The Qatari bid for Manchester United believes it will win the bidding process, with Jim Ratcliffe trailing the planned offer of £4.5 billion plus the removal of the debt held by the club.
“Sheikh Jassim bin Hamad Al-Thani remains confident of winning the race to buy Manchester United ahead of Friday's third deadline for bids,”
The Mirror reports.
“The Qatari-backed bid is set to lodge an new offer for United of £4.5bn, which will eclipse the £4bn proposal put forward by Sir Jim Ratcliffe, the other major contender.
“United owners the Glazers want £6bn for the club they bought for £790m back in 2005 in a highly-leveraged deal, which has seen more than £1bn paid out in interest and dividends.
“The Glazers currently hold a 69% stake of United, with the bid from Sheikh Jassim promising a complete buyout and clearance of the current £535.7m debt, in contrast to the proposal headed up by Ratcliffe.”