Reports from Qatar say SHEIKH JASSIM has won the Manchester United takeover race.
Qatar’s Sheikh Jassim bin Hamad al-Thani vied with Sir Jim Ratcliffe’s Ineos to buy the Red Devils.
Ineos was the front runner in acquiring a 60 per cent stake in United, which would have left the Glazer family in a reduced role at Old Trafford.
But according to Al-Watan newspaper, owned by Sheikh Jassim’s father, Qatar’s bid for Man United was successful.
They add that after “successful” talks, an announcement of the takeover of Sheik Yassim will be made “soon”.
Sheikh Jassim’s latest bid for a 100 per cent stake in United is said to be worth around £5bn.
The Red Devils’ takeover race is finally set to peak after seven months of bidding.
It was announced back in November that the Glazer family was ready for a sale – the same day it was confirmed that Cristiano Ronaldo was set to be fired.
Should the reports in Qatar be confirmed, Ratcliffe will miss out on the purchase of his youth club.
Sheikh Yassim, a member of the Gulf state’s ruling family, presented US negotiators with an ultimatum last week.
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His latest £5bn bid is this FIFTH Offer he has made for the club since the start of the takeover process.
Qatar have pledged to pay up front while also freeing the Red Devils from any debt.
Paris Saint-Germain owner Nasser Al-Khelaifi last week denied any involvement in Sheikh Jassim’s bid.
It has been claimed that Al-Khelaifi was asked by US leaders to persuade Sheikh Jassim to increase his bid.
This sparked speculation about Qatar’s possible wider involvement in the bid.
However, Al-Khelaifi said: “Paris St-Germain is my club, in my heart, and I have nothing to do with Manchester United.”
“It makes me laugh. I’m Qatari, right? If people ask me for my opinion, I’ll definitely answer them – and they do too.
“I’m talking about everyone, not just Manchester United. I will give them the experience I have.”