Sheikh Jassim Eyes Renewed Manchester United Bid as Ratcliffe’s Reforms Intensify
Sheikh Jassim bin Hamad Al-Thani remains optimistic about a future Manchester United takeover opportunity despite Sir Jim Ratcliffe’s cost-cutting measures and enduring Glazer control.
Overview
- Sheikh Jassim’s 2023 takeover attempt through the now-dissolved Nine Two Foundation failed but he continues to expect a future full sale opportunity.
- Sir Jim Ratcliffe’s minority stake has led to 450 staff redundancies, the club’s worst league finish in 50 years, and a new manager with the lowest win ratio of any 21st-century predecessor.
- The Glazers’ agreement with Ratcliffe includes a provision to sell the club outright over his minority stake while granting him first refusal on any share sale.
- Manchester United remains saddled with roughly £1 billion in debt and its share value on the New York Stock Exchange is close to the 2012 IPO level.
- PSG president Nasser Al-Khelaifi is viewed as a key Qatari intermediary should renewed bids to acquire Manchester United materialize.