Why Sheikh Jassim pulled out of Manchester United takeover as fresh conversation comes to light

The co-founder of Raine Group, the bank overseeing the sale process, stated that Qatari businessman Sheikh Jassim bin Hamad al Thani decided to retract his offer to purchase Manchester United due to concerns of overpaying for the club. Jassim was a top contender to acquire the team from the Glazers following their announcement in November 2022 of exploring strategic alternatives. It was believed that the owners of United were beginning to consider slowly departing from Old Trafford. However, In late 2023, Ineos CEO Ratcliffe surprised everyone by finalizing a deal to acquire a minority share in United, after Jassim had pulled out of the bidding process just a few weeks prior. Therefore, the intentions of the Qatari business owner were doubted by some fans of Old Trafford, who questioned whether Jassim had shown evidence of funds for buying the English champions. However, Joe Ravitch, the co-founder of Raine, stated that Jassim was genuine in his desire to purchase United and had made serious offers during the sales process. Three players will be returning for the match against Liverpool. Wir hatten ein Treffen mit Jassim. He found himself in New York. Ravitch described him as a nice and intelligent man during an interview with The Times. The Qataris were very authentic.

 

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