Transfer News & Rumours

Sheikh Jassim had Mbappe, Coman & Camavinga in his Manchester United plans after takeover

Rajarshi ShuklaRajarshi Shukla

October 16 2023
Kylian Mbappe Manchester United

The Qatari billionaire pulled out from the race to sign Manchester United

If Sheikh Jassim’s purchase of Manchester United was successful, he intended to acquire Kylian Mbappe, Kingsley Coman and Eduardo Camavinga.

In recent days, Sheikh Jassim had additional discussions with United’s owners, the Glazer family, but concluded that the club’s price is unsustainable, according to a source.

Sheikh Jassim’s offer was close to £5 billion ($6.061 billion), however, according to sources the Glazers place a higher value on United over £6 billion. The club is currently valued at about £2.6 billion on the marketplace.

The Qatari bid contained a promise to wipe off current debt and featured 100% club ownership. According to data made public in March, United owes £969.6 million. Sheikh Jassim reportedly promised to spend £1.4 billion to upgrade the playing roster and redevelop infrastructure, including Old Trafford.

Sir Jim Ratcliffe, a British billionaire, and his INEOS group are still involved in the process and are now optimistic that a deal to acquire 25% of the club, worth approximately £1.5 billion, would be completed.

The Glazers would still be in charge under the revised majority ownership offer made by Ratcliffe and INEOS. However, complete ownership of the club is still Ratcliffe and INEOS’ ultimate objective.

Several American financial organisations have also made minority investment offers to the Glazers.

The American family, who paid £790 million to purchase the club in 2005, revealed last November that they sought “strategic alternatives,” such as an entire sale or admitting minority participation.

As United opened their campaign by losing four of their first eight Premier League games to sit in 10th place in the standings, resentment towards the ownership has simmered and increased.

The 2023–24 season has already seen Erik ten Hag’s team drop both of their group-stage matches in the Champions League.

Sheikh Jassim’s proposal would have eclipsed the proposal to purchase NFL team Washington Commanders by at least £200 million, but it still came shy of the Glazers’ own estimate of the club at roughly £6 billion, it was claimed earlier this year.

For more updates, follow Khel Now on Facebook, Twitter, and Instagram; download the Khel Now Android App or IOS App and join our community on Telegram.