Sheikh Jassim ‘learns’ when he can next buy club after Glazers U-turn

Manchester United fans have a clear favourite for the takeover

Sheikh Jassim won’t be able to buy Manchester United until 2025 after the Glazers reportedly took the club off the market having failed to land their desired asking price. Ineos owner Sir Jim Ratcliffe and Jassim of Qatar have been left perplexed by the decision.

Both prospective bidders are understood to have made proposals of around £5billion. However, the Glazer Family are standing firm on their £6billion valuation.

According to the Daily Mail, the Glazers intend to put Man Utd back on the market in 2025 in the hopes that Erik ten Hag can deliver major silverware over the next two seasons and boost the club’s sale price. A source told the British tabloid: “The Glazers are thick-skinned and won’t be influenced by any negative fan reactions,” before going on to add that the family’s original plan was to attract multiple bidders.

But this ploy didn’t work out with only Jassim and Ratcliffe making serious offers. Jassim hoped to secure 100 per cent of the club while Ratcliffe’s offer was for half of it.

This would have allowed the Glazers to maintain a 20 per cent stake if accepted. As a result, Jassim emerged as a favourite to take over the club among fans but their worst fears have now been realised.

Even if Ten Hag is unable to boost Man Utd’s price through results, the Glazers are confident they will receive more money in two years time thanks to an uplift in TV rights revenues, the expansion of FIFA’s Club World Cup to 32 teams from 2025 and the upcoming 2026 World Cup.

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The Glazers bought United for £790m in 2005, which involved borrowing more than £500m and loading their debt onto the club. Dealing with those debts has cost the club over £1b and United now sit £725m in the red.

Red Devils fans have been desperate to see the back of the Americans for many years now and were left frustrated by the way in which the sale of the club was being handled. Several sit-in protests over the last few months haven’t made much effect as the Glazers insist upon going against the wishes of the supporters once again.

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