Strict instructions to get a deal done with the Glazer family.
A report by Matt Dickinson of The Times says that the Qatari bid, led by Sheikh Jassim, has been instructed to not come back without a deal for Manchester United.
A source told the media outlet: “They are working on instruction not to come back without a deal.”
Sheikh Jassim is the son of former Qatar Prime Minister Hamad bin Jassim bin Jaber Al Thani. Resources, and cash flow might, is not a problem which makes them the favourites to buy Manchester United.
It is notable that their first bid for the club has already been rejected. Boyhood United fan, Sir Jim Ratcliffe, has publicly gone toe-to-toe with the Qatari bid as the second round of bids has gone in for the club.
However, the report states that the Qatari bid believes they should not be beaten to the club if it comes down to the issue of money.
Sir Jim Ratcliffe’s reported net worth is £12 billion. INEOS, the company through which he intends to make the investment, reported revenue of £61 billion last year. These figures, however, are dwarfed by the financial might of Qatar. The exact net worth of Sheikh Jassim is unclear but the collective net worth of the Qatari’s ruling royal family, of which he’s part, is thought to be nearly £275 billion.
Looking at these figures, it is clear why the Qatari bid feels confident about their prospects of buying Manchester United.
Despite recent obstacles, like the extension of deadline, or Glazers sticking to their £6 billion valuation, it is clear that the Qataris remain confident about getting a deal over the line.
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