Sheikh Jassim bin Hamad Al Thani has promised to boost Manchester United ’s summer transfer budget by £50m should he complete a takeover of the club.
The Qatari billionaire has been in the race to become the club’s new owners since the Glazer family announced their intentions to sell in November last year. He faces competition from INEOS owner and the UK’s richest man Sir Jim Ratcliffe.
Both parties have lodged multiple bids for United but at this stage neither have been named as the Raine Group’s preferred bidders. Sheikh Jassim made one final play for the club last week as he lodged a fifth and final offer, and threatened to stop engaging with the process should it not be accepted.
