Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,336 members, 7,811,978 topics. Date: Monday, 29 April 2024 at 03:51 AM

Sheikh Jassim Withdraws Bid To Buy Manchester United. - Sports - Nairaland

Nairaland Forum / Entertainment / Sports / Sheikh Jassim Withdraws Bid To Buy Manchester United. (26121 Views)

Elon Musk Is Set To Buy Manchester United From The Glazers Family� / Fan To Tony Elumelu: 'Buy Manchester United' - He Reacts / Brazil Withdraws Bid To Host 2023 Women’s World Cup (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Sheikh Jassim Withdraws Bid To Buy Manchester United. by DiegoVincent123(m): 9:46pm On Oct 14, 2023
According to Fabrizio Romano, Sheikh Jassim's ambitious bid to acquire 100% ownership of Manchester United has been rejected by the Glazers family, leading him to withdraw from the process. In recent discussions and negotiations, Sheikh Jassim's proposition failed to meet the valuation set by the Glazers. While his team declined to comment officially due to confidentiality restrictions, they confirmed the decision to withdraw.



Sheikh Jassim had committed over $1.5 billion for the club's financing, including plans for a new stadium, training center facilities, player acquisitions, and city/community regeneration projects. However, despite his vision of becoming the "dream owner" with a fully cash bid, clearing all old debts and avoiding new ones, the Glazers did not accept his proposal.



It is worth noting that Sheikh Jassim was the only bidder offering to purchase 100% of Manchester United. Any potential minority investor, such as Jim Ratcliffe, would leave the Glazers in control, which was not part of Sheikh Jassim's vision. Minority bidders have the advantage of valuing the club higher since they are only acquiring a small stake.

With Sheikh Jassim's planned withdrawal, it remains to be seen if the Glazers will consider Ratcliffe's minority offer. The future direction of Manchester United's ownership is yet to be determined.

https://twitter.com/FabrizioRomano/status/1713242773296447495?t=oMC9PxQ0AhSLZI20uh_IRA&s=19

8 Likes 3 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Optimuss: 10:14pm On Oct 14, 2023
Lol

1 Like

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by SultanOfPuna: 10:14pm On Oct 14, 2023
Ok
Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Babaj02: 10:15pm On Oct 14, 2023
Good 👍

7 Likes

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by remi4ever(m): 10:16pm On Oct 14, 2023
Screw the Glazers..

58 Likes 5 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Emola12(m): 10:16pm On Oct 14, 2023
God punish glazers family dem

62 Likes 4 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by mykymyk101: 10:17pm On Oct 14, 2023
Royal club

6 Likes 2 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Livelystone01: 10:17pm On Oct 14, 2023
remi4ever:
Screw the Glazers..
Screw what?
You expect them to sell their source of income because you support the club?

SMH

Most of you fans, especially in Nigeria always shouting "Glazers out" need to wake up to reality. No business who understands finance will sell his source of income just because he has pressure from some disgruntled strangers with no direct effect on the business.

Until people come to the reality of the truth about business, the business of noisemaking will continue to be just business as usual.

171 Likes 7 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Vinnie2000(m): 10:18pm On Oct 14, 2023
Hmmm,

Manchester Utd Aka NGOZI United according to Slawormiir! 😊😄😄😄

Only God knows where that Dude is! 🤨

20 Likes 2 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by kokakola: 10:18pm On Oct 14, 2023
May we not be rejected by our helpers...

12 Likes 5 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by kinzation(m): 10:18pm On Oct 14, 2023
Make e come buy arsenal abeg

5 Likes

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Creditalerts: 10:18pm On Oct 14, 2023
Arab money

7 Likes 2 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Urheadmaster(m): 10:18pm On Oct 14, 2023
To say the Glazers families are from Nigeria, they won't say no to Arab money tongue
Holylady:
Wow. Arabs and money

6 Likes 3 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by PrinceOfLagos: 10:18pm On Oct 14, 2023
All dis Arabs get money abeg

10 Likes 2 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Babangidapikin: 10:18pm On Oct 14, 2023
How much are they selling, let me put a call to my brother the Crown Prince MBS

12 Likes

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by EmmaLege: 10:18pm On Oct 14, 2023
Ahh

1 Like

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Nigeriaaa1960(f): 10:18pm On Oct 14, 2023
F*ck the Glazers

9 Likes 2 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Wealthoptulent(m): 10:19pm On Oct 14, 2023
DiegoVincent123:
According to Fabrizio Romano, Sheikh Jassim's ambitious bid to acquire 100% ownership of Manchester United has been rejected by the Glazers family, leading him to withdraw from the process. In recent discussions and negotiations, Sheikh Jassim's proposition failed to meet the valuation set by the Glazers. While his team declined to comment officially due to confidentiality restrictions, they confirmed the decision to withdraw.



Sheikh Jassim had committed over $1.5 billion for the club's financing, including plans for a new stadium, training center facilities, player acquisitions, and city/community regeneration projects. However, despite his vision of becoming the "dream owner" with a fully cash bid, clearing all old debts and avoiding new ones, the Glazers did not accept his proposal.



It is worth noting that Sheikh Jassim was the only bidder offering to purchase 100% of Manchester United. Any potential minority investor, such as Jim Ratcliffe, would leave the Glazers in control, which was not part of Sheikh Jassim's vision. Minority bidders have the advantage of valuing the club higher since they are only acquiring a small stake.

With Sheikh Jassim's planned withdrawal, it remains to be seen if the Glazers will consider Ratcliffe's minority offer. The future direction of Manchester United's ownership is yet to be determined.

https://twitter.com/FabrizioRomano/status/1713242773296447495?t=oMC9PxQ0AhSLZI20uh_IRA&s=19
Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Illegal1(m): 10:19pm On Oct 14, 2023
omoh............dis arab people dey plug their own money frm trees?


see money wen jst 1 person get

7 Likes

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by youngrichnigga: 10:21pm On Oct 14, 2023
These Glazers will end up glazing United in the culture of failure and underachievement with their desire to hold on to the club. It's just so sad that the vision the sheikh has for the club will never be brought to live as the English pride once again refuses to sell to the best investor/deal angry angry angry angry angry

14 Likes 3 Shares

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by MorataFC: 10:22pm On Oct 14, 2023
Ope oh
Praise the LORD

3 Likes 1 Share

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by zeusdgrt(m): 10:22pm On Oct 14, 2023
No money to waste,e don see say na bad investment

5 Likes 1 Share

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by oluseyiforjesus(m): 10:23pm On Oct 14, 2023
Truth to be said
This people are super rich

14 Likes 1 Share

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by dsocioemmy(m): 10:23pm On Oct 14, 2023
The Glazers won't bow to fans easily.


This is their business and their source of income

6 Likes 1 Share

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by Chetas81(m): 10:24pm On Oct 14, 2023
Holylady:
Wow. Arabs and money
developed yourself and developed your motherland is the first priority, but here in Nigeria lack of idea and vision finish the African continent

6 Likes

Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by amnesty7: 10:24pm On Oct 14, 2023
grin
Re: Sheikh Jassim Withdraws Bid To Buy Manchester United. by iykofiias(m): 10:25pm On Oct 14, 2023
Na ogun go kee the Glazers

8 Likes

(1) (2) (3) (4) (5) (Reply)

Man Utd Sign Van De Beek From Ajax On A 5-Year Deal / Chelsea To Face Arsenal In FA Cup Final As De Gea Errors Eliminate Man United / Luis Suárez Told He Isn’t Part Of Ronald Koeman’s Barcelona Plans

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.