Manchester United say Qatari bidder failed to provide financial guarantees

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  • US SEC filings said Sheikh Jassim did not respond to requests
  • Jim Ratcliffe gave United Christmas Day deadline to accept offer

The Qatari bidder for Manchester United, Sheikh Jassim bin Hamad al-Thani, dropped out of the race to buy the club after failing to prove he had sufficient finance for the deal, according to a document submitted to American authorities.

In filings made to the US Securities and Exchange Commission to confirm Sir Jim Ratcliffe’s acquisition of 27.69% of the club, Jassim (referred to as “Bidder A”) is described as having failed to respond to requests to show where his money was coming from. It was also revealed that ­­Ratcliffe issued a Christmas Day deadline for ­acceptance of his final offer, threatening to walk away if there was no progress.

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Written by Paul MacInnes
This news first appeared on https://www.theguardian.com/football/2024/jan/17/manchester-uniteds-qatari-bidder-failed-to-provide-financial-guarantees under the title “Manchester United say Qatari bidder failed to provide financial guarantees”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.