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Glazer Family

All articles tagged with #glazer family

sports1 year ago

"Manchester United's New Direction: INEOS, Ratcliffe, and the Future Ahead"

INEOS has acquired a 25% stake in Manchester United for £1.3 billion, gaining sporting control and investing $300 million. This deal marks a shift in the club's dynamic, with INEOS assuming control over football operations while the Glazer family retains overall ownership. The acquisition brings fresh impetus and outside investment to the club, with plans to improve infrastructure and a focus on winning the Champions League. Despite the minority stake, INEOS aims to lead a modern, fan-centered approach to ownership and has already made changes to the club's leadership, sparking speculation about the future of manager Erik ten Hag and other key personnel.

via The Athletic|
#football#glazer-family#ineos
sports2 years ago

Man Utd's Sheikh Jassim withdraws bid as Qataris exit, leaving potential stake sale to Sir Jim Ratcliffe

Manchester United's board is set to vote on selling a minority stake in the club to British billionaire Sir Jim Ratcliffe after Sheikh Jassim's Qatari group claimed to have withdrawn from the race. Ratcliffe's INEOS petrochemical empire has agreed in principle to a deal for a 25% stake, subject to board ratifications. This would potentially give Ratcliffe sporting control of the club but deny fans a clean break from the Glazer family, who have faced opposition from supporters due to their leveraged buyout in 2005. The Glazers own 96% of the voting rights and will make the final decision at the board meeting.

via The Athletic|
#glazer-family#ineos#jim-ratcliffe
sports2 years ago

Man United's Decline Tested in Bayern Clash

Manchester United's upcoming Champions League match against Bayern Munich serves as a stark reminder of the club's decline. Despite boasting lucrative commercial deals, United has struggled on the football pitch, with their last Premier League title coming over a decade ago and their last Champions League triumph 15 years ago. The club's infrastructure, including Old Trafford and their training ground, has also fallen behind rivals. United's recruitment has been criticized, and they have missed out on key signings like Harry Kane. Meanwhile, Bayern Munich, who have won the Bundesliga title for the past 11 seasons, have continued to strengthen their squad and are considered strong contenders for the Champions League. The Glazer family's ownership and financial decisions have contributed to United's cycle of failure, leaving the club far from their former glory.

via ESPN|
#bayern-munich#champions-league#decline
business2 years ago

Manchester United's Ownership Saga Continues with Sheikh Jassim's Bid.

Manchester United is negotiating exclusivity with a consortium led by Qatar's Sheikh Jassim bin Hamad al-Thani in the talks to sell itself for more than $6 billion. The Glazer family, which owns minority stakes in Manchester United, would be cashing out as part of the proposed deal. The Qatari offer is currently viewed more favorably than a bid from British billionaire Jim Ratcliffe, founder of chemicals producer INEOS. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period.

via CNBC|
#business#glazer-family#jim-ratcliffe
business2 years ago

"Manchester United Stock Soars Amidst Takeover Speculation"

Manchester United's stock (MANU) surged 13.8% on Tuesday amid fresh speculation that the Glazer family, the American owners of the soccer club, were moving forward with a sale. Qatari banker Sheikh Jassim Bin Hamad Al Thani reportedly won a bid for control of the club, but Manchester United declined to comment on the possible sale. The Glazers first announced their interest in selling the club in November 2022, and shares have surged nearly 76% since then. Jassim submitted his fifth and final bid of roughly $6.3 billion for complete ownership of the club earlier this month, while the Glazers have an asking price of $6 billion.

via Barron's|
#business#glazer-family#manchester-united
sports2 years ago

The Truth Behind Manchester United's Share Price Surge and Takeover Rumors

Reports of a takeover of Manchester United by Sheikh Jassim through his Nine Two Foundation have been circulating on social media, causing the club's share price to increase. However, sources close to the Qatari bid have been surprised by the news and insist there has been no communication about the Glazers' decision. The rumour appears to have originated from a Twitter account advertising illegal football streaming with barely 300 followers, and has not been confirmed by legitimate sources.

via The Athletic|
#glazer-family#manchester-united#qatar
sports2 years ago

Manchester United takeover saga: Billionaires battle for ownership.

The potential sale of Manchester United has become a public pantomime due to the Glazer family's desire for top dollar for their asset, despite the discrepancy between any logical valuation of United and their presumed price tag. The Glazers need an auction to bridge the gap, and Raine, the merchant bank handling the process, is involved in creating a sense of urgency and competition. Sheikh Jassim and Sir Jim Ratcliffe have both submitted bids, but the deadline was extended due to Ratcliffe's request for more time. The poker will continue until the Glazers sell or definitively stay.

via The Athletic|
#glazer-family#manchester-united#sheikh-jassim-bin-hamad-al-thani
sports2 years ago

Manchester United takeover bids extended with potential for Glazer family involvement.

The deadline for the second round of bids for Manchester United has been extended, giving Sheikh Jassim Bin Hamad Al Thani and Sir Jim Ratcliffe more time to submit offers. The Qatari royal and the owner of petrochemicals giant INEOS are the only two bidders to have gone public with their interest in purchasing the club. Multiple other proposals for investments have been tabled before the deadline. The Glazer family, who confirmed they were open to selling United in November, have been offered financing by US hedge fund Elliott Investment Management in the event that they do not sell the club.

via The Athletic|
#glazer-family#manchester-united#sheikh-jassim-bin-hamad-al-thani
sports2 years ago

"Manchester United Sale: Sheikh Jassim and Sir Jim Ratcliffe Compete for Improved Bids"

Sheikh Jassim Bin Hamad Al Thani and Sir Jim Ratcliffe will submit improved offers in the second-round of bids to purchase Manchester United before Wednesday’s deadline. The Qatari bid is seen as the favourite to succeed should the Glazer family agree to a full sale. Sheikh Jassim wants to complete a full takeover of United, while Ratcliffe is solely bidding for the Glazers’ 69 per cent at this stage. The Glazers put the club on the market in November, valuing United at more than £6bn.

via The Athletic|
#glazer-family#jim-ratcliffe#manchester-united
sports2 years ago

Qatari sheikh prepares improved bid for Manchester United takeover.

A consortium led by Qatari Sheikh Jassim bin Hamad Al-Thani is set to make an improved bid to buy Manchester United, while British billionaire Sir Jim Ratcliffe is also expected to submit a bid. Other bids are also expected to be submitted, including those interested in minority investment. Existing owners, the Glazer family, are keeping their options open and have announced they will look at "strategic alternatives." United staff have been told to expect "clarity" on the club's ownership situation by the end of the season.

via ESPN|
#glazer-family#jim-ratcliffe#manchester-united