Sheikh Jassim bin Hamad al-Thani of Qatar has revised his offer to purchase Manchester United and is “confident of closing the deal.”
According to sources, the Qatari lender was scheduled to submit a second proposal on Wednesday before all bidders received an extension.
The Raine Group, the company overseeing United’s sale, and the present owners, the Glazer family, will now review Sheikh Jassim’s offer, which was filed late on Friday UK time.
According to sources, bidders do not anticipate receiving a response to their proposals right away.
The group is “confident,” according to an Italian journalist, and they “believe bid is the best one for the club, fans, and local community.”
Additionally, the group’s submission of their second proposal was verified by British billionaire Sir Jim Ratcliffe, Chairman and CEO of the chemical giant INEOS.
The British businessman informed the media that “Sir Jim Ratcliffe and INEOS can confirm we have submitted a revised bid.”
Additionally, Thomas Zilliacus, a Finnish businessman, asserted that he too had submitted an offer to take control at Old Trafford.
But following the round of second offers, it’s feasible that Raine Group would ask for third offers or choose a favourite bidder, according to the sources.
By the completion of the current campaign, United staff has been informed to anticipate “clarity” regarding the ownership issue.
In a statement made public in November, the Glazers stated they would investigate “strategic alternatives” and were thinking about either a full sale or a minority investment.
According to the sources, the Glazers are considering all of their alternatives.
Several US-based hedge funds, notably Elliot Investment Management, have made investment offers, according to them.