LONDON, ENGLAND – JUNE 03: A Manchester United flag is waved from the stands through the Emirates FA Cup Final in between Manchester City and Manchester United at Wembley Stadium on June 03, 2023 in London, England. (Picture by Michael Regan – The FA/The FA by way of Getty Photographs)
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English soccer club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in the talks to provide alone for much more than $6 billion, persons acquainted with the make a difference mentioned on Thursday.
Members of the Glazer loved ones, which own minority stakes in Manchester United and management it many thanks to a twin-class share composition, would be cashing out as part of the proposed deal, a single of the resources said.
The Qatari give is currently seen by the Glazers extra favorably than a bid from British billionaire Jim Ratcliffe, founder of chemical substances producer INEOS, the sources included. Ratcliffe’s present envisions that the Glazers would hold some curiosity in Manchester United.
Manchester United would not be authorized to negotiate with any bidder other than Sheikh Jassim for the exclusivity period of time. It could not be realized how extensive this period of time may perhaps past. The sources cautioned that the circumstance remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity.
The sources asked for anonymity due to the fact the subject is private.
Associates for Manchester United and Sheikh Jassim did not quickly reply to requests for comment.