Report: Sheikh Jassim, Ratcliffe prepare for world record bids for Man United

Report: Sheikh Jassim, Ratcliffe prepare for world record bids for Man United
March 23, 2023

Sources mentioned that Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe’s Ineos Group haven’t but submitted world document bids for Manchester United, regardless of widespread studies on the contrary. Solhkul Café from Sky Sports.

earlier Wednesday, Rob Harris on Sky News and BBC Sport Dan RowanAmongst different issues, it reported that Sheikh Jassim and Ratcliffe, the billionaire founding father of petrochemicals maker INEOS, had submitted two bids to United forward of the anticipated 9pm British time deadline.

They’ve as an alternative obtained an extension from the Raine Group, the business financial institution dealing with the bidding course of, and at the moment are anticipated to submit bids value greater than £5bn on Thursday, based on The Guardian. Miguel Delaney, The Independent.

Their preliminary bids are believed to have been round £4.5 billion.

The Glazer household, who’ve owned United since 2005, are mentioned to be asking round £6 billion for the membership. The Glazers mentioned in November that they might think about “all strategic options”, together with promoting minority and majority stakes within the membership.

Sheikh Jassim’s representatives mentioned the Qatari banker intends to purchase 100% of United in a totally debt-free takeover. Ratcliffe pledged to purchase out the Glazer household’s 69% stake within the membership.

The NFL’s Denver Broncos are the costliest sports activities franchise ever offered. The Walton-Penner household’s possession group agreed to purchase the Broncos final yr for $4.65 billion (£3.75 billion).

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