Manchester United Takeover: Sheikh Jassim's Bid FailsJim Ratcliffe to Take 29% Stake
Sheikh Jassim's bid for Manchester United fell through due to lack of proof of funding, paving the way for Ineos founder Sir Jim Ratcliffe to acquire a significant stake in the club.
- Sheikh Jassim bin Hamad Al Thani’s bid for Manchester United failed due to lack of proof of funding, despite repeated requests from the club.
- Sir Jim Ratcliffe, founder of Ineos, will take a 29% stake in Manchester United, subject to regulatory approval next month.
- Ratcliffe issued a Christmas Day deadline for acceptance of his final offer, threatening to walk away if there was no progress.
- United had solicited interest from over 170 parties before entering into 26 non-disclosure agreements, including with Ratcliffe and Sheikh Jassim.
- United's filings to the U.S. Securities and Exchange Commission (SEC) reveal detailed timelines and offers made by Ratcliffe and Sheikh Jassim.
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