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Jassim to buy Manchester United for full £6bn in October
#1
Sheikh Jassim has reportedly won the race to buy Manchester United and is set to complete the deal in October for £6 billion.
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British billionaire Sir Jim Ratcliffe has been competing with the Qatari royal family ever since the Glazer family announced their willingness to sell the Old Trafford club, and Sheikh Jassim is now in the lead. The Glazer family initially wanted to retain a stake in United, but senior club sources warned that this could lead to a backlash from fans, who have now agreed to exit the club 100 percent in full.

The newspaper adds that the takeover is expected to be completed by mid-October, when Sheikh Jassim and his team will have completed their due diligence, but the announcement could come as early as next month. The Glazer family bought Manchester United for £790 million in 2005 and have made huge profits from the club over the years.
A statement from the club at the time read, "As one of the world's most successful and historic sports clubs, Manchester United has today announced that the company's board is beginning to explore new strategic options for the club. This process is designed to facilitate the future growth of the club with the ultimate goal of enabling the club to capitalize on opportunities both on the pitch and commercially. As part of this process, the Board will consider all strategic options, including new investment in the Club, a sale or other transaction involving the Company. This will include an evaluation of several initiatives to strengthen the club, including the redevelopment of the stadium and infrastructure, as well as the expansion of the club's commercial operations globally, each of which is designed to enhance the long-term success of the club's men's, women's and youth teams and deliver benefits to fans and other stakeholders."

As previously reported, Sheikh Jassim has ambitious plans for Manchester United that include investing in and upgrading the club's Old Trafford stadium and Carrington training ground.
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