Qatari banker Sheikh Jassim has finally had his £6billion bid to buy Manchester United accepted by the Glazer family and has begun due diligence, according to reports.
The takeover talks have dragged on for nine months now, with the Glazers first confirming they were ‘exploring strategic alternatives’ all the way back in November of last year.
Sir Jim Ractliff and Sheikh Jasim had different offers on the table but Jasim was willing to splash huge cash on the club with an offer of complete sale.
the Sun are reporting that the Glazers have at last managed to all agree and will commit to a full sale of the club.
According to the report, senior figures at Old Trafford warned the Glazers there would be a ‘huge backlash’ from supporters if they held onto any shares.
But Avram and Joel appear to have relented and the family’s controversial 18-year reign at Old Trafford looks set to come to an end.
Sheikh Jassim will buy 100 per cent of the club and will also wipe out the gross debt of £725million that was racked up over the Glazers’ stewardship of United.
The Qatari banker’s team are currently completing due diligence on the club before the takeover can be rubberstamped, with the deal likely to be completed around mid-October.
