According to the Guardian, billionaire Sheikh Jassim is losing patience when he has not received any response from the Glazer family in taking over the Red Devils.

Last November, the Glazers put up for sale the Red Devils. However, after more than half a year, the takeover story is still being left open at Old Trafford.

According to The Guardian’s Jamie Jackson, billionaire Sheikh Jassim, who is competing with Sir Jim Ratcliffe, is increasingly uncertain whether the Glazers will sell Man Utd.

The chairman of the bank of Qatar is said to have yet to receive a response from the Glazers for the fifth auction, worth around £6bn, which he submitted weeks ago.

According to Fabrizio Romano, Sheikh Jassim’s offer is the best for Man Utd at the moment, however, Qatar owners want to buy back all of Man Utd’s shares. This is in contrast to Sir Jim Ratcliffe, who was willing to leave a certain percentage of the shares to the Glazer family.

Some reports in the UK analyzed that the Glazer family deliberately delayed the negotiation process between the parties for the purpose of increasing the price of buying Man Utd. However, £6bn is still a record number in taking over a club in the world.

As part of his bid to buy United, Sheikh Jassim has promised to fund improvements to the club, including financing improvements to Old Trafford and Carrington. However, in an interview that was conducted before his son’s bid was made official and published by Bloomberg, Sheikh Hamad, the former Qatari prime minister, appeared sceptical about the opportunity to invest in United.

 

He explained: “I am not a football fan. I don’t like this investment. Maybe it will work well. But you know, some of my sons like this, they always discuss it with me. They’re pushing hard. This isn’t my specialty. Let me put it like this: I am an investor. If it will one day be a good investment, I will think about it. I will not look at it as something you do just as an advertisement.”