- Decision leaves Jim Ratcliffe in the takeover process
- Glazer family have owned Old Trafford club since 2005
Sheikh Jassim bin Hamad al-Thani has informed Manchester United’s owners, the Glazers, that he has withdrawn from the process to buy the club, viewing their valuation as highly unrealistic when compared to his £5bn-plus final offer. This leaves Sir Jim Ratcliffe as the only other publicly declared interested potential purchaser.
The decision will come as a bitter blow to the large constituency of United supporters who remain deeply unhappy with the Glazers’ ownership due to the near-£1bn debt the club has been saddled with.
Written by Jamie Jackson
This news first appeared on https://www.theguardian.com/football/2023/oct/14/sheikh-jassim-pulls-out-of-race-to-buy-manchester-united-from-glazers under the title “Sheikh Jassim pulls out of race to buy Manchester United from Glazers”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
