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Rio Ferdinand: Man United takeover is imminent with Sheikh Jassim bid set to be accepted

Former Manchester United star Rio Ferdinand believes Sheikh Jassim bin Hamad al-Thani has won the battle to buy the club.

The Qatar Islamic Bank chairman has been in talks to buy the Old Trafford club from the Glazers since last November.

He has to pip fellow bidder Sir Jim Ratcliffe to Man United, and Ferdinand claims he has done so.

The ex-United defender believes a takeover is imminent, sharing what he has heard on Rio Ferdinand Presents FIVE YouTube channel.

“Man United takeover is imminent,” he said.

“We’re hearing the Qatari bid is the one which will be accepted.

“It is the one that is going to be accepted and it is the one that is going to go through”.

The Glazers want £6 billion for their club and Sheikh Jassim tabled a fifth bid last week, insisting it will be his final offer.

The summer transfer window is officially open, and the Old Trafford club need to quickly sort out their ownership issues to get a clear direction.

Man United manager Erik ten Hag wants to bolster his squad to challenge for silverware next season, but he will not be able to start splashing the cash if a takeover goes through.

Financial regulations are biting at the Red Devils, and they cannot spend more than 90% of their total income on transfers, wages and coaches and agents’ fees.

They spent more than £200 million last summer, and accounts released earlier this year revealed more than £300m outstanding in transfer fees.

As a result, their budget for this summer depends not on the takeover but more on player sales.

A takeover will come in handy, and the fans are eagerly awaiting a positive update after reports that a preferred bidder could be named this week.