The Glazers are reportedly refusing to budge on their £6billion asking price for Manchester United, throwing a full sale into major doubt. The Glazers announced in November that they were looking for new investment at United, including a possible full sale. After months of speculation, things started to heat up this month with interest from […]
Tag: takeover
After weeks of speculation, Qatar have finally lodged their bid to purchase Manchester United in a total package that is worth up to £5billion. Although United are yet to respond, it’s understood that figure still falls £1bn short of the Glazers’ £6bn valuation of the club – although it’s unclear whether any potential buyers have […]
Sheikh Jassim Bin Hamad Al Thani, the chairman of one of Qatar banks QIB, has made a ‘substantial’ bid for Manchester United. The bid will carry no debt, and they say all profit will be reinvested into the community through the 92 Foundation. The Raine Group, who are organising the potential sale on behalf of […]
Parties interested in purchasing Manchester United from the Glazers will submit their bids before 10pm as the Raine Group’s deadline nears. Qatar are considered frontrunners for the takeover but face rival interest from Sir Jim Ratcliffe, the United States and Saudi Arabia. Raine, the US merchant bank enlisted to sell the club, will begin sorting […]
He was also involved in Sir Martin Broughton’s Chelsea bid before Boehly’s offer was accepted. And he has already addressed the prospect of owning a small share of a football team, suggesting it is something he wants to be a part of. “Jim’s part boss but partner – I’d say we’re more partners because we’re […]
Iranian-American billionaire Jahm Najafi is reportedly preparing a “blockbuster £3.1bn ($3.8bn) takeover bid” for Tottenham Hotspur. The 60-year-old is a minority shareholder in NBA side Phoenix Suns, is looking to become the latest Premier League club owner from the United States. That is according to the Financial Times, who state they were informed by “two […]
United have set a soft deadline of February 17 for the first round of bids to acquire the club, and it remains to be seen whether Musk will throw his hat into the ring. A bid from the Qatar Investment Authority – a £369bn sovereign wealth fund – will reportedly be lodged at some point […]
Manchester United are set to receive a huge takeover offer from Qatar, according to reports. The Glazers confirmed back in November they were open to selling the club after 18 controversial years of rule. And it appears there could be a quick end to this saga, with the Middle-Eastern suitors wanting business to be completed […]
“Russia is and will remain our neighbor. There are high expectations for the Norwegian chairmanship,” says Huitfeldt. “We will take over the chairmanship either way and we want a flexible and smooth transition. And we have some contact with Russia on an official level. So we will see how it plays out.” “So Russia will […]
Canada’s Federal Court of Appeal on Tuesday will hear whether Rogers Communications Inc’s hotly contested $20-billion bid for Shaw Communications Inc. can go ahead or be blocked as recommended by the competition bureau. The proceeding in a Federal Court of Appeal in Ottawa is the antitrust bureau’s latest attempt to kill the deal, saying the […]