Battle to buy Manchester United heats up as Qatari banker and British billionaire prepare to raise bids to take over the Red Devils
United's owners, the Glazer family, have reportedly set a world record $7.3 billion valuation for a sports club.
INEOS chemical company founder Ratcliffe, a boyhood United fan, has been more circumspect in his assessment, insisting he will not pay a "stupid" price in a bidding war for one of football's most iconic clubs. Deeply unpopular with supporters since they saddled the club with debt in a £790 million leveraged takeover in 2005, the Glazers appeared ready to cash out at an enormous profit when they invited external investment in November.
Just months after hosting the 2022 World Cup, a successful Qatari bid would give the Gulf state pride of place in the Premier League — the world's most-watched domestic competition.Sheikh Jassim is the son of former Qatari prime minister Sheikh Hamad bin Jassim bin Jaber Al Thani, and his close links to the gulf state's ruling elite would raise questions over another Premier League club becoming a state-backed project.
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