Reports this morning claim that Qatari banker Sheikh Jassim bin Hamad Al Thani has tabled an improved 11th hour offer to buy Manchester United under take it or leave it terms to the Glazers’ bankers.
The offer made outside the formalised bidding timeline is said to include a fresh pledge to clear all of United’s existing debts and also set up a separate fund directed solely at the club and community and additional funds for improvements at Old Trafford,around the ground and at the club’s Carrington training facility
Failsworth born businessman Sir Jim Radcliffe was the preferred bidder after last month’s final round of bidding with his offer of a majority takeover, but Sheikh Jassim has now submitted an improved final offer say the reports
Ratcliffe’s petrochemicals company INEOS would take on and manage the Manchester United debt if his offer was successful.
