Manchester United owners extend second bid deadline as contenders prepare offers | UK News
Sky News says the deadline for a second bid for Manchester United has been extended as the two leading contenders prepare to submit their offers.
Cata‘s Sheikh Jassim bin Hamad submitted a new improved bid for Manchester United ahead of the original deadline but it is believed he is currently revising the submission.
It was previously understood that he would not overpay the odds for Premier League club, whose current owners are the Glazer family is said to have a value of £6 billion.
But the businessman’s position is said to have softened after a Qatari delegation visited Old Trafford in recent days, with negotiations lasting 10 hours.
Read more: Candidates to buy Man Utd
British billionaire Sir Jim Ratcliffe, through his chemical company INEOS, is also preparing a second offer for the club following last week’s visit.
A delegation from INEOS spent six hours attending meetings and touring the club’s Old Trafford stadium and its Carrington training ground.
Sky News understands that up to seven other bids may be made before the renewal deadline for second offers.
But another option for the Glazer family is a deal in which they can keep control of United by agreeing to a minority deal.
Sir Jim Ratcliffe, who owns French club Nice, hinted that he wouldn’t pay too much for the club.
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He told the Wall Street Journal: “How do you decide the price of a painting? How do you decide the price of a house? It has nothing to do with construction costs or how much it costs to paint. .
“What you don’t want to do is pay stupid prices for everything and then regret it later,” he said.