LGBTQ+ activist concerned by potential Qatari takeover of Man Utd
Sheikh Jassim recently made his fourth offer for Manchester United. And football finance expert Kieran Maguire has now branded the latest proposal as ‘strange’, while saying information is being ‘leaked’ to suit interested parties. It’s still unclear what the Glazers will decide to do with the club, with a takeover still a possibility as the saga continues to rumble on.
Sheikh Jassim recently made a £5.5billion final offer as he looks to buy United and steal a march on rival Sir Jim Ratcliffe.
However, the overall offer still values the club at lower than the INEOS chief – and Maguire, speaking to Football Insider, has labelled that element as ‘strange’.
“I find the latest proposal strange because it is effectively an increase in the value of the bid,” he told the publication.
“But it doesn’t make any difference to the Glazers as they won’t benefit from it.
“There is an element of PR to this bid, and what we are seeing is selective leaked information by the press agencies working on behalf of the bidders.
“None of it makes logical sense, but the whole Man United takeover has lost the realms of reality in terms of an appropriate valuation of the business.
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“The benefit of clearing the debt and the commitment to not pay dividends is that it will generate an extra £40million per season that the Glazers were taking out of the club.“
Sheikh Jassim is refusing to throw in the towel as he looks to buy United.
There have been suggestions the Qatari billionaire remains confident, despite Ratcliffe previously being viewed as the frontrunner.
The Glazers had pledged to provide an update before the end of the season.
But with the Red Devils due to lock horns with Fulham in their final Premier League match of the campaign on Sunday, there’s still no clarity on the situation.
Erik ten Hag has confirmed he’s making transfer plans while the process continues to be drawn out.
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Yet the Dutchman won’t be able to spend a penny until the takeover process is sorted for good.
The Glazers have owned United ever since 2005, with supporters long opposing their regime at Old Trafford.
Brothers Joel and Avram Glazer would, as part of Ratcliffe’s proposal, be enabled to stay at the club in reduced roles.
They’d then be able to sell their existing shares at a premium rate in the first two to four years of INEOS rule.
Sheikh Jassim, however, only wants 100 per cent of United and won’t let the Glazers stay on.
That has seen his popularity soar on social media, with many supporters getting behind his bid.
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But yet there’s still a possibility the Glazers will cling to power and prolong their time at Old Trafford.
The family are open to minority investment, with Elliot Management and the Carlyle Group interested in providing that.
And what ultimately happens remains to be seen.
Meanwhile, Gary Neville recently opened up on the takeover process and once again pleaded for the Glazers to pack their bags and leave for good.
“I’ve not heard the pledges that have been made by any of the bids,” he said.
“At the moment, there’s the Jim Ratcliffe bid, the Qatari bid and a number of US investment funds.
“I don’t want private equity into an English football club, I’ll be really clear. I don’t think it works.
“I think football is about emotion. Believe it or not, in Manchester, I have a partnership with a US private equity fund and in other sectors of life, I love international investment.
“But I think in football clubs, you can’t go into it purely because you want to see a return.
“When it comes to the current bids, at this moment in time, I think Jim Ratcliffe’s bid has its merits, the Qatari bid has its own merits.
“My main concern at this moment in time is that the Glazer family sell and that they remove themselves from the club. They’ll make a lot of money, well done for that.
“They’ve proved to be very astute business people but now it’s time to hand over control because the club has deteriorated under their ownership.”
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