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Sheikh Jassim Bin Hamad Al Thani

All articles tagged with #sheikh jassim bin hamad al thani

business2 years ago

Manchester United's Stock Skyrockets Amidst Takeover Speculation

Shares of Manchester United surged by 30% in premarket trading after Qatari media suggested Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid. Qatar's Al-Watan newspaper reported that Sheikh Jassim, a son of the country's former prime minister, is poised to be announced as the preferred bidder of the Premier League soccer club. The Glazer family, Manchester United's American owners, announced the formal sale process late last year, saying in a Nov. 22 statement that the company's board of directors would start exploring "strategic alternatives" for the club.

via CNBC|
#business#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