I think most people accept the Glazers are ‘holding out’ for more Qatari money, and using Ratcliffe as a foil to drive up the price.
What is concerning is how the Raine Group is now being bypassed by Qatar/Glazers, as they’d likely be advising Glazers (who hired them) about the bidders and their assets. It’s concerning as it is likely the Raine Group are unsure if SJ has the money and the Glazers, wanting their quick six billion, are angry at this truth being told.
Letting the Raine Group being bypassed thus (they get commission anyway, remember) means Jassim probably doesn’t have the required money and could use future assets, after an initial payment, to purchase the club. All the ‘investment’ spiel regards the local area and training facilities is just good PR to shut locals up.