Sheikh Jassim bin Hamad al Thani, QIB’s chairman, and Sir Jim Ratcliffe’s INEOS are writing second bids.
Manchester United may receive eight second bids before Wednesday’s deadline.
The Glazer family will undoubtedly sell the club, but only for the correct price, with a valuation of £6 billion.
If their price is not met, the owners will raise money to invest in the club and pay off debt.
Sheikh Jassim bin Hamad al Thani, chairman of Qatar Islamic Bank (QIB), is rumored to be preparing a second offer for Manchester United after sending representatives to the Premier League club last week.
After visiting the club on Friday, British billionaire Sir Jim Ratcliffe is anticipated to make a second offer for Manchester United through his chemical company INEOS the following week.
On Friday, the INEOS team met at Old Trafford and Carrington for six hours, ending around 4 p.m.
Several other prospective parties have visited the club in the past two weeks, and additional bidders are expected this week.
Based on the first-round proposals, there are currently no frontrunners, although one may emerge after Wednesday evening’s deadline.
With the team’s performance drastically improving and a new strategy in place. It should not be ruled out that the Glazers could retain control of United through a minority deal.
Ratcliffe will not pay “dumb prices.”
Sir Jim has indicated that he will not overpay for Manchester United.
Sir Jim stated in an interview with the Wall Street Journal, “How do you determine the price of a painting? How is the price of a home determined? It has nothing to do with how much it cost to construct or paint.
“What you do not want to do is pay ridiculous prices for items, because you will regret it later.”
However, Ratcliffe, who already owns the French club Nice, stated that his interest in Manchester United would be “purely to win things” and that the club is a “community asset.”
Unlike Sheikh Jassim, who did not visit Manchester personally the day before, 70-year-old Ratcliffe was photographed outside Old Trafford after meeting club executives.
However, according to sources in the United States, negotiations between Sheikh Jassim’s Qatari delegation and United executives last Thursday in Manchester were positive.
His advisors are currently preparing a new bid, which is expected to be submitted by Wednesday’s end of the business.
Previously, it was believed that the Qatari bidders were determined not to overpay for the club. But this posture has softened in recent days, coinciding with the visit of a delegation to Old Trafford.
A Qatari delegation traveled by train from London to Manchester, where it was warmly received. The 10 hours of discussions were significantly lengthier than anticipated.
Sheikh Jassim and members of his team had previously visited Old Trafford as supporters, and the purpose of this visit was to gain a better understanding of what they could do with their capital investment in terms of infrastructure, youth development, and the women’s team.
