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Sheikh Jassim

All articles tagged with #sheikh jassim

sports2 years ago•16 min saved

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minority stake in the club to British billionaire Sir Jim Ratcliffe after Sheikh Jassim's Qatari group claimed to have withdrawn from the race.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•1 min saved

Manchester United takeover talks with Qatari Sheikh Jassim denied by club

Manchester United has denied reports that it is negotiating exclusivity with Qatar's Sheikh Jassim for a sale of over $6bn. The Glazers family, who own a minority stake in the club, started the process of potentially selling the club last November. The Qatari offer is currently viewed more favorably than a bid from British billionaire Jim Ratcliffe, who has proposed that the Glazers stay at the club in some way in the future. The situation remains fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity.

via CBS Sports|

#glazers #jim-ratcliffe #manchester-united

business2 years ago•1 min saved

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

sports2 years ago•2 min saved

INEOS submits revised bid for Manchester United amidst sale delays.

Sir Jim Ratcliffe and INEOS have submitted a revised bid to become the new owners of Manchester United, along with Sheikh Jassim Bin Hamad Al Thani. The initial bids from Sheikh Jassim and Ratcliffe are not thought to have surpassed £5bn ($6.14bn) for United during the first round 'soft' deadline on February 17. The Glazer family, who confirmed they were open to selling United in November, have received multiple proposals for investments, including a proposal for possible financing from US hedge fund Elliott Investment Management.

via The Athletic|

#ineos #jim-ratcliffe #manchester-united

sports2 years ago•2 min saved

"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•5 min saved

Manchester United sale deadline approaches with multiple bids and Qatari sheikh in the running.

Sheikh Jassim Bin Hamad Al Thani and Jim Ratcliffe are the two most high-profile bidders for Manchester United, with initial bids thought to be below £5bn. Sheikh Jassim wants to complete a full takeover of United, while Ratcliffe is bidding for the Glazers’ 69%. Bidders have until Wednesday to submit their next offers, and the Glazers have set a price, which if not met, they will not feel under any added pressure to sell the club.

via The Athletic|

#bidders #jim-ratcliffe #manchester-united