Sheikh Jassim has ended his effort to purchase Manchester United from the Glazers. This update was reported by Fabrizio Romano, who posted a series of tweets with details surrounding how negotiations broke down.
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Sheikh Jassim Has Final Bid Rejected by Glazers and Withdraws from Process
Latest Details
According to Romano – Sheikh Jassim presented a “fully cash bid” for United. His desire was to attain 100% ownership of the Premier League giants. The offer involved clearing all old debt for the Red Devils and starting them off debt-free under the new owner.
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Romano has stated that the Qatari businessman and politician “had further discussions with Glazers family.” The Glazers rejected the bid, causing the Shekih’s team to inform them he was preparing to end his pursuit.
Romano’s final tweet brought the official news that Sheikh Jassim had officially “WITHDRAWN from the process.” According to the update, the businessman was willing to hand over nearly £5.8 billion to assume complete ownership of the Red Devils.
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Fans Want New Owner
Some United supporters have demanded a new owner since Sir Alex Ferguson retired in 2013. The Red Devils have failed to win a Premier League title and have not impressed in their European campaigns since the 2017 Europa League Final.
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A 2022 poll revealed that only 4% of fans approve of the job the Glazers are doing. For now, though, there will not immediately be a new owner of England’s most successful club. Erik ten Hag will have to do what he can with what he has at his disposal and try to move the Red Devils into another dynasty.
