Qatari takeover gets huge boost ahead of meeting at Man Utd inside next 24 hours

Manchester United's potential takeover from Qatari investments has received a massive boost after Sheikh Jassim bin Hamad al-Thani has enlisted US financial giant Bank of America to decide his final valuation.

The Qatari consortium is due to meet with the Glazer's selling agent, the Raine Group, at Old Trafford in the next 24 hours. And, according to The Sun, the Qatari's decision to include representatives from the Bank of America is a major step.

However, they are the only potential buyers meeting at Old Trafford with Sir Jim Ratcliffe, and his INEOS group, also scheduled to meet with the Glazers.

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According to The Atheltic, Sheikh Jassim will meet with the Glazers representatives on Thursday, one day before Sir Jim and his INEOS group.

Britain's richest man will instead be in Nice on Thursday, which he also owns, to watch their Europa League tie. The talks are being labelled as 'stage two' and they are believed to look at the finances and plans for future growth.

The Athletic also reports that development plans for Old Trafford and Carrington will be discussed.

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Both potential owners have lodged bids – but both were believed to be around the £4.5billion mark, short of the £6billion valuation held by the Glazers.

However, the Glazer family could yet not sell the Red Devils, despite putting the club on the market. The Raine Group are still believed to be looking at a range of options – including keeping the club – and no final decision has been made.

One of these options would be to use four US hedge funds to create a new company to push the club’s merchandising and digital commercial operation.


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