Sheikh Jassim is in no mood to let go of the Man United club by upping his bid at the eleventh hour. Qatar royal and billionaire Sheikh Jassim Bin Hamad Al Thani has upped the price by offering an improved $6.9 billion after three rounds. The fourth bid should hopefully hit the nail in the coffin and seal the deal in favor of the royal. The improved Qatar bid would eclipse the $6.3 billion world record fee offered by Sheikh Jassim himself for the sports team.
Still, it may fall short as the Glazers expected $7.5bn for 100 percent ownership of the Premier League giants. Last November, the club was placed on the market and has witnessed three rounds of billion-dollar offers from Sheik Jassim and rival British billionaire Sir Jim Ratcliffe. Per Arabnews, many Man Utd fans have been eagerly awaiting the potential sale to Qatar, with the bid said to include a promise to invest heavily in the squad and develop infrastructure around the club, including upgrades to the iconic Old Trafford Stadium and the surrounding area.
Investment bank Raine Group is running the bidding process; however, the owners have set no deadline for the potential sale of the club. Moving from $6.3 billion to $6.9 billion may help expedite the ongoing process.