MX23RW : Friday, December 13 10:55:34| >> :120:3697:3697:

Sheikh Jassim 'pledges additional £800m as part of Manchester United takeover bid'

Sheikh Jassim 'pledges additional £800m as part of Man United takeover bid'
© Reuters
Sheikh Jassim bin Hamad Al Thani pledges an additional £800m to invest in Manchester United's infrastructure, according to a report.

Sheikh Jassim bin Hamad Al Thani has reportedly pledged an additional £800m to invest in Manchester United's infrastructure, as the Qatari banker bids to complete a takeover of the club.

Alongside Sir Jim Ratcliffe, Sheikh Jassim is viewed as the favourite to purchase the 20-time English champions, should the Glazers decide to sell.

Sheikh Jassim allegedly has huge transfer plans if he completes a takeover, with Paris Saint-Germain's Kylian Mbappe, Real Madrid's Eduardo Camavinga and Bayern Munich's Kingsley Coman all said to be targets.

The Qatari would also clear the club's debt as part of a 100% purchase of the Red Devils, while according to City AM, he has also pledged an additional £800m, which is separate to the main offer.

The report claims that the extra funds would be used to improve Old Trafford and the training ground, which have both fallen behind the club's competitors in recent years.

Manchester United co-owner Avram Glazer and club CEO Richard Arnold on February 26, 2023© Reuters

The money would also allegedly be used for transfers, with the potential new owner prepared to spend big with the view to helping the club return to the top of the English and European game once again.

Sheikh Jassim is said to be considering approaching the Glazers directly to hold talks over a takeover, with the Qatari fearful of the competition from Ratcliffe.

However, while Sheikh Jassim is looking to complete a full takeover, Ratcliffe is only believed to want a controlling stake, with the Glazers potentially being kept on as minority shareholders.

Raine Group, who are working for the Glazers on a sale, are currently assessing the offers that were submitted in the third round of bidding, which include those from Qatar and Ratcliffe.

Ineos chairman Jim Ratcliffe is pictured at Old Trafford in Manchester, Britain, March 17, 2023© Reuters

Man United have undoubtedly made progress this season under the management of Erik ten Hag, who arrived at Old Trafford from Ajax last summer.

The Red Devils ended their six-year trophy drought by winning the EFL Cup at the end of February, while they will take on Manchester City in the final of the FA Cup at the start of June.

Man United are also well on course to return to the Champions League for the 2023-24 campaign, currently sitting fourth in the Premier League table, seven points clear of fifth-placed Liverpool with two games in hand.

The 20-time English champions are planning to move for a big-name centre-forward this summer, while Ten Hag is also thought to want a central midfielder and centre-back.

There will also be a number of exits in the upcoming market, with those not in the manager's plans set to be sold or released depending on their contract situation.

ID:512963:1false2false3false:QQ:: from db desktop :LenBod:collect5659:
Written by
Matt Law

Manchester United takeover - Click here for more stories

Click here for more stories about Sheikh Jassim bin Hamad Al Thani

Click here for more stories about Manchester United

Collect / Create New Data
Share this article now:
Paris Saint-Germain's Kylian Mbappe celebrates scoring on April 21, 2023
Read Next:
Sheikh Jassim 'wants Kylian Mbappe at Manchester United'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free daily transfer newsletter! Sent twice a day during the transfer window.
rhs 2.0
Today's games header
1.15am
Rams
@
49ers
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool14112129111835
2Chelsea1594235181731
3Arsenal1585229151429
4Manchester CityMan City158342721627
5Nottingham ForestNott'm Forest157441918125
6Aston Villa157442323025
7Brighton & Hove AlbionBrighton156632522324
8Bournemouth157352320324
9Brentford157263128323
10Fulham156542220223
11Tottenham HotspurSpurs1562731191220
12Newcastle UnitedNewcastle155551921-220
13Manchester UnitedMan Utd155461918119
14West Ham UnitedWest Ham155372028-818
15Everton143561421-714
16Leicester CityLeicester153572130-914
17Crystal Palace152761420-613
18Ipswich TownIpswich151681427-139
19Wolverhampton WanderersWolves1523102338-159
20Southampton1512121131-205


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!