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Man Utd takeover: Sheikh Jassim launches even bigger last-ditch bid to buy football club
Man Utd takeover: Sheikh Jassim launches even bigger last-ditch bid to buy football club
The Qatari billionaire Sheikh Jassim bin Hamad bin Khalifa Al Thani has raised his bid for Manchester United by making a fourth and last-ditch offer for the club, which is understood to be closer to £5 billion. The businessman has made a late intervention after the lifelong United fan, and petrochemicals billionaire, Sir Jim Ratcliffe had submitted his third bid which valued United at a higher figure. As with all of Sheikh Jassim’s previous proposals, he is trying to buy 100 percent of the club, where the Glazer family are current majority shareholders. The Qatari has also pledged to clear United’s debt of £536 million and has promised a separate fund directed at the club and the community. Ratcliffe’s most recent bid allowed Joel and Avram Glazer, two of the six siblings whose father, Malcolm, bought the club in 2005, to retain a stake while aiming to complete a takeover in the next few years. The American merchant bank the Raine Group are overseeing the process for the Glazers. There have been three previous rounds of bids, without seeming to meet the Glazers’ valuation, though Ratcliffe had emerged as the favourite to complete a deal. Read More Eddie Howe: Football must learn from my confrontation with fan Dimitar Berbatov warns Harry Kane not to ‘tarnish’ Tottenham legacy by leaving You’re asking the wrong person – Emma Hayes not interested in title permutations
2023-05-17 18:15
Loving trainers: JD Sports' profit to top 1 billion pounds
Loving trainers: JD Sports' profit to top 1 billion pounds
By James Davey LONDON (Reuters) -JD Sports Fashion said on Wednesday it expected profit to exceed 1 billion pounds ($1.3
2023-05-17 17:19
Asia Stocks Set for Mixed Open; US Futures Muted: Markets Wrap
Asia Stocks Set for Mixed Open; US Futures Muted: Markets Wrap
Asian equities look set for mixed start Wednesday while US contracts posted muted gains after leaders in Washington
2023-05-17 07:59
WNBA suspends Hammon 2 games for player's allegation she was bullied for being pregnant
WNBA suspends Hammon 2 games for player's allegation she was bullied for being pregnant
The WNBA has suspended Las Vegas coach Becky Hammon for two games for violating league and team respect in the workplace policies
2023-05-17 01:16
Ed Woodward accepts first job since Man Utd departure
Ed Woodward accepts first job since Man Utd departure
Former Manchester United executive vice-chair Ed Woodward has accepted a first job since departing Old Trafford last year. Woodward has joined the board of educational esports company EStars as a non-executive director. EStars is “at the heart of the fastest-growing sport in the world”, using esports to bring classmates together, both during and after school hours, to foster great academic goals, inclusion, diversity and positive outcomes. Ex-Newcastle, Netherlands and current Norwich goalkeeper Tim Krul has been a shareholder in the company since its inception in 2017 and Woodward explained his decision to accept the new role. He said: “When you put together esports, education and a dynamic region such as the Middle East, where curriculum decisions can be made faster than Europe, it is a recipe for success. “Joining the team is an easy decision when you add the exceptional leadership and entrepreneurial energy of Mags [founder Mags Byrne]. I’m excited about EStars delivering a path of learning for the next generation in the (relatively) new industry of esports.” Having qualified as a chartered accountant and then worked at JPMorgan as an investment banker, Woodward joined Man United in 2005 to oversee their commercial operations, having advised the Glazer family on their purchase of the club. He was appointed to the board of directors in 2008 and became executive vice-chair in 2013 when David Gill retired. He became an incredibly unpopular figure at Old Trafford due to his association with a Glazer regime that fans turned against and despite the £1bn he sanctioned in transfer fees, his tenure is regarded as a failure, with the club struggling on the pitch – in relative terms at least – in the post-Sir Alex Ferguson era. It has been mooted that he could help the Glazer family negotiate any potential sale of Manchester United as the takeover saga drags on. Read More What would a Sir Jim Ratcliffe takeover mean for Manchester United Erik ten Hag unsure what funds will be available to strengthen Man Utd’s squad Louis Van Gaal suggests Ed Woodward’s departure from Man Utd could spell success
2023-05-16 23:58
Federer-Backed Shoemaker Drops as Revenue Surge Fails to Impress
Federer-Backed Shoemaker Drops as Revenue Surge Fails to Impress
Swiss shoemaker On Holding AG fell after posting earnings and sales growth that failed to satisfy investors after
2023-05-16 22:29
China Arrests South Korean Footballer for Alleged Bribery
China Arrests South Korean Footballer for Alleged Bribery
China arrested a former member of South Korea’s national men’s soccer team on suspicion of taking bribes, raising
2023-05-16 16:48
Ja Morant in limbo again as he awaits review of latest gun video on social media
Ja Morant in limbo again as he awaits review of latest gun video on social media
Ja Morant still had his endorsement deals Monday
2023-05-16 08:52
Asia Stocks Set for Mixed Open, US Debt Talks Near: Markets Wrap
Asia Stocks Set for Mixed Open, US Debt Talks Near: Markets Wrap
Asian equities are poised for a mixed opening as traders continue to look for clues of any breakthrough
2023-05-16 07:46
Grizzlies' Morant in limbo again, awaits review of latest gun video on social media
Grizzlies' Morant in limbo again, awaits review of latest gun video on social media
Ja Morant still had his endorsement deals Monday
2023-05-16 06:46
U.S. announces plan to buy 3 million barrels for emergency oil reserve
U.S. announces plan to buy 3 million barrels for emergency oil reserve
(Reuters) -The U.S. Department of Energy said on Monday it will purchase 3 million barrels of crude oil for the
2023-05-16 04:50
Oakland A's reach agreement for potential stadium site on Las Vegas Strip
Oakland A's reach agreement for potential stadium site on Las Vegas Strip
The Oakland Athletics have reached an agreement with Bally’s and Gaming & Leisure Properties to build a potential stadium on the Tropicana hotel site along the Las Vegas Strip
2023-05-16 02:17
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