Man Utd, Ultimately Sold to Qatari Capital?…Condition for 100% Stake Acquisition

Sheikh Jassim QIB Chairman Offers 5.5 Billion Pounds
Qatar Local Media "Succeeded in Acquiring Man Utd"
Stock Price Rises 3.98% Compared to Previous Trading Day on Acquisition News

Manchester United (hereinafter Man U), a prestigious club in the English Premier League, saw its stock price surge as it is expected to be acquired by Qatari capital.

On the 13th (Korean time), the British Daily Mail, citing Qatari media, reported that "Sheikh Jassim bin Hamad Al Thani of Qatar has taken the lead in the competition to acquire Man U."

Qatari local media Al-Watan stated early the previous day on social media (SNS) that "Chairman Sheikh Jassim has succeeded in acquiring Manchester United" and "the details of the deal will be announced soon."

The details such as the acquisition price and conditions have not yet been disclosed. The Glazer family, who acquired Man U in 2005, officially announced plans to sell the club last November. The Glazer family stated, "We are considering the sale of Man U while exploring strategic alternatives."

The prestigious English Premier League club Manchester United (hereinafter Man Utd) is expected to be acquired by Qatari capital, and the club's stock price has also surged.
[Photo by Yonhap News]

Following this announcement, Sheikh Jassim, chairman of Qatar QIB, and British billionaire Jim Ratcliffe expressed their intention to acquire the club. However, the acquisition process stalled. At the initial acquisition stage, the Glazer family valued the club at ?6.4 billion (approximately 10.4 trillion KRW).

In April, Jim Ratcliffe proposed to acquire only 50% of Man U's shares. It is reported that the Glazer family favored this proposal as it would allow them to maintain control over the club.

On the other hand, Sheikh Jassim offered a larger amount than Ratcliffe and sought to acquire 100% of Man U's shares. Sheikh Jassim sent his final offer on the 7th, stating that if the offer was not accepted, he would withdraw his acquisition plan.

Sheikh Jassim's offer price is reported to be ?5.5 billion. This amount would allow immediate settlement of Man U's debt of ?5.35 billion (approximately 8.7 trillion KRW) and involves acquiring 100% of Man U's shares in cash.

Meanwhile, upon hearing this news, Man U's stock price surged. On the 12th, on the New York Stock Exchange, Manchester United's stock closed at $20.13, up $0.77 (3.98%) from the previous trading day.

BBC analyzed, "The surge in Man U's stock price means that the market is betting on the Glazer family selling to Qatar's Sheikh Jassim."

This content was produced with the assistance of AI translation services.