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Jim Ratcliffe 'refusing to match Sheikh Jassim promise to wipe out Manchester United debts'

:Headline: Jim Ratcliffe 'refusing to match Sheikh Jassim promise to wipe out Manchester United debts':
Jim Ratcliffe refuses to match Sheikh Jassim bin Hamad Al Thani's promise to clear Manchester United's debts, according to a report.
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British billionaire Jim Ratcliffe is reportedly refusing to match Sheikh Jassim bin Hamad Al Thani's promise to clear Manchester United's debts.

Both Ratcliffe and Sheikh Jassim have made offers for the 20-time English champions, with the Glazer family signalling last November that they are open to a sale.

The bids from the two parties are thought to be in the region of £4.5bn, which is £1.5bn short of the asking price set by the Glazers, who could yet decide to pull the plug on a potential sale.

According to The Athletic, while Sheikh Jassim has made it clear that he will clear Man United's debts - believed to be around £1bn - if he becomes the club's new owner, Ratcliffe is not prepared to do the same.

The report claims that Sheikh Jassim is therefore at an advantage when it comes to the race to acquire the 20-time English champions.

Man United's prospective new owners will allegedly meet with the club over the next two weeks to discuss a takeover.

"The bid plans to return the Club to its former glories both on and off the pitch, and – above all – will seek to place the fans at the heart of Manchester United Football Club once more," read the statement from Sheikh Jassim's consortium when the offer was confirmed.

"The bid will be completely debt free via Sheikh Jassim's Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the Club supports.

"The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world. More details of the bid will be released, when appropriate, if and when the bid process develops."

Any sale is now allegedly unlikely to be completed before May at the earliest, but the club's proposed new owners would want to put a plan in place for the summer transfer window.

Co-owners Avram Glazer and Joel Glazer are said to be unprepared to drop their £6bn asking price.

Meanwhile, it has also been claimed that the duo are now in favour of keeping hold of the club, with Erik ten Hag leading the Red Devils to their first trophy in six years last weekend, beating Newcastle United 2-0 in the final of the EFL Cup.

Man United are also still in the Europa League and FA Cup, while they are third in the Premier League table, four points clear of fourth-placed Tottenham Hotspur with a game in hand. body check tags ::

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool19144147192846
2Arsenal20117239182140
3Nottingham ForestNott'm Forest20124429191040
4Chelsea20106439241536
5Newcastle UnitedNewcastle20105534221235
6Manchester CityMan City2010463627934
7Bournemouth209653023733
8Aston Villa209563032-232
9Fulham207943027330
10Brighton & Hove AlbionBrighton2061043029128
11Brentford208393835327
12Tottenham HotspurSpurs20731042301224
13Manchester UnitedMan Utd206592328-523
14West Ham UnitedWest Ham206592439-1523
15Crystal Palace204972128-721
16Everton193881525-1017
17Wolverhampton WanderersWolves2044123145-1416
18Ipswich TownIpswich2037102035-1516
19Leicester CityLeicester2035122344-2114
20Southampton2013161244-326
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