Unexpected West Ham takeover
When Sheikh Jassim’s effort to buy Manchester United failed, there was a palpable sense of relief among West Ham supporters. Many speculated that he would turn his attention to buying another Premier League team.
But it’s possible that West Ham wouldn’t gain anything from this circumstance. In my opinion, Sir Jim Ratcliffe was a considerably better candidate to purchase West Ham. In that scenario, The Hammers may not be happy with the way things are going in Manchester.
Sir Jim was keen to finance a football club in the Premier League. Though he was a fan of Manchester United, he had really bid over £3 billion for Chelsea when the chance presented itself. Therefore, it was much more possible that the billionaire from the UK would focus on another team if his offer for Manchester United fell through.
Contrary to expectations, West Ham’s takeover is not imminent.
Less is known about Sheikh Jassim’s circumstances. It’s hardly a certain that he will purchase another Premier League team. It’s also important to remember that he can still buy Tottenham and Liverpool, so it’s unclear if he would go after West Ham.
drawn-out acquisition procedure
Sheikh Jassim allegedly raised his offer for Manchester United in June. Despite exceeding the club’s $3.3 billion valuation on the New York Stock Exchange, he fell short of the Glazers’ expectations. With Sheikh Jassim bin Hamad al Thani pulling out of the running for a 25 percent share in Manchester United, Sir Jim Ratcliffe is now close to completing a deal.
The offer from Sheikh Jassim, which valued United at more than £5 billion, was thought to be the only one made for full ownership of the team. Sheikh Jassim withdrew, nevertheless, since the Glazers did not agree with his assessment. Conversely, Sir Jim Ratcliffe’s plan to purchase about 25% of the team is almost finished. He is a multibillionaire petrochemicals entrepreneur and has supported the team since he was a young boy.
Ratcliffe’s ultimate goal is probably going to be to become the Manchester club’s owner in due course.
