Sheikh Jassim bin Hamad Al Thani’s representatives and advisers were at Old Trafford today.
According to Simon Stone, the talks between the club, the Raine Group and Sheikh Jassim’s delegation lasted 10 hours and concluded this evening. He is committed to completing a full takeover of United.
Told the 'Qatari delegation' were @ManUtd for 10 hours today. Meetings described as positive. Remain committed to buying the club.
— Simon Stone (@sistoney67) March 16, 2023
A report today also confirmed that the Qatar-based investor is expected to submit a revised bid within the next 10 days.
The Athletic previously stated that his first offer was in the region of £4.5 billion, which is around £1.5 billion short of the Glazers’ £6 billion valuation.
Sir Jim Ratcliffe’s bid
The one other bidder who has been public with their interest is Sir Jim Ratcliffe, CEO of INEOS, and his offer is a reported £4.3 billion. The Englishman is planning to attend his face-to-face meetings in person in the coming days.
All parties involved in the sale process will be asked to increase their initial offers over the next fortnight.
