Manchester United fans around the world were eagerly waiting to hear the outcome of the official bids that were submitted for the ownership of the club. The deadline for the bids was set for 9 pm UK time on Wednesday, and both Sheikh Jassim and Sir Jim Ratcliffe’s INEOS group had put forward their proposals to buy the club.
Sheikh Jassim’s Qatari group remained “fully confident” that their bid was the best one for Manchester United. They had proposed a plan that included 100% ownership of the club, as well as investments in the stadium, facilities, first team, and academy. Their bid was expected to be highly competitive, and it remained to be seen how the Glazers would respond.
Sir Jim Ratcliffe’s INEOS group had also submitted a bid for Manchester United. The billionaire businessman had insisted that his group had a long-term plan for the club and was committed to making it successful both on and off the field. The details of their offer were not yet known, but it was expected to be a serious contender for the ownership of the club.
Although the official amount for the bids would remain secret, it was known that all parties had signed NDAs in the last few weeks. This had prevented any leaks or speculation about the amount of money that was being offered for the club.
The next steps were now up to the Glazers family, who had always wanted £6/7b to sell Manchester United. They would have to decide whether to accept one of the bids or hold out for a higher offer.
When Sheikh Jassim’s group had submitted their bid, they had received news that the deadline had been extended. However, this had not affected their plans, and they remained fully engaged and confident in their bid. Both parties had not been told the new deadline yet, but they did not expect an immediate response.
The bidding process for Manchester United had been intense, and the fans would be eagerly waiting to see who the new owners would be. With two serious contenders in Sheikh Jassim’s Qatari group and Sir Jim Ratcliffe’s INEOS group, it would be interesting to see how the Glazers family would respond to the bids.