Sheikh Jassim will take over Manchester United as per club legend

Rio Ferdinand, the former Man United star, has expressed his belief that Sheikh Jassim bin Hamad al-Thani has emerged victorious in the battle to acquire the club. 

Discussions between the Qatar Islamic Bank chairman and the Glazer family, who currently own the club, have been ongoing since November of last year. Ferdinand claims that Sheikh Jassim has outpaced competing bidder Sir Jim Ratcliffe in the race to purchase Manchester United.

Rio Ferdinand comments on Man United takeover situation

According to Ferdinand, a takeover appears imminent, as he shared the information on his Rio Ferdinand Presents FIVE YouTube channel. He stated that the Qatari bid is the one expected to be accepted and successfully completed.

“Man United takeover is imminent,”

And further added:

 “We’re hearing the Qatari bid is the one which will be accepted.

It is the one that is going to be accepted and it is the one that is going to go through”.

The Glazers have set their asking price at £6 billion, and Sheikh Jassim presented his fifth and final offer last week. The resolution of the ownership matter is of utmost importance for Manchester United, as it will determine the club’s direction going forward during the summer transfer window.

Erik ten Hag aims to strengthen the United squad

If a takeover occurs, the club’s spending will be limited due to financial regulations that restrict expenditures to 90% of total income, encompassing transfers, wages, coaching, and agent fees.

Manchester United spent over £200 million in the previous summer transfer window, and their financial statements released earlier this year indicated outstanding transfer fees exceeding £300 million.

Consequently, their budget for this summer hinges not only on the anticipated takeover but also on player sales.

Supporters of the club eagerly await positive updates, especially amid reports suggesting that a preferred bidder might be announced within the week.