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Sir Jim Ratcliffe’s latest strategic move in the Manchester United takeover battle could be the catalyst to Sheikh Jassim bin Hamad Al Thani agreeing a deal with the Glazer family. The British billionaire has reportedly met the United owners’ valuation, which may spark a favourable reaction from Sheikh Jassim.
According to The Times, the Glazers are considering a revised Ratcliffe offer for 25 per cent of the club worth £1.5billion.
The INEOS chief’s initial bid worth around £5bn for the Glazers’ 67 per cent stake met their hefty asking price, given they reportedly value the entire club at £6bn.
But amid a reluctance to sell from Avram and Joel Glazer, Ratcliffe’s new approach to accepting a minority stake before a phased full takeover in the coming years could prove more attractive.
Sheikh Jassim is said to have offered £5bn for 100 per cent of the club and has shown little sign of budging on what is already an inflated price.
The Qatari royal is reportedly unconvinced by recent reports regarding Ratcliffe’s new strategy, considering it another tactic to create competitive tension between the bidders.
But if Ratcliffe’s fresh approach starts to win the Glazers over, it may draw a reaction to end the takeover saga once and for all.
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GiveMeSport report that the threat of the American family opting for Ratcliffe’s minority investment is the only thing that could see Sheikh Jassim react.
Sheikh Jassim is reportedly only interested in a full sale, meaning any reaction would likely have to be worth £6bn to convince the Glazers to snub his rival.
If he hits that asking price, the Glazers could be tempted to shake his end and end their unpopular 18-year reign at Old Trafford.
Anything less, and United’s owners are bound to consider Ratcliffe the preferred bidder if he reaches as high as £1.5bn for an initial 25 per cent.
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The Glazers are reportedly partly hesitant to sanction a sale now because they believe the increased Saudi Arabian investment in football will boost the club’s value.
With that in mind, there may be hope among the six siblings that the money Ratcliffe eventually pays for a majority stake will total even more than £6bn.
While it remains unconfirmed that Ratcliffe has officially lodged an offer for a minority stake, the Glazers will likely be happy to stick around after delaying a decision for almost a year.
But the ball would firmly fall into Sheikh Jassim’s side of the court if he was tabled an ultimatum to react to a new minority bid or lose out on becoming United’s new owner.
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