The Glazers, current owners of Manchester United, have given the green light for the transfer of the club to Sheik Jassim bin Hamad bin Jassim. The transfer will be made official in the next few days.

Sheikh Jassim's proposal, backed by Qatar, could eliminate all debt and includes an amount to buy the club, as well as additional capital and investment in infrastructure.

Sheikh Jassim was involved in a bidding war with British billionaire Sir Jim Ratcliffe for control of the ownership of the Premier League giants.

Last week, the chairman of Qatar Islamic Bank submitted a fifth and final offer to buy the 20-time English champions and was chosen by United's current owners, the Glazers, as their preferred bid.

Although the financial figures have not been released, the British media claim that Sheikh Jassim's final offer, presented on June 7, was five billion pounds for total control of United. The Glazer family initially valued the club at six billion pounds after it went on the market.

Ratcliffe, head of the Ineos group and a United fan since childhood, was looking to acquire around 60% from the club. His offer was accompanied by a proposal that would allow the Glazers to remain at the club for a certain period before an anticipated takeover.

The Glazers' decision, which will be announced shortly, will bring to an end one of the most protracted takeovers of a soccer club in recent times. (noam/espn/thenationalnews)