Sheikh Jassim Bin Hamad Al Thani is prepared to purchase at a reasonable cost but he won’t spend too much.
Although it is widely acknowledged that whoever purchases United will have to pay too much, Sheikh Jassim won’t act irresponsibly.
His father Sheikh Hamad expressed last week that he “doesn’t like the expenditure” in the United bid. The approximate value of United in Sheikh Jassim’s indicative offer is £4.5 billion.
United, according to the Glazer family, is worth at least £6 billion. Prince Jassim follows his father’s approach to investing. Both he and his father are referred to as “smart, savvy, cautious investors” and used to manage their father’s investment firm.
Over the next two weeks, at least three potential buyers of United have been invited to Manchester for presentations, meetings, and access to comprehensive financial data about the team.
Next week, a team from Sheikh Jassim and Sir Jim Ratcliffe, the other top bidder, is anticipated at Old Trafford.
Some of the buyers had anticipated receiving exclusivity by this point. There are worries that the Glazers either don’t want to sell the club or are attempting to use minority bidders to increase the selling price.
It’s important to remember that Qatar Sports Investments paid €70 million for Paris Saint-Germain in 2011 and that the club is currently valued at €4.2 billion thanks to bids for minority stakes. The team has received €1.8 billion from QSI.
The New York Stock Exchange estimates that Manchester United is valued £3.5 billion. Man United are a trophy asset, so you have to pay a little bit more because everyone understands that. Jim Ratcliffe and the Qataris are undoubtedly prepared to pay a little bit more. But they won’t give the Glazers outrageous sums of money for Manchester United.
