After nearly a year of ups and downs, the sale of Manchester United ended in failure. According to "Transfer Ace" journalist Romano and the British media, the owner of Manchester United, the Glasha family, ignored the Qatar consortium's offer of up to 6 billion pounds (about 57 billion Hong Kong dollars), a decision that made the Qatar consortium's head Sheikh Al-Thani lose patience and announced that he would give up his bid. British businessman Ratcliffe seems to be the unexpected "winner" in the race to acquire a 25 percent stake in Manchester United. However, the final decision-making power of Manchester United is still in the hands of the Grassa family, which makes Manchester United fans, who have been opposing the Grassa family for years, feel desperate again.
Since the Glasha family announced its intention to sell Manchester United in November last year, it has attracted a number of consortia to throw out olive branches. Among them, the Qatari consortium headed by Sheikh Al-Thani is the most active, not only offered 6 billion pounds to buy 100% of the shares of Manchester United, but also committed to an additional investment of 1 billion pounds to improve the facilities of the Otford Stadium, revitalize the development of the surrounding area, and help the club to pay off all the debts.
However, the Glasha family remained unsatisfied with the offer and wanted to retain some of their shares, which made it impossible for the two sides to reach an agreement. It is understood that representatives of the Qatar consortium had recently held talks with the Glasha family, but ultimately remained inconclusive, and Sheikh Al-Thani chose to withdraw from the takeover battle.
It's worth noting that just last month, news broke that the Glasha family was interested in suspending the sale of Manchester United, news that led to United shares plummeting more than 18% in a single day. The wealthy American family believes United should be worth more than £10 billion, and therefore plans to list the club for sale again in 2025, when it is expected to attract more buyers to bid for the offer.
