Sheikh Jassim makes Man Utd takeover decision after Sir Jim Ratcliffe’s new bid emerges
SHEIKH JASSIM will not increase his £5billion bid to buy Manchester United despite renewed interest from Sir Jim Ratcliffe, according to reports.
Jassim, 64, is fronting a Qatari group's attempt to purchase the Red Devils from the Glazer family.
Earlier this week, reports emerged that Man Utd's owners are considering Ratcliffe's £1.5bn offer for a 25 per cent stake in the club.
This would be the first part of a staged takeover.
But according to , Jassim and the Qataris see Ratcliffe's offer as an attempt to force them into increasing their bid.
The Glazers are insistent their asking price remains £6bn for a complete buyout of the club.
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However, Jassim is standing firm on his £5bn valuation.
This is due to numerous factors including Man Utd's poor start to the season - which has seen them lose six games out of 10 in all competitions.
Another concerning part of the club is the £1bn debt.
And there are also serious renovations needed to both Old Trafford and the Carrington training ground.
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If Ratcliffe's proposal is accepted, it means the Glazers will remain in control of the club.
This will be unpopular with many fans and ex-players who have loudly protested the Glazers' presence.
However, it could raise extra capital for transfers or for improvements to be made to a decaying Old Trafford.
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