Tottenham could find themselves at the centre of a lucrative takeover approach after a huge Manchester United decision was made. Qatari banker Sheikh Jassim and INEOS owner Jim Ratcliffe were the two parties interested in a takeover of Man United following the Glazers announcement nearly one year ago they were seeking 'a thorough evaluation of strategic alternatives'.
Over the past 12 months, numerous updates have followed but it has continued to remain unclear what was going to happen with the Glazers seeking to retain some control while Jassim wanted full ownership of the club. With patience perhaps growing thinner from the Qatari side, following new conversations with the Glazers, an answer has been given to Jassim which has resulted in a major decision being made by his party, according to Fabrizio Romano.
On X (formerly Twitter), he wrote: «Sheikh Jassim has presented a full cash bid, clearing all old debt, with zero new debt, for 100% of the Club.» He added on YouTube: «At the moment the takeover with the Qatari group is more than complicated, we always have to wait for the official steps but that is the feeling.
»What happened is in the recent days Sheikh Jassim and his team, his group, had new conversations, new discussions, new negotiations with the Glazer's family advisors to discuss Manchester United and Sheikh Jassim presented a kind of new structure and proposal to buy Manchester United.
«The answer from the Glazers in recent days from this discussion was very clear, they said again no to the proposal of Sheikh Jassim.» While no Qatari investment certainly affects Man United's Premier League rivals, which include Tottenham, they may be a more direct impact felt by this decision in north London.
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