Manchester United, one of the most valuable and iconic sports franchises in the world, has been on the brink of a major ownership change for the past few weeks. The club has been put up for sale, with a number of interested parties reportedly submitting bids. However, the uncertainty surrounding the potential sale has caused the club’s stock to tank.
According to recent reports, the most notable bid came from Qatar Islamic Bank chairman Sheikh Jassim Bin Hamad Al Thani, who submitted an offer of $6 billion for the club. While this offer is significant, it seems that both investors are wary of paying too much for the club, while the current owners seem to want more than what either investor has currently bid.
The bid from Al-Thani is one of two major offers that have been submitted for the club. The other offer came from British billionaire James Ratcliffe, who is the founder of the chemical company Ineos. Ratcliffe’s offer has not been disclosed, but it is believed to be significantly less than the $6 billion offered by Al-Thani.
The uncertainty surrounding the sale has caused Manchester United’s stock to drop significantly in recent days. As of February 27th, the stock had fallen by over 25%, with many investors concerned about the potential for the sale to fall through.
While the potential sale of Manchester United has been a hot topic in the sports world, there are many uncertainties surrounding the process. The current owners seem to want more than either investor has currently offered, while the investors are wary of paying too much for the club. In the meantime, fans of Manchester United will be watching closely to see how the situation unfolds and what it means for the future of the club.