The lengthy saga, which began in November when the club was initially listed for sale, is finally nearing its conclusion. As reported by The Sun, the Qatari royal figure is on the brink of acquiring the Red Devils for an estimated sum of £6 billion ($7.9 billion). A specific handover date for Jassim to assume control has been arranged, and the Glazer family, who have faced criticism, won’t be allowed to maintain any ownership in the club.
Ratcliffe, a British billionaire, had been the Qatari bid’s main rival, though it’s believed that his proposal would have included the Glazers continuing to have shares in the club.
Instead, Jassim will be completing a full takeover of United. It is said that he intends to invest in the club’s stadium and infrastructure, while continuing to improve the first-team playing squads.
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An announcement of the takeover could be made as early as next month as United enter what they hope will be a successful new era.