After a dragging bidding race between Sheikh Jassim and Sir Jim Ratcliffe, the Glazers settled for a co-ownership deal with Sir Jim Ratcliffe.
Earlier in the bidding race, it was thought Sheikh Jassim would outbid Sir Jim as he wanted a full takeover of Manchester United with a superior offer on the table. However, the tables turned with Sir Jim emerging favorite to win the race.
Sighting the imminent capitulation on the bidding war, Sheikh Jassim withdrew at the dearth and blasted the Glazers for using him to inflate the club's value and selling to their rival Sir Jim.
After a dragging takeover process, the Glazers announced they have agreed to sell a 25% stake in Manchester United to Sir Jim Ratcliffe.
The 71-year-old Manchester-born investor has begun head-on with his drive to transform Manchester United's fortunes and restore the club to its glory days.
Compared to Sheikh Jassim's bid, Ratcliffe's partial ownership offer was less popular with Man United fans, who wanted the Glazers to leave the reins at Old Trafford totally.
United fans hoped for Sheikh Jassim's bid to scale through as they wanted an end to the 18-year rot under the watch of the Glazers.
Sheikh Jassim's met only one hurdle - their offer was below the club's valuation as claimed by the Glazers.
Now, the Glazers have come out to debunk reports they did not meet the Glazers valuation of Manchester United.
According to Daily Mail, Sheikh Jassim's team were reportedly furious after Manchester United told the club's shareholders that the Qatari group did not meet their £4.5bn valuation of the club and did not provide proof of funding.
The Qatari group have responded furiously to the claims, insisting they met the valuation and provided full proof of funding.
Following the response by the Qatari group, Manchester United will now have to demand to issue a corrective statement to the US Security and Exchange Commission
As of the time of filing this report, United are yet to comment on the incident. Meanwhile, there have been speculations the Glazers would have opted to frustrate Sheikh Jassim's full takeover bid as they did not genuinely want to sell the club.
Earlier in the bidding race, it was thought Sheikh Jassim would outbid Sir Jim as he wanted a full takeover of Manchester United with a superior offer on the table. However, the tables turned with Sir Jim emerging favorite to win the race.
Sighting the imminent capitulation on the bidding war, Sheikh Jassim withdrew at the dearth and blasted the Glazers for using him to inflate the club's value and selling to their rival Sir Jim.
After a dragging takeover process, the Glazers announced they have agreed to sell a 25% stake in Manchester United to Sir Jim Ratcliffe.
The 71-year-old Manchester-born investor has begun head-on with his drive to transform Manchester United's fortunes and restore the club to its glory days.
Compared to Sheikh Jassim's bid, Ratcliffe's partial ownership offer was less popular with Man United fans, who wanted the Glazers to leave the reins at Old Trafford totally.
United fans hoped for Sheikh Jassim's bid to scale through as they wanted an end to the 18-year rot under the watch of the Glazers.
Sheikh Jassim's met only one hurdle - their offer was below the club's valuation as claimed by the Glazers.
Now, the Glazers have come out to debunk reports they did not meet the Glazers valuation of Manchester United.
According to Daily Mail, Sheikh Jassim's team were reportedly furious after Manchester United told the club's shareholders that the Qatari group did not meet their £4.5bn valuation of the club and did not provide proof of funding.
The Qatari group have responded furiously to the claims, insisting they met the valuation and provided full proof of funding.
Following the response by the Qatari group, Manchester United will now have to demand to issue a corrective statement to the US Security and Exchange Commission
As of the time of filing this report, United are yet to comment on the incident. Meanwhile, there have been speculations the Glazers would have opted to frustrate Sheikh Jassim's full takeover bid as they did not genuinely want to sell the club.