Sheikh Jassim bin Hamad al-Thani is confident that his bid to purchase Manchester United will be successful even though the Carlyle Group, an American investment firm, wants a minority stake and the Glazers have instructed Raine, the bank handling any transaction, to evaluate the offer.
It is believed that a second U.S. fund, Ares Management, is interested in a comparable arrangement. Even though Carlyle, Ares, and Elliott Investment Management hope to purchase a portion of United from one or more of the six Glazer siblings, Sheikh Jassim, the Qatari banker who wishes to acquire the entire company through his Nine Two Foundation, is confident that his offer will be approved.
He stated that the acquisition would be debt-free. Sir Jim Ratcliffe, one of the wealthiest individuals in Britain, desires to acquire a controlling stake in a company. But he has stated that he will borrow as part of any deal.
With 19.11%, Joel Glazer is the greatest shareholder among his siblings. Darcie possesses 18.15 percent, Bryan 17.23 percent, Avram 14.38%, Kevin 13.77 percent, and Edward 12.99 percent. It is believed that Joel and Avram will retain their stakes if suitable financing can be secured. Thus, the possibility of a transaction with Carlyle, Ares, Elliott, or a comparable investor is being considered.
