The Qatari bidders for Manchester United are preparing to table a second and even third bid for the club as rival bidder Sir Jim Ratcliffe spent a “positive” day at Old Trafford with his Ineos team.
After 48 hours of meetings, the resolve of both would-be owners to get their hands on Manchester United has hardened and that will have encouraged the Glazers they can rake in close to their £6bn price tag for the club.
Qatari banker Sheikh Jassim bin Hamad Al Thani has emerged as the early front runner and i has learned that his team are prepared to negotiate with Manchester United to table several bids in the coming weeks, with the aim of finding a valuation that satisfies all parties.
A second offer – based on 10 hours of “constructive and productive” meetings between Al Thani’s experts and representatives from Raine bank and United on Thursday – is due within days and is not a “take it or leave it” proposition.
Al Thani’s team hope it will be enough secure exclusivity in the next 10 to 14 days, which would pave the way for more detailed due diligence.
While some reports have put a number on the revised Qatari bid, US sources have indicated to i that the size of the offer will be based on this week’s presentations and depend on their expert’s view of “what the numbers look like”.
There is no guarantee it will be improved from the indicative bid of £4.5bn tabled last month but sources admit it is likely.
Ratcliffe’s Ineos will also table a second bid after the billionaire himself attended a day of meetings yesterday. He was introduced to Erik Ten Hag and given a tour of the training ground in a sign of how invested he is in the takeover.
There are other groups interested in buying into the club who have been hosted at Old Trafford this week but the two publicly declared bids are understood to have the most financial muscle.
from Football - inews.co.uk https://ift.tt/vIdPtY0
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