The Glazers have reportedly accepted Sheikh Jassim's bid.
Sheikh Jassim's team are now completing their due diligence on the Old Trafford outfit before they take the club off The Glazers' hands.
The takeover update will delight Man United fans who had fears the current ownership would change their minds and cling on to a slice of the club, which Ratfcliffe was proposing.The Glazers wanted to continue holding shares but were warned by senior Man United figures that there would be fierce fan backlash, according to the report.However, in selling the Red Devils, they will make a massive profit having completed their £800 million takeover back in 2005.
The servicing of that debt has since cost United over £1 billion, and their last financial figures showed that the gross debt is £725 million. Per the report, Sheikh Jassim will wipe out that debt to save on any further fees and not take any dividend payments from the club. The Qatari's takeover plan includes upgrading the stadium and the team's training facilities not to mention investing in the squad.
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