Jenny Asemota
Wiseloaded Sport PSG President, AlKhelaifi Involved in Manchester United Takeover Sport Posted on June 10, 2023 by SIR 3PU
PSG (Paris SaintGermain) president, Nasser AlKhelaifi has been in contact with both the Glazers and Sheikh Jassim in relation to the takeover of Manchester United.
Recall that Man United were put up for sale in November 2022 by majority owners, the Glazer family.
Sheikh Jassim and INEOS CEO Sir Jim Ratcliffe quickly emerged as the frontrunners, but despite submitting different bids, they have both not met the Glazers asking price of 6billion.
With the takeover no closer to completion, Sheikh Jassim submitted a fifth and final bid to the Red Devils on Wednesday and said that if this offer was not accepted by Friday, he would walk away from the process.
However, Sheikh Jassim has changed his mind and will leave his offer, worth around 5billion, on the table.
The bid would also see the Qatari take full control of the Premier League giants, while additional money has been promised to help invest in the clubs facilities as well as to wipe out its debt which currently stands at 500million.
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