Man Utd takeover: Sheikh Jassim twist after Sir Jim Ratcliffe decision

Manchester United's Old Trafford
Manchester United's Old Trafford

Sheikh Jassim remains committed to a full 100 per cent takeover of Manchester United, claim reports.

It comes after the latest twist in the long-running saga at Old Trafford with news that the other bidder Sir Jim Ratcliffe is weighing-up buying a minority stake in the club rather than seeking full control.

So what's happened over the past 48-hours?

What is the latest development at Man Utd?

On Monday evening, Sky News reported Sir Jim Ratcliffe is weighing up buying a minority stake in the club rather than seeking full control.

Ineos founder Ratcliffe and Sheikh Jassim made offers to buy United in February but the process remains ongoing.

Both Ratcliffe and Sheikh Jassim have made bids for the club, however neither have reached the Glazers’ desired price of £6 billion. However, according to reports the potential buyers are not willing to pay more to purchase United, but a further bid from Sheikh Jassim is not out of the question.

Regarding the latest development, Sky News report: "Sky News has learnt that Sir Jim's Ineos Sports vehicle has proposed to the controlling Glazer family a deal that would see it acquiring chunks of both their shares and the stock publicly traded on the New York Stock Exchange in equal proportion.

"That offer would entail making an offer at the same price for both sets of shares, with one suggestion on Monday evening being that Sir Jim could seek a roughly 25 per cent stake in the Red Devils as part of his latest proposal."

That deal would, however, see the Glazers remain in overall control.

Has there been a development since news of Sir Jim Ratcliffe's plan?

Sky News and the Independent claim Sheikh Jassim is still keen on a full takeover.

Sky report: "Qatari banker Sheikh Jassim and British industrialist Ratcliffe have made bids which value United at about £5bn, but the Glazers have been holding out for higher offers.

"Sheikh Jassim is committed to his 100 per cent bid, and does not believe United require a new shareholder."

Last month, the club's valuation on the New York Stock Exchange plummeted by more than £500million following reports the Glazers may not sell.

Many United fans will be desperate for a change in ownership as the Glazers have spent big money on players that are yet to deliver on the pitch. There has been protests over the years against the Glazers.