Manchester United takeover: Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe bids through to next stage | Football News

The two leading bidders for Manchester United have been told that they have made it through to the next stage of the process.

Sheikh Jassim bin Hamad Al Thani’s and Sir Jim Ratcliffe’s bid teams are set to meet Raine Group next week before they are given access to detailed financial information which would allow them to make firm offers.

Sheikh Jassim believes his debt-free bid is the best bid on the table for the club and the community.

Ratcliffe believes his offer would offer United a progressive, fan-centred ownership model.

Both leading bidders are willing to pay a premium to own a trophy asset such as United but their opening indicative offers have fallen short of the Glazer family’s reported £6bn asking price for the club.

Elliott Management, Oaktree Management and Oaktree Capital have submitted proposals to Raine which would involve providing financing for bidders or buying a minority stake in the club.

More to follow…

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