- 1 Who want to buy Manchester United now
- 2 Will Zara buy Manchester United
- 3 Who will win to buy Manchester United
- 4 Who is the owner of Zara
- 5 How much is Manchester United worth
- 6 How much will Man United sell for
- 7 Have Glazers spent any money
Who want to buy Manchester United now
Manchester United takeover: Sheikh Jassim still wants to buy club despite long sale process
- Sheikh Jassim bin Hamad al Thani and Sir Jim Ratcliffe still want to buy Manchester United despite the sale process dragging on for 10 months as well as on and off-field problems at the club.
- The Qatari banker Sheikh Jassim and British industrialist Ratcliffe have made bids which value United at about £5bn, but the Glazers have been holding out for higher offers.
- One source has said: “The longer they demand more money, the more the very asset they are trying to sell is being devalued.”
The Glazers announced a strategic review in November last year which they said could lead to a sale. United chief executive Richard Arnold confirmed on Monday in a staff meeting that the process was ongoing. Please use Chrome browser for a more accessible video player Sky Sports News’ Kaveh Solhekol has the latest news on the potential sale of Manchester United amidst reports that the Glazer family do not want to sell
Who will be Manchester United new owner?
Man Utd have a new Qatari owner! Sheikh Jassim reportedly set to complete £6bn takeover of club as Sir Jim Ratcliffe misses out | Goal.com Sheikh Jassim has reportedly won the race to takeover at Manchester United ahead of Sir Jim Ratcliffe.
Takeover has been slow processSheikh Jassim now set to complete purchaseGlazers will not retain any stake in United
WHAT HAPPENED? The saga has since the club was first put up for sale back in November. However, according to, the Qatari royal is poised to purchase the Red Devils for around £6 billion ($7.9bn). The report claims a date has been set for Jassim to take control, with the not being permitted to retain a stake in the club.
- THE BIGGER PICTURE: Ratcliffe, a British billionaire, had been the Qatari bid’s main rival, though it’s believed that his proposal would have included the Glazers continuing to have shares in the club.
- AND WHAT’S MORE: Instead, Jassim will be completing a full takeover of United.
- It is said that he intends to invest in the club’s stadium and infrastructure, while continuing to improve the first-team playing squads.
IN THREE PHOTOS: Qib.com.qa Getty Getty WHAT NEXT? An announcement of the takeover could be made as early as next month as United enter what they hope will be a successful new era. 233068 Votes Results will be shared soon.
48% Manchester City 16% Arsenal 13% Manchester United 13% Liverpool 5% Chelsea 6% Other
233068 Votes : Man Utd have a new Qatari owner! Sheikh Jassim reportedly set to complete £6bn takeover of club as Sir Jim Ratcliffe misses out | Goal.com
Will Zara buy Manchester United
No, the founder of Zara is not going to buy Manchester United Analysis Educational exposure of ideas, assumptions or hypotheses, based on proven facts” (which need not be strictly current affairs) Value in judgments are excluded, and the text comes close to an opinion article, without judging or making forecasts, just formulating hypotheses, giving motivated explanations and bringing together a variety of data Unfounded rumors circulated online on Thursday regarding the sale of Manchester United to Amancio Ortega. OLI SCARFF (AFP) Just a decade ago (or two at the most), an event only became news if it was endorsed by a traditional news organization, say CNN, ABC, the BBC or Reuters in the English-speaking world.
- But times change.
- Impulsive online clicks have replaced cash payments for the paper at the local newsstand.
- And social media does the rest free of charge, which means that all excesses are tolerated.
- Judging by the number of website clicks and likes on Twitter and Instagram, on Thursday it certainly looked like Manchester United was about to be acquired by Spain’s Amancio Ortega, founder of the Inditex group (which includes the fashion brand Zara) and,
It was fake news. There is no such interest and never was, as Inditex sources later confirmed. It is even questionable whether the founder of Inditex is even a fan of soccer in the first place. Despite his billionaire status, Ortega, 86, is more readily associated with games of domino played in humble taverns with local residents in Sanxenxo, in his native northwestern Spanish region of Galicia.
The “story” was broken on Thursday afternoon by the Manchester Evening News on its website, which ran the following headline: “Zara founder Amancio Ortega registers interest in buying Manchester United.” The story went on to claim that “it is understood he has informed senior executives of his interest in United.” The article did not cite any sources to back up such an exclusive.
And so a local news outlet with a modest circulation triggered a bombshell in just two lines – the rest of the article was background information on Ortega easily available on Wikipedia. But none of this matters. In the online world, the news is part of the metaverse, and that in itself is enough justification, regardless of whether the content has a factual basis or is pure fiction.
- The “exclusive” was quickly picked up by the British tabloids – which have millions of readers – and from there, it found an echo in Spain’s four most important sports publications: Marca, As, Mundo Deportivo and Sport, as well as general news outlets.
- The subsequent denial by spokespeople for Inditex and Amancio Ortega became another news story in itself.
This is how things are in the online universe, where the pretense of depicting reality is a mere excuse to rob the reader’s trust. The reason behind this incident is simple: opportunity. Manchester United is England’s most prestigious club, but it has been in decline ever since the veteran Alex Ferguson left management in 2013 after almost 30 years at the helm.
Who will win to buy Manchester United
Al-Watan said Sheikh Jassim’s takeover bid has been a ‘success’ and that an official announcement is imminent – Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a Qatari report. PA Powered by automated translation Qatar’s Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a report on a Qatari news site.
- Sheikh Jassim had been locked in a bidding war with British billionaire Sir Jim Ratcliffe for control of ownership of the Premier League giants.
- The chairman of Qatar Islamic Bank last week submitted a fifth and final offer to buy the 20-time English champions and, according to Al-Watan newspaper, has been chosen by United’s current owners the Glazers as their preferred bid.
Al-Watan posted on Twitter on Monday night that Sheikh Jassim’s takeover bid has been a “success” and that an official announcement was imminent. While the financials have not been disclosed, UK media reports say Sheikh Jassim’s final bid submitted on June 7 was £5 billion for total control of United.
- The offer includes clearing a £1 billion debt and a fund solely for the club and surrounding community, according to an earlier report in The Guardian newspaper.
- Ratcliffe, the chief of Ineos group and a boyhood United fan, had wanted to purchase around 60 per cent of the club.
- His offer comes with a proposal that would allow the Glazers to remain for a set time period ahead of a sourced buyout.
The Glazer family originally valued the club at £6 billion after it went on the market. Al-Watan’s report that a decision by the Glazers will be announced soon will bring to a close one of the most protracted takeovers of a football club in recent times.
The US-based Glazer family are deeply unpopular among the United fan base and had announced in November that the board was exploring strategic alternatives for the future, with a full sale one option being considered. Manchester United fans had been hoping for a quick resolution of the club’s ownership as the team seem to have turned a corner this season,
Under new manager Erik ten Hag, United won the League Cup, their first trophy in six years, finished third in the Premier League and narrowly lost out to Manchester City in this month’s FA Cup final,
How rich is Sheik Jassim?
What is Sheikh Jassim’s net worth? – Again, this is not an easy question to answer. According to Forbes, his father is worth $1.2 billion, but the collective wealth of the family is somewhere closer to $275bn. Sheikh Jassim’s personal wealth is estimated to be around $1.5bn. QIB, the bank he chairs, reported more than $620 million in net income for the first quarter of 2023.
Who Manchester United have signed?
Skip to Main NavigationSkip to content Tuesday 05 September 2023 06:59 This is the place for you to keep track of Manchester United’s transfer business during the summer window of 2023. Our first signing of the transfer window was confirmed on 5 July, when England international Mason Mount officially put pen-to-paper after sealing his move from Chelsea.
Goalkeeper Andre Onana joined from Internazionale on 20 July, after being the club’s top choice to replace David De Gea. Denmark striker Rasmus Hojlund was presented to the crowd at Old Trafford on 5 August, minutes before the Reds played Lens in the team’s penultimate pre-season friendly. On transfer deadline day, 1 September, Turkey international goalkeeper Altay Bayindir arrived from Fenerbahce on a contract running until June 2027, with the option of a further year.
Spanish defender Sergio Reguilon then followed through the door, signing on a season-long loan deal from fellow Premier League club Tottenham Hotspur. Jonny Evans initially agreed a short-term deal after training with the club, ahead of Tour 2023, before penning a one-year deal with the Reds as our third act of business on the final day of the window.
The fourth and final signing on deadline day was Sofyan Amrabat, The Morocco midfielder arrived on loan from Fiorentina, subject to international clearance and registration requirements. A number of players have departed the club, including David De Gea, who is set to embark on a new chapter elsewhere following a legendary 12-year career with the Reds.
After five years at the club, popular midfielder Fred left for Fenerbahce. He could face a former team-mate there, as Eric Bailly joined Besiktas a few days after transfer deadline day in England, with the Turkish window remaining open until 15 September.
Alex Telles finalised a permanent switch to Al-Nassr, soon after Charlie Savage joined Reading. A move was agreed for Anthony Elanga to transfer to Nottingham Forest in the same week that Will Fish returned to Hibernian, for a second successive season on loan with the Scottish outfit. Zidane Iqbal and Bjorn Hardley completed permanent moves to Utrecht in the Netherlands, while Ethan Laird has signed for Birmingham City and Ethan Galbraith has been snapped up by Leyton Orient.
Di’Shon Bernard signed for Sheffield Wednesday, with Nathan Bishop agreeing to join another Championship side in Sunderland. Academy forward Manni Norkett has joined Nottingham Forest, while Czech goalkeepers Matej Kovar and Ondrej Mastny have moved to Bayer Leverkusen and FC Vysocina Jihlava respectively.
Two moves were announced on 24 August as Brandon Williams was loaned to Ipswich Town and Noam Emeran departed for Groningen. One week later, on the eve of the summer transfer deadline, Dean Henderson and Teden Mengi both completed permanent departures to Premier League clubs in Crystal Palace and Luton Town respectively.
Marc Jurado exited the club on deadline day, signing for La Liga outfit Espanyol and thus ended his three-year association with the Reds. Young striker Charlie McNeill will spend the rest of the 2023/24 campaign on loan at League One side Stevenage. Academy defender Logan Pye also departed, joining Burnley on a permanent deal. Tuesday 05 September 2023 06:59 Back to Top
Who will buy Old Trafford?
Is Sir Jim Ratcliffe buying Manchester United? –
If Manchester United are to get a new owner, Sir Jim Ratcliffe has long seemed the most likely person to takeover. On January 17, 2023, Ratcliffe’s firm Ineos officially declared an interest in buying Manchester United.
With the Glazer family looking to sell, Ineos said the company had “formally put ourselves into the process.”
He backed up his interest with an official statement on February 18, confirming a bid had been submitted. Official: INEOS confirm bid submitted for Man Utd 🚨🔴 #MUFC
“Sir Jim Ratcliffe-INEOS made a bid for majority ownership of Manchester United.
“We see role as long-term custodians of Man Utd — invest to make it the number one club in the world again & win the Chanpions League”. pic.twitter.com/0pa0l6y5xE
— Fabrizio Romano (@FabrizioRomano) February 18, 2023
Ratcliffe, who lodged an unsuccessful £4.25bn offer to buy Chelsea last year, is currently ranked the 27th wealthiest person in the UK on the Sunday Times Rich List.
The 69-year-old was born in the Greater Manchester region, in Oldham, and grew up supporting the club. Ratcliffe founded chemicals company Ineos in 1998 and this has allowed him to build an estimated net worth of £12 billion ($14.4m). He has previously declared his interest in buying Manchester United should the opportunity arise and his recent late bid for Chelsea shows he’s ready to pounce.
Outside of football, Ratcliffe also purchased the Team Sky cycling franchise in 2019 which was rebranded to Ineos Grenadiers, while Ineos have sponsorship deals with Mercedes AMG F1 and the All Blacks. “We made some mistakes at Lausanne, but we are fast learners, these have been rectified and we are already seeing the benefits,” Ratcliffe said after completing a deal to buy Nice in 2019.
Clubs need to be successful off the pitch, as well as on it, and Nice will be no different. “We have looked at a lot of clubs in the manner we look at businesses in Ineos — for value and potential — and Nice fulfils that criteria.”
Ratcliffe and his team visited Old Trafford on March 17 to negotiate with United CEO Richard Arnold, ahead of what the Brit hopes will be a successful takeover bid.
NEW | 1st pictures of British billionaire Sir Jim Ratcliffe arrives at Old Trafford with Ineos delegation to be met by Manchester United chief exec Richard Arnold for talks over potential takeover #ManUtd #ineos ⬇️ pic.twitter.com/XzxYFobbWJ
— Dan Roan (@danroan) March 17, 2023
Who is the Arab to buy Manchester United?
Qatar’s Sheikh Jassim submits final bid for Manchester United Doha, Qatar – Qatari businessman Sheikh Jassim bin Hamad Al Thani has submitted his third and final bid to buy Manchester United football club, his representatives told Al Jazeera. Jassim’s bid was submitted before the Friday night (21:00 GMT) deadline set by the club’s current owners, the Glazer family of the United States.
- “We can confirm that Sheikh Jassim has submitted his final bid for MUFC,” his representatives told Al Jazeera on Saturday.
- is the chairman of a leading Qatari bank and son of a former Qatari prime minister.
- The lifelong United fan’s “debt-free bid”, which was first submitted in February, seeks full ownership of the club.
- His representatives said that in addition to offering an undisclosed figure to buy the club – money that would go to the sellers – Jassim’s proposal also includes “a plan to invest a further significant amount of additional capital and infrastructure investment into the club directly “.
- British billionaire Jim Ratcliffe was the only party to submit a bid before Friday’s deadline, according to a report by British state broadcaster BBC.
- Ratcliffe, founder and head of the INEOS chemicals conglomerate, is reportedly seeking 69 percent ownership of the club, the same percentage owned by the Glazers.
- The Qatari businessman’s bid was submitted through his Nine Two Foundation and promised a rosy future for the club if he were to be successful, including “investment in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the club supports”.
- By proposing to take over, Jassim “plans to return the club to its former glories both on and off the pitch”.
Manchester United fans display anti-Glazer banners in the crowd at Old Trafford, Manchester
Who is the owner of Zara
Real Time Net Worth Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world. A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d.2013) in 1975.
Who wants to buy Manchester United 2023?
Man Utd bidders in profile – A look at the publicly-known bidders for Manchester United. Sheikh Jassim Bin Hamad Al Thani The Qatari sheikh is the chairman of Qatar Islamic Bank, one of his country’s biggest banks. His father Hamad Bin Jassim Bin Jaber Al Thani is a former prime minister of the Middle East state.
There is relatively little information about him in the public domain, but it is known he attended boarding school in the UK and went on to the Royal Military Academy at Sandhurst, during which time he apparently fell in love with United. Amid potential controversy about state ownership of clubs, Sheikh Jassim was clear when announcing his bid that his interest was a private initiative through his Nine Two Foundation.
He hopes to take 100 per cent control of the club and has vowed, if he does so, to wipe all debts and invest considerably in the club and its infrastructure and support local communities. Image: Sheikh Jassim Bin Hamad J.J. Al Thani has bid to take over Manchester United Sir Jim Ratcliffe The 70-year-old Manchester-born businessman is one of the richest people in Britain, with an estimated personal wealth of approximately £6bn. A boyhood United fan who grew up on a council estate, he founded the chemicals firm INEOS in 1998 and oversaw its growth to become a company now worth an estimated £50bn. Image: Jim Ratcliffe, Manchester United Elliott Management Elliott Management is a US-based hedge fund that has submitted a bid for a minor stake in Manchester United. The firm previously owned AC Milan but made a significant profit by selling the club to RedBird Capital for €1.2bn in August 2022.
Elliott took control of AC Milan in 2018 when Chinese businessman Li Yonghong defaulted on a £300m-plus debt to the hedge fund. The firm’s London-based managing partner Gordon Singer remains on the board at the Italian club having retained a minor financial interest. Figures from Elliott, who initially indicated they would help fund a potential bidder, received a tour of Old Trafford and Carrington.
The firm’s continued involvement in the process has led to suggestions the Glazers are looking to stay at United, with their money potentially being used to redevelop the club’s stadium and facilities.
Who is qatar group to buy Manchester United?
A member of Qatar’s royal family, Sheikh Jassim Bin Hamad J.J. Al Thani, is offering to buy Manchester United outright for about £5 billion ($6 billion).
Who will sponsor Manchester United?
Man United announce U.S. tech brand as new shirt sponsor – ESPN play Why Manchester United have seen their stock drop (2:26) Mark Ogden details Manchester United’s stock dropping, amid reports that the Glazer family has shelved plans to sell the club. (2:26) Sep 13, 2023, 10:29 AM have agreed a deal with U.S. technology company Qualcomm that will see its Snapdragon brand replace the TeamViewer logo as their shirt sponsor from next season, the Premier League club said.
- The club did not reveal the financial details of the deal but a source has told ESPN the deal is worth £60 million ($75m) per year.
- United signed a five-year deal with German tech firm TeamViewer in 2021 to be their principal shirt sponsor, replacing Chevrolet.
- However, United said in December that they had reached a “mutually-beneficial agreement” with TeamViewer giving the club the option of buying back the rights to its shirt front sponsorship.
- It added that it would undertake a focused sales process in a “normalised market,” having agreed the TeamViewer deal at the height of the COVID-19 pandemic.
“Manchester United has agreed to an expanded strategic collaboration with Qualcomm Technologies, Inc., that will see the Snapdragon brand displayed on the front of the club’s famous shirt,” United said in a statement on Tuesday.
- “Qualcomm Technologies is already a global partner of Manchester United, promoting its Snapdragon brand.
- “Under the expanded agreement, Snapdragon will become Manchester United’s front-of-shirt partner from the start of the 2024-25 season, featuring on the home, away and third kits of the men’s and women’s teams.”
- United signed a £900m deal with Adidas in July, renewing their partnership with its official kit supplier for 10 more years.
- Information from ESPN’s Rob Dawson contributed to this report.
: Man United announce U.S. tech brand as new shirt sponsor – ESPN
How much is Manchester United worth
Real Madrid lifted the Copa del Rey title this season but are in a race to finish second in LaLiga. Antonio Villalba/Real Madrid via Getty Images
Jun 1, 2023, 05:08 AM ET Real Madrid were the world’s most valuable club in 2022 with a worth of $6.07 billion (£4.9bn), according to Forbes. For a second straight year, the Spanish giants topped the 30-club list compiled by the American business magazine, with Manchester United second, valued at $6bn (£4.8bn).
Stream on ESPN+: LaLiga, Bundesliga, more (U.S.) LaLiga champions Barcelona, who ranked first in 2021, are third with a valuation of $5.51bn (£4.4bn). This year’s list marks the first time that two clubs have reached the $6bn mark. Madrid increased their value in the past year by 19%, while United climbed 30%.
“The Spanish side has made it to five of the last nine lucrative Champions League finals, winning all of them,” Forbes said. “Real Madrid has also secured nearly $400 million from Sixth Street and Legends as part of a 20-year deal to enhance revenue at its Santiago Bernabeu Stadium, which has been undergoing a massive renovation that is expected to be completed next year.” Madrid and United are the only two clubs to have ranked in the top five each year since 2004, when Forbes began publishing annual valuations of football clubs.
How much will Man United sell for
Manchester United is for sale, who could buy the world-famous club? The owners of are more than simply the custodians of a soccer club. For, with its long history of accumulating trophies, rebuilding the team after the 1958 Munich air disaster and self-proclaimed 1.1 billion fans worldwide, Manchester United is “arguably Britain’s most valuable sporting, perhaps even cultural, asset,” as Simon Chadwick, professor of sport and geopolitical economy at SKEMA Business School, tells CNN Sport.
- So, what will happen to the world-famous club in the coming weeks, why is its potential sale so important, and could the Glazers, after all this, remain its owners?
- Despite all the rumors circulating, there are currently only two confirmed bidders for the club: British billionaire Jim Ratcliffe and Qatari Sheikh Jassim Bin Hamad Al Thani.
- Both confirmed their intent publicly, prompted by a soft deadline on February 17 set by the bank handling the sale, the Raine Group, according to multiple reports.
- Parties from Saudi Arabia have also reportedly entered the race to own the club, while the US-based hedge funds Elliott Investment Management and Ares Management Corp have submitted their own proposals to offer financing for a bid, the Telegraph and Reuters reported respectively.
- And the Glazers themselves, deeply unpopular with United fans since their leveraged buyout of the club saddled it with a net debt of $626 million according to the club’s latest accounts, remain in control of the whole process.
- For years, fans have protested against the Glazer family, staging marches on Old Trafford, and plastering “Love United, Hate Glazer” on banners at home and away matches.
- “The relationship between the fans and the Glazer family is irreparably harmed,” Alex – a United fan and co-host of the “American Red Devils” podcast – tells CNN Sport.
- Another fan, Ed Barker who hosts the podcast “No Question about That,” describes the Glazer ownership as a “disaster for the club.”
- Manchester United did not comment on the Glazers’ ownership and directed CNN to its November statement announcing the club’s “strategic review” and potential sale.
- Sheikh Jassim, the chairman of Qatar Islamic Bank (QIB), officially made a bid for “100% of” Manchester United on February 17, seeking to “return the club to its former glories,” his statement read.
- “The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the club supports,” the statement continued, adding that more details of the bid would be released when appropriate if the process develops.
- Sheikh Jassim is the son of Qatar’s former Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani, and, reportedly, is a lifelong Manchester United fan.
- His bid, soccer finance expert Kieran Maguire tells CNN Sport, would “effectively take the club private again,” eliminating all the debt, and buying out “not just the Glazer family, but everybody else that owns shares in Manchester United as well.”
- CNN reached out to the club and the Raine Group for comment but did not immediately hear back.
- Several fan groups, as well as the human rights organization FairSquare, have raised concerns about Sheikh Jassim’s bid.
- As a member of the Qatari royal family, Sheikh Jassim’s ties to the country’s government have been scrutinized since he announced his bid.
- The way Chadwick would characterize Sheikh Jassim is that he’s “far away enough to not be considered part of the state apparatus but still close because there are only 3,000 royal family members in Qatar and he will have a position in the hierarchy.”
- Sheikh Jassim’s ties with, or independence from, the Qatari state have major implications for his bid – both in terms of his association with the government’s much maligned human rights record and the fair play regulations of the Union of European Football Associations, the sport’s governing body in Europe.
- “To ensure the integrity” of UEFA competitions, including the Champions League, UEFA rules stipulate that no “individual or legal entity may have control or influence over more than one club” participating in the competition.
- which regularly competes in the Champions League alongside United, is owned by Qatar Sports Investment (QSi), the country’s sovereign wealth fund.
Sheikh Jassim said in his statement that he is funding the sale through his own foundation, an organization without any digital footprint. Meanwhile, the bank he chairs, QIB, is a separate entity to QSi although there are some links between the two organizations.
- As of March 2022, the Qatar Holding LLC, the investment arm of Qatar Investment Authority (QIA) was the single largest shareholder of QIB, owning 16.7% of the bank, while Nasser Al-Khelaifi, president of PSG, is a board member at QIA.
- Qatar’s human rights record, particularly its stance towards migrant workers and LGBTQ+ rights, was criticized from the time it was awarded last year’s World Cup.
Same-sex relations are illegal in Qatar and punishable by up to seven years in prison. A report from Human Rights Watch, published in October 2022, documented cases as recently as last September of Qatari security forces arbitrarily arresting LGBTQ+ people and subjecting them to “ill-treatment in detention.”
- “I think there’s almost entirely negative aspects to a state bid,” Barker told CNN Sport, while stressing that his perspective isn’t representative of every fan.
- “I don’t think that’s good for football and I don’t think for United.”
- The Rainbow Devils, Manchester United’s official LGBTQ+ Supporters Club, tweeted on February 17 that it had “deep concern over some of the bids that are being made,” and believed “any bidder seeking to buy Manchester United must commit to making football a sport for everyone, including LGBTQ+ supporters, players and staff.”
- Born near the city and a self-declared Manchester United fan, Jim Ratcliffe first expressed interest in buying the club back in August, before it was even for sale.
- He confirmed that he and his company had submitted a bid “for majority ownership” in a statement sent to CNN on February 18.
- “We would see our role as the long-term custodians of Manchester United,” the statement read, emphasizing the bid’s “modern, progressive, fan-centred approach.”
- “We want a Manchester United anchored in its proud history and roots in the North-West of England, putting the Manchester back into Manchester United and clearly focusing on winning the Champions League,” it added.
- Ratcliffe’s bid for “majority ownership” would buy out the Glazers and, Maguire predicts, require borrowing money to acquire the club.
- Ratcliffe is a majority shareholder of chemical group INEOS which already owns the French soccer club Nice, Swiss club Lausanne-Sport, the Ineos Grenadiers cycling team and is a principal partner of the Mercedes F1 team.
- His bid is also not without controversy for, like Sheikh Jassim’s bid, it raises questions about the principle of multi-club ownership, given that his company already owns two soccer teams, although they play in different domestic leagues than United and are less likely than PSG to qualify for the Champions League.
- Meanwhile, a Greenpeace UK spokesperson told CNN, “It’s worrying that the Man Utd bidding process has turned into a dirty derby between entities linked to fossil fuels,” referencing Ineos’ production of “plastic, chemicals and fossil fuels,” as well as the QIB’s revenues from oil and gas.
“Kicked out of museums and art galleries, oil and gas is now invading the world of sport desperately looking for popular brands behind which to hide its climate-wrecking business,” the spokesperson added. “Whichever way this derby goes, the winner won’t be the climate.”
- When asked for comment, Ineos directed CNN towards its multi-billion dollar investments in carbon capture, carbon storage and green hydrogen, as well as its plans to achieve net-zero emissions by 2050.
- “That matters to a probably a small group of fans, but some who are informed about what the company is,” Barker says.
- As well as these two confirmed bids, there are other parties rumored to be interested in buying the club.
- The US-based hedge fund Elliott Investment Management is planning to offer financing for a bid to take over the club, though it has ruled itself out of a full takeover, Reuters reported citing sources close to the matter.
- Elliott Investment Management declined to comment when contacted by CNN.
Meanwhile, Ares Management Corp – who pursue investment activities in leveraged loans, private debts and other types of investments – also offered funds to support a takeover, according to Reuters citing three sources familiar with the matter. It added that one bidder turned down Ares’ funding because the terms were unattractive.
Ares declined to comment when contacted by CNN. Multiple private groups in Saudi Arabia also submitted their own bids for Manchester United, the Telegraph reported last month. Although Forbes valued the club at $4.6 billion, the world’s third most valuable professional soccer team, multiple reports have said that the Glazer family are seeking between $7.2 to $9.6 billion from potential buyers.
Maguire estimates the current offers to be “somewhere in the region of $4.8 to $6.04 billion.” Premier League club Chelsea was bought for $3.02 billion by an ownership group led by Todd Boehly last year, with a promise to inject $2.1 billion in further investment. “Manchester United is a much bigger football club than Chelsea,” Maguire adds. “It’s got a bigger ground. It’s got a bigger fan base. It’s a much more well-known brand.” Offers in this region could eclipse the $4.65 billion that a consortium headed by Walmart heir Rob Walton reportedly paid for the NFL’s Denver Broncos – a record price tag for a North American sports franchise, according to ESPN.
Like Chelsea, United is also in need of investment to redevelop its stadium Old Trafford and training ground. The coming months are bound to be uncertain for Manchester United fans, as the Glazers consider the bids proposed and whether to sell the club. “It’s a bit like putting up your house for sale and you give a rough guide price,” Maguire explains.
“The Glazers are looking for $7.2 to $9.6 billion. It’s probably not worth that and it comes down to how much each party is willing to compromise or to pay in terms of extra financial commitments.” Although the British government released a white paper in February, announcing its intention to create an independent football regulator that would include “new tests for owners and directors,” it has not yet been implemented.
These proposed tests would examine a potential owner’s integrity, financial soundness and conduct due diligence on their sources of wealth. The regulator would also require clubs to declare their “ultimate beneficial owner” to increase transparency and determine whether a prospective owner or director is politically exposed.
But, given the absence of any reference to human rights concerns, it seems unlikely that the future regulator could seriously derail any of the United takeover bids. Bidders are reportedly meeting with representatives from the Raine Group and the club in the next couple of weeks, while Ratcliffe was pictured visiting Old Trafford on March 17.
- “The longer it drags on into the summer,” Barker says with one eye on the summer transfer window, “the more likely it is that United won’t be able to do the kind of business that the club wants.
- “There’s no positive outcome delaying this process for the club.”
- Redeveloping the stadium and training ground, signing new players and investing in the team, as well as the more intangible political stakes, all hinge on these upcoming negotiations.
- But whoever eventually ends this process owning the storied club will represent “a hard bargain for United fans to make,” Alex – host of the “American Red Devils” podcast – says.
“It’s important to separate an owner from the club and everything it represents,” he adds. “I really believe that if you own Manchester United, your role is to be a custodian, because it’s not just a sports team, it represents so much to so many people.” : Manchester United is for sale, who could buy the world-famous club?
Have Glazers spent any money
Poor spending – United’s recruitment strategy has been heavily scrutinised too as they have often invested in players without seeing much of a financial return. Under the Glazers, they have spent over £2billion on players and have only recovered around a quarter of that from sales. High-profile deals for the likes of Paul Pogba and Angel Di Maria are just some of the deals that didn’t work out.
Who is the only billionaire in Qatar?
Skip to content World,s Richest Arabs 2023 Waqar Mughal 2023-04-16T18:43:26+00:00 World’s Richest Arabs 2023 T he last year has proven challenging for the world’s richest people. The Forbes World’s Billionaires 2023 ranking features 2,640 people, down from 2,668 in 2022. Collectively, billionaires are now worth $12.2 trillion—$500 billion less than in March last year—and nearly half are poorer than they were in 2022.
This is also reflected in the Middle East, with nine of the 21 Arab billionaires worth less now than they were a year ago. However, their collective wealth has gone up from $52.9 billion in 2022 to $53.9 billion in 2023. Billionaires from Saudi Arabia were excluded from Forbes’ global list for the sixth consecutive year.
Egypt’s Nassef Sawiris is still the richest Arab in the world, with a net worth of $7.4 billion— his wealth dropped $300 million less compared to 2022. His most valuable asset is a nearly 6% stake in sportswear maker adidas. He also runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.
Algeria’s only billionaire, Issad Rebrab & family, is also still the second richest Arab in the world, worth $4.6 billion—$500 million less compared to 2022. Rebrab is the founder and CEO of Cevital, Algeria’s largest privately-held company. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce two million tons of refined sugar a year.
Emirati billionaire, Hussain Sajwani, is the highest earner this year. His personal wealth has risen 66.7% compared to 2022. Mohamed Mansour also saw his fortune increase by 44% this year. Egypt and Lebanon have the highest number of billionaires in the region, with six entries each.
- The six Egyptian billionaires have a combined net worth of $19.1 billion.
- They are the three Mansour brothers, Mohammed, Youssef, and Yasseen, the two Sawiris brothers, Nassef and Naguib, and Mohamed Al Fayed, the 94-year-old former owner of Harrods.
- The six Lebanese billionaires have a collective net worth of $11.8 billion.
They are the two Mikati brothers, the fine Jewelry tycoon Robert Mouawad, and the three brothers of former billionaire and prime minister of Lebanon Saad Hariri, Bahaa, Ayman, and Fahed Hariri. The U.A.E. has three billionaires on the 2023 list—Hussain Sajwani, Abdulla bin Ahmad Al Ghurair & family, and Abdulla Al Futtaim & family, with a combined net worth of $9.9 billion.
Who is the richest person in the world?
According to the list released on September 3, 2023, the richest man in the world is Twitter CEO Elon Musk.
Who is going to buy Old Trafford?
Who is still in the running? – The only publicly known bidders are Qatari billionaire Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe’s Ineos group. Sheikh Jassim wants to buy 100% of United, while Ineos want the Glazer family’s 69% shareholding and are happy to leave the rest of the club on the New York Stock Exchange.
Is it true that Manchester United is being sold?
City fail in Eze bid – Manchester City bid for Crystal Palace’s Eberechi Eze but moved too late and offered too little. : “Manchester City launched an audacious late transfer bid for Crystal Palace star Eberechi Eze, according to reports. The tricky 25-year-old was believed to be up for the move, but a difference in valuation saw Pep Guardiola’s side walk away from what would have been a bombshell deal.
“Eze is now into his fourth season as a Premier League regular, having joined Palace from Queens Park Rangers in 2020. Able to play in attacking midfield or off either flank, the England international notched 10 goals last campaign. “The versatility and freedom with which Eze plays is enough to have convinced Guardiola of his quality.
“However, Palace refused to come down from their £80 million valuation, as City’s £60m proposal was deemed insufficient to sanction the last-gasp move.” presents the premium live sports rights previously carried by BT Sport including the Premier League, UEFA Champions League, UEFA Europa League, UEFA Conference League, Gallagher Premiership Rugby, Heineken Champions Cup, EPCR Challenge Cup, MotoGP, Cricket, UFC, Boxing and WWE.