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Manchester Evening News
Manchester Evening News
Sport
Alex James

Manchester United takeover latest - Sheikh Jassim bin Hamad Al Thani stance amid U-turn reports

The Manchester United takeover process is continuing at Old Trafford.

The Glazer family are seeking £6bn for United and Qatari Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe's INEOS Group have advanced to the second stage of the bidding process after making their proposals public last month.

The Raine Group continue to oversee business on behalf of the Glazer family and are themselves set to touch down in the city. Here are the latest United takeover headlines.

Read next: United have better striker signing options than Harry Kane

Prepared to walk away

Sheikh Jassim bin Hamad Al Thani could walk away from his bid to buy United unless the price is lowered, according to multiple reports.

The Qatari has proceeded to the second stage of the process, alongside Sir Jim Ratcliffe, but it is understood he will not pay over the odds for the club. The Glazer family are reportedly seeking £6bn for United but there has been no suggestion the current offers on the table are in that ballpark.

Sky Sports claim that Sheikh Jassim is still ready to buy, but not at all costs.

Read more here

Presentations planned

United officials are set to deliver a series of presentations to potential new owners as the takeover process continues.

The Mail report that bidders for United who have made the second stage of a three-step process will head to Manchester over the next two weeks. It is understood the club’s scouting network, transfer strategy and first-team operations will be laid bare.

Read more here

Takeover U-turn possible

The Sun report that United could be taken off the market by the Glazer family.

Despite the process moving into a second stage with bids from Qatari Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe, the report suggests all options remain on the table including scrapping the process. The Glazer family are holding out for £6bn but there has been little indication that that price will be met.

Read more here

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