According to Fabrizio Romano of Transfer Authority and major media reports in the UK, the Glasha family, the owners of the Red Devils, rejected the £6 billion (HK$57 billion) offer from the biggest buyer, the Qatar consortium, causing the other big boss, Sheikh Al-Thani, to lose patience and decide to give up on the purchase. The other major buyer, British tycoon Ratcliffe, has emerged as the "winner" and will buy a 25% stake in the club, but the Glasha family will always be in charge of the club, plunging United fans, who have been "anti-Glasha" for years, into despair once again.
The Glasha family announced in November last year that they were ready to sell the club, attracting a number of consortiums to bid, among which the Qatari consortium led by Sheikh Al-Thani was the most sincere, not only offering 6 billion pounds to buy 100% of the shares of Manchester United, and is willing to invest an additional 1 billion pounds to improve the facilities of their home stadium, the Otford Stadium, and revitalization of the development of the surrounding areas, as well as for the club to pay off all the debts.
However, the Glasha family still considered that the offer was too low and wanted to retain part of the shares, so the two sides have not been able to reach an agreement. It is reported that representatives of the Qatar consortium have recently met with the Glasha family again, but they have failed to reach an agreement, which has led to Sheikh Al-Thani's decision to withdraw from the takeover.
In fact, last month, it has been rumored that the Glasha family to shelve the sale of the club, so that the United shares plummeted by more than 18% in a single day, what a rich American family think United is worth 10 billion pounds, and intends to wait until 2025 to put up for sale again, that can attract more buyers bidding at that time.
