Man United Sale: Qatar’s Sheikh Jassim Submits Second Bid After Sir Ratcliffe

QATARI banker Sheikh Jassim has joined Ineos owner Sir Jim Ratcliffe in submitting a second bid to buy Manchester United.

A representative for Sheikh Jassim said on Saturday they put in a revised bid overnight.

On Thursday, Ratcliffe put in his second bid after Wednesday’s confusion and extended deadline.

It followed Finnish entrepreneur Thomas Zilliacus stating he has submitted a bid to buy the Old Trafford club.

Zilliacus wants to buy half of the club with the other half bought by fans, who will be part of club decision-making.

On Saturday, Zilliacus claimed he had also increased his bid for United overnight.

Interested parties had until 21:00 GMT on Wednesday to enter their bids before the deadline was extended.

On Thursday, an Ineos spokesperson said: “Ratcliffe and Ineos can confirm we have submitted a revised bid.”

The Glazer family, who bought Manchester United for £790m in 2005, announced they were considering selling the club in November.

The Americans have established a valuation of £5-6bn for United.

Ineos wants to buy the combined Glazer shareholding of about 69%, but the Qataris are targeting 100% of the club.

Both sides met with United officials earlier in March.

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