Qatari royal Sheikh Jassim bin Hamad Al Thani may be overpaying by up to $3.16 billion for Manchester United if his proposed takeover is finalized. The Qatari banker is the favorite bidder, with the main rival offer reportedly "dead in the water." Manchester United is worth between $3.8 billion and $4.3 billion, but Sheikh Jassim is offering $6.95 million debt-free. The sale has been delayed due to disagreements within the Glazer family, with some favoring a partial takeover by British billionaire Jim Ratcliffe. If successful, Sheikh Jassim's bid would increase Middle Eastern ownership in soccer.

The post Qatari royal could be overpaying by $3.16 billion for Manchester United appeared first on Balanced News Summary.