A major update on the long-anticipated change of ownership at Manchester United has been confirmed late on Friday evening.
The news surrounds a new record-breaking proposal, tabled by frontrunner Sheikh Jassim Bin Hamad Al Thani.
As confirmed by a host of sources, Jassim, son of Qatar’s former prime minister, tonight forwarded an improved offer, understood to be his last, to the Glazer brothers – United’s current owners.
The bid is said to have comfortably surpassed the £5 billion mark, meaning any sale would mark the most expensive in the history of sporting competition.
Sheikh Jassim has submitted his final bid for Manchester United. 🚨🔴🇶🇦 #MUFC
In addition to figure to buy the Club, Qatari’s proposal also includes a plan to invest a further significant amount of additional capital and infrastructure investment into the Club directly. pic.twitter.com/evTWGUZmaK
— Fabrizio Romano (@FabrizioRomano) April 28, 2023
Jassim’s proposal is backed by a plan for significant further investment at Old Trafford, which would see the infrastructure and more undergo a major upgrade on the red half of Manchester.
Not only that, but it would clear the club’s debt entirely.
Jassim’s new offer, whilst an improvement on his sub-£5 billion effort from last month, is not thought to come close to this mark.
In addition to offering a figure to buy club – that money would only go to the sellers – Sheikh Jassim’s bid also includes a plan to invest a further significant amount into infrastructure,
like the stadium. Bid is for 100pc of club and would make it debt free #MUFC https://t.co/itDU5k6vi8— James Ducker (@TelegraphDucker) April 28, 2023
