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Ineos ‘optimistic’ over Man United purchase after increased contact with Raine Group
Ineos ‘optimistic’ over Man United purchase after increased contact with Raine Group
Sir Jim Ratcliffe has had more extensive contact with Raine Group over the past two weeks than Qatar, creating a positivity within the INEOS bid that they can be the next owners of Manchester United, although it has not yet been communicated who the preferred bidder is. That does leave the way open for a huge Qatar offer that many have long been waiting for, but it would have to be a significant increase on their third-round bid of under £5bn. They would also have to be quick, as it is now expected that an announcement on preferred bidder could come next week. While the nature of this process ultimately comes down to the numbers, there was irritation on the selling side at some of the briefing around the third Sheikh Jassim-led bid, given it was considerably lower than had been anticipated. The Independent has also been told that the Glazers have been giving consideration to the fact any Qatar offer could take six to nine months longer, due to the likelihood that the assessment by the Owners and Directors test would be far longer. The bid comes as the Premier League have sought to tighten regulations on state-linked owners, amid increasing pressure over the subject. The Glazers are also conscious of the fact that, if that happens, and the Qatar deal were to falter, Ratcliffe would be unlikely to come in on a point of principle. As the INEOS group have long pointed out, their offer can lead to a cleaner process. Ratcliffe's group are “optimistic” that, if the takeover process continues smoothly, they would at least have an agreement to buy the club by the summer transfer window. That could leave Erik ten Hag frustrated as regards transfers for next season, given the club would be restricted in what it could do, but with the offset that the future would be much clearer thereafter. Either way, the Glazers' bankers are currently willing to discuss final details with Ratcliffe. The only development that could currently change that is if Qatar come back in with a huge offer, and there is insistence from within the Gulf state they are still in the race. At the same time, discussions with Raine have been minimal, with one source even stating that it was as close as you can get to being “ghosted” in such processes. The prospective takeover of United has been discussed at the top levels of the state, but a number of political issues have complicated the planned purchase, not least the willingness to not be seen to just pay whatever it takes. From the start, Qatar have been insistent they will only buy for the right price. It remains to be seen whether that valuation changes as the possibility of failure looms. 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 Man Utd fans stage protest against Glazers before and during Aston Villa match
2023-05-13 16:28
G7 plans new vaccine effort for developing nations, Yomiuri reports
G7 plans new vaccine effort for developing nations, Yomiuri reports
TOKYO (Reuters) -The Group of Seven (G7) rich nations is set to agree on establishing a new programme to distribute
2023-05-13 15:48
G7 finance chiefs move to diversify supply chains
G7 finance chiefs move to diversify supply chains
The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said Saturday following finance talks in Japan ahead...
2023-05-13 12:52
A lifetime subscription to this AI CV builder is on sale for 91% off
A lifetime subscription to this AI CV builder is on sale for 91% off
TL;DR: A lifetime subscription to AI Resume Builder is on sale for £30.90, saving you
2023-05-13 12:29
McDonald's found liable after child suffers burns from 'hot' chicken nuggets, Florida jury finds
McDonald's found liable after child suffers burns from 'hot' chicken nuggets, Florida jury finds
A South Florida jury returned a split verdict in a civil lawsuit filed against McDonald's and one of its franchisees that alleged "dangerously hot" chicken nuggets from a Happy Meal burned a toddler, according to CNN affiliate WPLG.
2023-05-13 08:24
US regulator urges recall of 67m airbag inflators
US regulator urges recall of 67m airbag inflators
The parts maker rejected the request, saying investigators had not found any "systemic" defects.
2023-05-13 08:24
Linda Yaccarino to bring vaunted ad skills to Twitter
Linda Yaccarino to bring vaunted ad skills to Twitter
Named Friday as Elon Musk's successor as Twitter CEO, Linda Yaccarino is a respected media and advertising executive considered...
2023-05-13 07:46
Exclusive: G7 summit statement to target China's 'economic coercion' - source
Exclusive: G7 summit statement to target China's 'economic coercion' - source
By Trevor Hunnicutt WASHINGTON Leaders of the Group of Seven (G7) countries are set to issue a statement
2023-05-13 06:48
Argentina annual inflation exceeds 108 percent in April
Argentina annual inflation exceeds 108 percent in April
Inflation in Argentina reached 108.8 percent in the 12 months to April, a more than three decade high, the Indec...
2023-05-13 05:24
Debt ceiling: Still no plan to avoid a default, but major shifts in posture
Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
2023-05-13 04:54
Robocall company behind 'billions' of illegal calls sued by FTC
Robocall company behind 'billions' of illegal calls sued by FTC
WASHINGTON XCast Labs, a company accused of helping make billions of illegal robocalls, was sued on Friday by
2023-05-13 04:15
Factbox: Linda Yaccarino - the advertising executive Musk picked as new Twitter CEO
Factbox: Linda Yaccarino - the advertising executive Musk picked as new Twitter CEO
Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries
2023-05-13 03:49
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