Live Bar News on October 15 several media reported that Jassim withdrew from the acquisition of Manchester United and Ratcliffe would acquire 25% of Manchester United’s shares for 1.3 billion pounds. Since Manchester United released the announcement of sale, Jassim has offered quotations five times in total. Sky Sports combed the Timeline of Manchester United’s sale.
Manchester United sale timeline (local time):
2022.11.22: Manchester United announced that Glazer confirmed that he was open to selling clubs, but would also consider any options including “new investment.
2023.2.17: Ratcliffe and Jassim bid, and Qatar hopes to acquire Manchester United by 100%.
2023.2.18: Elliott, an American hedge fund, proposed to invest in Manchester United.
2023.2.28: after the quotation did not meet the valuation of 6 billion pounds, the Glazer family split over the sale.
2023.3.5: Ratcliffe, Jassim and anonymous quoting party entered the second stage of bidding.
2023.3.10: Elliott fund enters the second stage of Manchester United sale.
2023.3.16/17: before obtaining detailed financial information, Qatar consortium, Ratcliffe and Renn group met in Old Trafford. Jassim is far away.
2023.3.22: at the request of Jassim and Ratcliffe, the Renn group extended the deadline for the second quotation. Elliott fund offered an offer to buy minority shares before the deadline.
2023.3.23: Ratcliffe made a second offer.
2023.3.24: Jassim offered the second quotation.
2023.4.11: the Glazer family pushed the sale to the third stage, requiring interested parties to submit a final offer before the end of April.
2023.4.28: Jassim’s valuation quotation for Manchester United set a world record, and Ratcliffe also sent an offer on the deadline.
2023.5.16: Jassim offered his fourth offer, close to 5 billion pounds. Ratcliffe’s innix group offers a higher valuation of Manchester United, but not all acquisitions will leave a 20% stake in the Glazer family.
2023.6.7: Jassim raised his quotation for the fifth time.
2023.10.14: Jassim withdrew from Manchester United’s acquisition.
The biggest acquisition in sports history!? Tracking Manchester United for sale
