Glazers Could Sell Man United Soccer

[Welshy]

Sheikh Jassim Bin Hamad Al Thani has submitted an increased fourth bid to buy Manchester United.

Sheikh Jassim's renewed offer, believed to be close to £5bn but shy of the Glazer family's £6bn valuation, was submitted to the Raine Group, the New York-based investment bank overseeing the sale of the club, on Tuesday morning.

The third and final round of bidding concluded on April 28 but, with reports last week claiming a revised offer from Sir Jim Ratcliffe and INEOS had put them in pole position to acquire United, Sheikh Jassim has moved again.

 

[Best]

Reports suggest that directors of Manchester United's holding company met on Thursday to discuss the progress of its £5bn-plus auction.

A source close to the auction said the directors did not opt to enter into exclusive negotiations with either Ineos Sports or its principal rival, the Qatari businessman Sheikh Jassim bin Hamad al-Thani.

The source said that Ineos remained the "leading" bidder despite a further, improved offer from the Nine Two Foundation - Sheikh Jassim's bid vehicle - earlier this month.

Nevertheless, a further proposal remains possible, with a signed deal with either bidder said to be unlikely prior to United's FA Cup Final against local rivals Manchester City next weekend.

 

[Crabtree]

Sheikh Jassim has submitted a fifth bid to buy 100% of Manchester United

There will be no further bids from the Qatari group after Friday

 

[John Steed]

Sheikh Jassim still wants to buy Manchester United and his £5 billion bid for the club remains on the table.

But sources close to the Qatari bid believe the process has stalled amid concerns that the Glazer family are not sure they want to sell the club.

 

[Legion]

Qatari businessman Sheikh Jassim bin Hamad al Thani has withdrawn from the process to buy Manchester United, according to reports.

 

[Ghost]

Manchester United's board is set to vote on selling a minority stake in the club to British billionaire Sir Jim Ratcliffe after Sheikh Jassim's Qatari group claimed to have withdrawn from the race.⁠

This mess will roll on and on.

 

[Black Sheep]

Manchester United have announced they have agreed a deal for British billionaire Sir Jim Ratcliffe to purchase a 25% stake in the club.⁠

The deal will see Ratcliffe's INEOS take control of the football operations at United. A club statement said: "This will include all aspects of the men's and women's football operations and academies, alongside two seats on the Manchester United PLC board and the Manchester United Football Club boards".

INEOS CEO Jean-Claude Blanc and Sir David Brailsford, the former British Cycling executive who is now INEOS' director of sport, will join United's board.

As reported in November, Ratcliffe will provide $300million (£245m) of his personal wealth for what a United statement says will be "future investment" at the club. This investment is in addition to Ratcliffe's 25 per cent stake. This $300m is essentially a down payment on infrastructure upgrades, with INEOS eager to start a process on how United's Old Trafford stadium can be redeveloped, as well as a demonstration of additional funds to be spent on facilities.

 

[Ghost]

Sir Jim Ratcliffe's purchase of a 27.7% stake in Manchester United has officially been completed to enable his INEOS company control of football operations at the club.

The £1.25bn deal has finally been rubber-stamped after obtaining approval last week from the Football Association and the Premier League following the completion of the owners' and directors' test.

 

[David76]

Sir Jim Ratcliffe's purchase of a 27.7% stake in Manchester United has officially been completed to enable his INEOS company control of football operations at the club.

The £1.25bn deal has finally been rubber-stamped after obtaining approval last week from the Football Association and the Premier League following the completion of the owners' and directors' test.

The Age of INEOS has begun - it will be interesting to see how things play out both on and off the field.