant INEOS, he also owns French football club Nice and Swiss side Lausanne-Sport.

The Glazers are yet to comment about the sale progress since initial offers were lodged.

Co-owner Avram Glazer was at Wembley last weekend to see United win the League Cup and end a six-year trophy drought.
Newsletter

Related Articles

0:00
0:00
Close
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
×