LONDON, ENGLAND - JUNE 03: A Manchester United emblem is waved from the stands during the Emirates FA Cup Final betwixt Manchester City and Manchester United astatine Wembley Stadium connected June 03, 2023 successful London, England. (Photo by Michael Regan - The FA/The FA via Getty Images)
Michael Regan - The Fa | The Fa Collection | Getty Images
English shot nine Manchester United is negotiating granting exclusivity to the consortium led by Qatar's Sheikh Jassim bin Hamad al-Thani successful the talks to merchantability itself for much than $6 billion, radical acquainted with the substance said connected Thursday.
Members of the Glazer family, which ain number stakes successful Manchester United and power it acknowledgment to a dual-class stock structure, would beryllium cashing retired arsenic portion of the projected deal, 1 of the sources said.
The Qatari connection is presently viewed by the Glazers much favorably than a bid from British billionaire Jim Ratcliffe, laminitis of chemicals shaper INEOS, the sources added. Ratcliffe's connection envisions that the Glazers would support immoderate involvement successful Manchester United.
Manchester United would not beryllium allowed to negociate with immoderate bidder different than Sheikh Jassim for the exclusivity period. It could not beryllium learned however agelong this play whitethorn last. The sources cautioned that the concern remained fluid and a caller bid from Ratcliffe could forestall Sheikh Jassim from securing exclusivity.
The sources requested anonymity due to the fact that the substance is confidential.
Representatives for Manchester United and Sheikh Jassim did not instantly respond to requests for comment.