By the middle of October, SHEIKH JASSIM is anticipated to have completed his full $6 BILLION takeover of Manchester United.

The Qatari monarch was able to stave off competition from the British billionaire Sir Jim Ratcliffe, who was the other potential buyer. Ratcliffe was willing to let the Glazer family keep their interest in the Red Devils.

Sheikh Jassim is set to complete his £6billion takeover of Manchester United

It has been determined that Sir Jim Ratcliffe will not be able to purchase the club despite his efforts.Attribution: PA

A date has been tentatively set, and an announcement might be made as soon as the following month.

Sheikh Jassim’s group is currently finishing their research on the club in preparation for their takeover, which will bring an end to the hated Glazers’ reign of dominance after 18 years in power.

 

Fans of United will be overjoyed by the news that the Americans had sold their whole stake in the club, as they had been concerned that the Americans were dragging their feet and would eventually try to retain some ownership.

The Glazer family desired to maintain their shareholdings in Manchester United but was cautioned against doing so by senior leaders at Old Trafford, who anticipated a significant backlash from the club’s supporter base.

They will make a large profit despite the fact that they saddled United with significant debts when they completed their ownership of the club in 2005 for an amount equaling 800 million pounds.

Since then, United has incurred costs of over one billion pounds due to the servicing of that debt.

And their most recent financial figures revealed that the company has a gross debt of 725 million pounds, which is the highest it has been since the year 2010.

Sheikh Jassim is going to get rid of that so that he can save money on any additional fees, and he is not going to take any dividend payments from the club like the Glazers did.

In addition to maintaining his financial commitment to the team, he intends to improve both Old Trafford and the Carrington training complex that is owned by the club.

 

A difficult process that began in November of last year when the club was placed up for sale will be brought to a successful conclusion when it is taken over.

 

Mason Mount, a midfielder for United, is expected to be out for the club’s Premier League matchups with Nottingham Forest and Arsenal due to injury. This is the only bad news for United.

A “small complaint” was lodged against the summer transfer from Chelsea that cost £60 million during Saturday’s match against Tottenham, which Tottenham won 2-0.

According to a statement released by the club, it is anticipated that he will be sidelined “until the international break next month.”

After that, Manchester United will host Brighton at Old Trafford on the following Saturday, September 16, for their next match.

In the meantime, the club is conducting scouting on Fenerbahce goalkeeper Altay Bayindir, 25, in preparation for a prospective move as a back-up to new No. 1 Andre Onana, who cost the club £43.8 million.

The takeover is set to be announced by mid-OctoberCredit: Reuters