Sheikh Jassim submits second bid for Man Utd takeover following Sir Jim Ratcliffe’s bid update

In a bid to purchase Manchester United, Ineos owner Sir Jim Ratcliffe and Qatari banker Sheikh Jassim have submitted a revised offer. Finnish entrepreneur Thomas Zilliacus also expressed interest, proposing a unique approach that involves fans taking part in club decision-making. The current market value of the club is just under $3.9bn (£3.17bn), and the Glazer family who purchased Manchester United for £790m is considering selling the club for £5-6bn. Zilliacus plans to finance half of the amount needed to take over the club and involve fans in the other half through a new company. By using an app, fans can participate and cast their vote when deciding on footballing matters relating to the club. The investment firm owned by Zilliacus’ holding company, XXI Century Capital, would make the official offer.

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