Manchester United takeover: Glazer family asked PSG president Nasser Al-Khelaifi to help increase Sheikh Jassim's bid

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2023-06-09 21:45:00  • 5 mins

Manchester United's owners met with PSG president Nasser Al-Khelaifi to ask him to convince Sheikh Jassim to increase his bid to buy the club.

The Glazers want £6bn and last week Sheikh Jassim submitted a fifth, improved bid, which is understood to be his final offering, totalling around £5bn.

The Athletic reported on Friday that Al-Khelaifi has "played a significant role" in the Qatari royal's bid to purchase the club from the Glazer family.

He has also reportedly met with the Raine Group to discuss the takeover.

But Sky Sports News has been told Al-Khelaifi has only been asked for advice, with Sheikh Jassim having also got in touch with the PSG president about his bid previously.

Sheikh Jassim believes his bid is a very competitive one which brings huge benefits to Manchester United, including clearing nearly £1bn worth of club debt and a separate fund to redevelop Old Trafford, the surrounding area and the club's Carrington training ground.

Sir Jim Ratcliffe's INEOS values United at a higher price than Sheik Jassim's bid, but theirs is not for the whole club and would give the Glazers the opportunity to keep a 20 per cent stake. United's share price closed down to $18.80 on the NYSE in May, giving the club a market cap of $3.09bn (£2.47bn).

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