Manchester United sale: New round of talks to take place this week

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Representatives of Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe will negotiate and receive a presentation from Manchester United officials ; this week.

Qatari Sheikh Jassim and British billionaire Ratcliffe are the leaders in buying the Red Devils, with official bids submitted by them last month.

Sheikh Jassim's interests will represent a delegation of lawyers and financiers, but he himself, most likely, will not come to Old Trafford; Thursday.

Jim Ratcliffe will arrive in Manchester for personal talks on Friday, along with his lawyers and economists.

John Murtaugh, as well as the heads of the club's commercial and financial departments.

The visits of both delegations mark the next step in the takeover process, after which the prospective new owners are expected to be asked to return with a second offer.
< br />The New York-based Raine Group, which handles this process on behalf of the owners of Mwanchester United, will then report to the Glazer family.

The selected bidder then enters a period of exclusivity where a final price can be negotiated for the club.

Sheikh Jassim, son of former Prime Minister Hamad bin Jassim bin Jaber Al Thani, announced his intention to acquire “100% of the club” last month. The chairman of the Islamic Bank of Qatar has bid to buy the club for £4.5bn.

Ratcliffe, reportedly worth around £13.3bn, has also set his sights on buying a majority stake in the club. .

It is believed that the first applications did not meet the expectations of the current owners of the club. The Glazer family are reportedly looking to sell the club for around £6bn and are ready to push back United's sale deadline. until June to get the best price.

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