Explained: PSG president Nasser Al-Khelaifi's role in Man United takeover bid

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Explained: PSG president Nasser Al-Khelaifi's role in Man United takeover bid

Paris Saint-Germain president Nasser Al-Khelaifi has played a significant role in talks over the purchase of Man United by a group fronted by Qatari royal Sheikh Jassim.

According to The Athletic, Sheikh Jassim’s bid team initially consulted Al-Khelaifi for advice on United’s valuation as the Glazers indicated they wanted $8billion (£6.4bn) for the club.

The report added that the PSG boss has subsequently been contacted by the Glazers in an attempt to persuade Sheikh Jassim to increase his bid.

Al-Khelaifi, acting in an advisory role for Sheikh Jassim’s bid, has met the Glazers and Raine Group, the American bank that is conducting the sale on behalf of the Florida-based family, to discuss the proposed takeover.

In the region of £5billion, this bid is for the entire club, including the shares owned by various minority shareholders, and would take United off the New York Stock Exchange and back into private ownership.

This would mean United would no longer need to file quarterly accounts and hold regular calls with investors.

AuthorToby PrinceSourceThe Athletic
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