Man Utd takeover: Qataris will not overpay as Glazers want £6bn for sale

Sheikh Jassim Bin Hamad Al Thani is ready for the Man Utd takeover for a fair price but he will not overpay.

There is a general acceptance that whoever buys United will have to overpay but that does not mean Sheikh Jassim will be reckless

Last week, his father Sheikh Hamad questioned bidding for United by saying he "doesn't like the investment".

Sheikh Jassim's indicative bid for United values the club at about £4.5bn.

The Glazer family think United is worth at least £6bn.

Sheikh Jassim shares the same investment philosophy as his father. He used to run his father's investment company and both men are described as "smart, savvy, cautious investors".

Sheikh Jassim has been offered other clubs in the past but he has only ever been interested in buying United. He is only interested in buying 100 per cent of the club. He has zero interest in a minority investment.

At least three bidders for United have been invited to Manchester for Man Utd takeover over the next fortnight for presentations, meetings and access to detailed financial information about the club.

A delegation representing Sheikh Jassim and the other leading bidder Sir Jim Ratcliffe are expected at Old Trafford next week.

Some of the bidders had been expecting to have been granted exclusivity by this stage. There are concerns Glazers are trying to use minority bidders to drive up the sale price or that they do not want to sell the club.

It's worth pointing out Qatar Sports Investments bought Paris Saint-Germain in a €70m deal in 2011 and today has offers for minority stakes which value the club at €4.2bn. QSI has invested €1.8bn in the club.

"According to the New York Stock Exchange, they think Man Utd takeover price is worth £3.5bn.

"Everybody knows that Man Utd are a trophy asset, so you have to pay a little bit more. I am sure the Qataris and Jim Ratcliffe are willing to pay a little more.

"But they aren't going to pay the Glazers crazy money for Man Utd."