Man Utd takeover: Qatari team to make second bid Wednesday

Sheikh Jassim Bin Hamad Al Thani will make his second bid for Manchester United on Wednesday evening.

Sources in the US say talks last Thursday in Manchester between Sheikh Jassim’s Qatari delegation and United executives were positive.

His advisers are now working on putting together a new bid which is expected to be submitted by close of business on Wednesday.

There is also growing confidence among bidders that the Glazer family, who believe the club is worth at least £6bn, are willing to sell United.

It was previously understood that the Qatari bidders were determined not to pay over the odds for the club, but that stance has softened in recent days coinciding with a delegation’s visit to Old Trafford.

A Qatari delegation travelled to Manchester from London by train and received a warm welcome. Talks were held across 10 hours – a lot longer than expected.

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Sheikh Jassim and members of his team had been to Old Trafford as fans before, and the focus of this visit was to get a perspective on what they could do with their capital investment regarding infrastructure, youth development and the women’s team.

They had been trying to get a better understanding before they make another bid. It was too early for Sheikh Jassim to be there in person and he did not just want to go for a photo opportunity.

He sent his top team of experts in finance, banking, property and law with the Qataris totally committed and in this to buy the club.

British billionaire Sir Jim Ratcliffe is also expected to make a second offer for Manchester United next week after visiting the club on Friday.