Special/ SME
Although Sheikh Jassim bin Hamad Al Thani residing in Qatar and British billionaire Sir Jim Radcliffe led the full takeover of the most famous English club, Manchester United, the desire of the Glazer family conflicts between full and partial sale in light of the presence of buyers who covet shares in the English club. This was after the Glazer brothers allowed them to do so in exchange for pumping money into the club’s treasury to carry out many reforms, including paying debts to reach the desired sale price of 6 billion pounds sterling. At a time when the Rain Group, the New York-based bank supervising the sale, the Qatari agents and Sir Radcliffe also refused to comment on this matter.
The offering process for sale is witnessing two deadlines, the first in the middle of next week, and the second on April 28 to drop the final bids. This came after Sir Radcliffe and the Qataris submitted preliminary bids between March 23 and 24, which did not even touch the ceiling of the Glazer family’s ambitions. Which extended the aforementioned deadline for the takeover and full control.