Qatar’s billionaire Sheikh Jassim bin Hamad al-Thani has submitted a new bid worth around 5 billion pounds ($6.12 billion) to buy Manchester United, reported by Sky Sports News on Saturday.
The second bid was confirmed on Saturday after Sheikh Jassim’s representatives received an indefinite extension on Tuesday for an authentic deadline for the second bid scheduled at 9 p.m. on Wednesday.
The latest bid had always remained on track even as news about Sheikh Jassim’s new bid had gone very quiet before the confirmation, according to Sky Sports News. Sir Jim Ratcliffe, Thomas Zilliacus, and US hedge fund Elliott Management have also made their bids to either wholly own or obtain smaller stakes in the football club.
Elliott Management made an offer to purchase a minority stake in Manchester United before the deadline, while Thomas Zilliacus’ holding company XXI Century Capital and Sir Jim Ratcliffe also made revised proposals for ownership.
Earlier this month, representatives of al-Thani, who is the chairperson of one of Qatar’s biggest banks, met with the current owners of Manchester United at Old Trafford to discuss details to make an informed decision concerning a second bid.
