Manchester United’s summer transfer budget would instantly increase under Sheik

0

Sheikh Jassim has promised to wipe Manchester United’s debt (Picture: Getty)

Sheikh Jassim has promised to wipe Manchester United’s debt (Picture: Getty)

Manchester United’s summer transfer budget would instantly increase by around £50million if Sheikh Jassim sees off competition from Sir Jim Ratcliffe to take control of the club.

The Glazer family are – finally – set to be closing in on a decision as to who takes over the Old Trafford giants after putting the club up for sale seven months ago.

While reports that Sheikh Jassim has had a bid accepted are said to be premature, the Qatari’s fifth bid – which came six weeks after the initial deadline – has put him back in pole position.

Ratcliffe’s over is for around 60% of the club and would see at least two of the Glazer siblings stay on as shareholders.

Under the Briton’s ownership, United’s debt would remain and be financed through more borrowing.

Sir Jim Ratcliffe (left) and Sir David Brailsford (centre) at Old Trafford, home of Manchester United. Manchester United owners, the Glazer family, announced last November they were conducting a strategic review, with the sale of United one option being considered. Qatari banker Sheikh Jassim Bin Hamad Al Thani and INEOS founder Sir Jim Ratcliffe have bid to buy United, with both parties visiting the club this week. Picture date: Friday March 17, 2023. PA Photo. See PA story SOCCER Man Utd Takeover. Photo credit should read: Peter Byrne/PA Wire.

Ratcliffe’s bid would maintain United’s debt(Credits: PA)

However, Jassim has vowed to instantly wipe the club’s debt.

United currently pay debt interest payments of around £50m-per-year.

Jassim’s ownership would instantly wipe those payments, and in doing so boost Erik ten Hag’s budget by £50m.

That would be a timely boost for the Dutchman, especially given he’s been given an initial £120m budget this summer.

Ten Hag wants to sign a centre forward, a central midfielder and a goalkeeper this summer.

Those transfers could cost around £250m and his only option at this moment in time is to raise the extra £130m needed to finance those deals is by selling players.

Harry Maguire, Anthony Martial, Anthony Elanga, Alex Telles, Dean Henderson and Eric Bailly are all available for transfer.

One of Fred or Scott McTominay will also be sold.


MORE : Ben Foster asks ex-Manchester United winger Nani to join Wrexham

For more stories like this, check our sport page.

Follow Metro Sport for the latest news on
FacebookTwitter and Instagram.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Football News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment