SportsTalk reported on October 15 that TA issued an article analyzing Jassim’s withdrawal from the Manchester United acquisition, saying that the Glazer family’s asking price for Manchester United was US$8 billion.
TA said that in the past 11 months, Jassim and Ratcliffe have not reached the level of Manchester United’s offers for Glazer. The family’s asking price of $8bn (£6.4bn) puts the two bidders’ value on United’s shares at nearly $6.3bn. Late on Saturday, Jassim’s representatives claimed that Qatar had informed the Glazer family that it was withdrawing from the takeover following discussions in recent days. Manchester United’s board will vote on whether to sell a minority stake to Ratcliffe.
Jassim has held further talks with the Glazer family over the past week, with sources saying his offer rose to almost the club’s market value Double that of $3.2 billion. The plan also includes a further investment of US$1.7 billion for the club to rebuild the stadium and training center, introduce players, etc. This amount has also been increased in recent days. The obvious reason Jassim’s offer failed was money, as Ratcliffe acquired a minority stake but at a higher price per share.