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<\/strong>However, the potential deal has hit a snag after it emerged Inter president Steven Zhang, president of Chinese firm Suning, wants to sell the club for \u00a31.2billion. Sheikh Jassim reportedly ‘baulked’ at the asking price for Inter, who were sold for only \u00a3230m (\u00a3270m) back in 2016.<\/p>\n Ironically, the Raine Group – the US finance firm handling United’s sale – are said to be helping the club find potential buyers for Zhang. The Chinese businessman is under pressure to raise capital to repay a loan to US hedge fund Oaktree next year, but the chances of him selling to Sheikh Jassim are dead in the water unless the price is reduced.<\/p>\n While the deal is described as being far from being advanced and merely explorative, it offers a fresh insight into Sheikh Jassim’s perception of his chances of taking control of United.<\/p>\n <\/strong><\/p>\n We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n DON’T MISS <\/strong> The Glazers are continuing to allow the process to drag on despite fan unrest and protests, while investors are also becoming frustrated with the lack of progress made since their announcement in November 2022 that they would welcome proposals for investment and bids to buy them out.<\/p>\n It is widely believed that they will now decide against selling their controlling stake after receiving offers upwards of \u00a35bn. And that is why Ratcliffe’s offer for 25 per cent appeals, because the INEOS CEO will be able to provide a cash injection without having the final say on decisions in Manchester.<\/p>\n The American family have been at the helm at Old Trafford since 2005 when Malcolm Glazer completed his leveraged \u00a3780m deal. Now the club is predominantly run by his two sons, Avram and Joel, they are looking to earn a significant profit while alleviating the club of its huge debts.<\/p>\n But Ratcliffe’s offer could allow them to stay at the top for a little while longer as they hope for a bigger slice of the pie.<\/p>\n
Man Utd ‘may sanction Greenwood return’ after eye-catching Arnold comment[GOSSIP] <\/strong>
Ten Hag has already shown Maguire his Man Utd fate after \u2018fuming\u2019 star’s rant[NEWS] <\/strong>
Man Utd have new Ronaldo and Fernandes pairing that may save Erik ten Hag’s job[INSIGHT] <\/strong><\/p>\n![](\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/67\/590x\/secondary\/5009526.jpg?r=1697177634136\")
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