Manchester United is in talks with the Qatari sheikh to sell the club for $6 billion – Kommersant

English football club Manchester United are discussing granting exclusive rights to a consortium led by Qatari Sheikh Jasim bin Hamad Al Thani to negotiate the purchase of the club, reports Reuters with reference to sources. They clarified that the fate of the deal, which is valued at more than $6 billion, “remains uncertain.”

According to the interlocutors of the agency, the club is “more favorable” to the sheikh’s proposal than to the application of billionaire Jim Ratcliffe, who was also interested in buying. It is expected that Manchester United will not be allowed to negotiate with anyone other than the sheikh during a “period of exclusivity” (during which time the seller is prohibited from negotiating with parties other than the potential buyer). How long this period will last is unknown.

On the back of the news, Manchester United shares rose 15% to $25.53 in afternoon trading on the New York Stock Exchange. The club has not yet commented on the information about the alleged negotiations.

Jaseem bin Hamad Al Thani wants to buy Manchester United became known in February. Then the deal was estimated at €4.5 billion. In April, the sheikh offered for the team $ 6.3 billion, in June he sent $7.5 billion final bid Sky News informedthat the American investment company Carlyle is also considering the purchase of Manchester United.

Laura Keffer