Qatari banker withdraws United bid after balking at valuation
1 year, 5 months ago

Qatari banker withdraws United bid after balking at valuation

China Daily  

MANCHESTER, England — Qatar's Sheikh Jassim bin Hamad Al Thani is withdrawing his offer to buy Manchester United, a person with knowledge of the process told The Associated Press on Saturday. The person said Sheikh Jassim's final bid was almost double United's current market valuation of $3.2 billion. Sheikh Jassim's decision comes as United fans have grown increasingly frustrated with the time taken to complete the proposed sale. Sheikh Jassim, the chairman of Qatar Islamic Bank and son of a former Qatari prime minister, was bidding to take 100 percent ownership of United, which appealed to fans who are desperate to say goodbye to the Glazers.

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History of this topic

How Jim Ratcliffe’s personal approach outmanoeuvred Qatar in the race to buy Man United
1 year, 4 months ago

How Jim Ratcliffe’s personal approach outmanoeuvred Qatar in the race to buy Man United

The Independent  

By the time that Sheikh Jassim’s camp made it known they were withdrawing their bid to buy Manchester United, the Glazers were barely paying attention. How did a businessman with access to Qatar’s virtually limitless wealth not just “blow Ratcliffe out of the water”, as was the phrase so commonly used in the early stages of this process? Given the …

Manchester United shares tumble as Ratcliffe’s stake bid report dents buyout hopes
1 year, 4 months ago

Manchester United shares tumble as Ratcliffe’s stake bid report dents buyout hopes

The Hindu  

Shares of Manchester United fell as much as 23 per cent on Monday after reports that British billionaire Jim Ratcliffe is looking to acquire only a 25 per cent stake in the football club raised concerns that a buyout by Qatar’s Sheikh Jassim bin Hamad al Thani could be off the table. Ineos Chair Jim Ratcliffe would pay over $1.5 …

Qatar's Sheikh Jassim Bin Hamad Al Thani withdraws bid to buy Manchester United
1 year, 5 months ago

Qatar's Sheikh Jassim Bin Hamad Al Thani withdraws bid to buy Manchester United

Firstpost  

Sheikh Jassim’s bid was for full control of Manchester United and promised to clear the club’s borrowings. Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, a source close to the deal told AFP on Saturday. Sheikh Jassim’s bid was for full control of United and promised to clear the club’s borrowings. They …

Sheikh Jassim withdraws offer to buy Manchester United over Glazers’ high price
1 year, 5 months ago

Sheikh Jassim withdraws offer to buy Manchester United over Glazers’ high price

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sheikh Jassim has withdrawn his offer to buy …

Qatar’s Sheikh Jassim refuses to improve 6 billion USD Manchester United bid: Reports
1 year, 5 months ago

Qatar’s Sheikh Jassim refuses to improve 6 billion USD Manchester United bid: Reports

The Hindu  

Qatar’s Sheikh Jassim bin Hamad al Thani has informed the Glazer family that controls Manchester United Plc that he will not improve on his bid to acquire the iconic football club for more than $6 billion, people familiar with the matter said. The move leaves the remaining bidder for Manchester United, Ineos chairman Jim Ratcliffe, in a stronger position to …

Man United sale: Qatari banker Sheikh Jassim is withdrawing his bid - AP source
1 year, 5 months ago

Man United sale: Qatari banker Sheikh Jassim is withdrawing his bid - AP source

Associated Press  

MANCHESTER, England — Qatar’s Sheikh Jassim bin Hamad Al Thani is withdrawing his offer to buy storied soccer club Manchester United, a person with knowledge of the process told The Associated Press on Saturday. The person said Sheikh Jassim’s final bid was almost double United’s current market valuation of $3.2 billion. Sheikh Jassim’s decision comes as United fans have grown …

Sheikh Jassim makes Manchester United takeover decision as Sir Jim Ratcliffe considers new bid
1 year, 5 months ago

Sheikh Jassim makes Manchester United takeover decision as Sir Jim Ratcliffe considers new bid

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Qatari businessman Sheikh Jassim still wants to …

EXCLUSIVE: Manchester United will be taken OFF the market by the Glazer family after bidders fail to reach their asking price in a huge blow to furious fans... as they hold out for £10BILLION for the
1 year, 6 months ago

EXCLUSIVE: Manchester United will be taken OFF the market by the Glazer family after bidders fail to reach their asking price in a huge blow to furious fans... as they hold out for £10BILLION for the

Daily Mail  

The Glazers are going to take Manchester United off the market, having failed to get close to their anticipated asking price, according to a source with long-standing close ties to the American family. The move is certain to provoke fury among United fans, who have never felt much warmth towards the club’s owners, and blame them for a lack of …

Manchester United negotiating exclusivity with Qatar’s Sheikh Jassim in $6 bln-plus sale talks-sources
1 year, 9 months ago

Manchester United negotiating exclusivity with Qatar’s Sheikh Jassim in $6 bln-plus sale talks-sources

The Hindu  

English football club Manchester United is negotiating to grant exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in the talks to sell itself for more than 6 billion USD, people familiar with the matter said on Thursday. A 6 billion USD deal would make the deal one of the biggest sports deals ever, following the similarly-sized …

Manchester United Shares Jump 20 Percent Amid Reports Over Qatari Takeover Bid
1 year, 9 months ago

Manchester United Shares Jump 20 Percent Amid Reports Over Qatari Takeover Bid

News 18  

Manchester United’s shares jumped nearly 20% in premarket trading on Tuesday after a report hinted that Qatar’s Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar’s Al-Watan newspaper reported on Tuesday evening that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as …

Qatar's Sheikh Jassim makes improved bid for Manchester United: Report
1 year, 9 months ago

Qatar's Sheikh Jassim makes improved bid for Manchester United: Report

Firstpost  

Sheikh Jassim’s bid is for 100 percent control of Manchester United and promises to wipe the club’s £970 million debt. Qatari banker Sheikh Jassim bin Hamad Al Thani has made an improved bid to secure Manchester United from the Glazer family, a source close to the bid told AFP on Tuesday. By contrast, Sheikh Jassim’s bid is for 100 percent …

Man United sale: Fans stage latest protests against Glazers
1 year, 10 months ago

Man United sale: Fans stage latest protests against Glazers

The Hindu  

Days after a third round of bidding for Manchester United, the Premier League club’s supporters stepped up efforts to drive out American owners, the Glazer family. A large group held up a banner that read “Full Sale Only” amid fears the owners may yet retain a majority or minority stake, despite inviting offers for their shares after announcing plans to …

Qatar’s Sheikh Jassim submits final bid for Manchester United
1 year, 10 months ago

Qatar’s Sheikh Jassim submits final bid for Manchester United

Al Jazeera  

Sheikh Jassim’s bid will offer an undisclosed figure to the owners and an additional investment directly into the club. Doha, Qatar – Qatari businessman Sheikh Jassim bin Hamad Al Thani has submitted his third and final bid to buy Manchester United football club, his representatives told Al Jazeera. The lifelong United fan’s “debt-free bid”, which was first submitted in February, …

Sheikh Jassim new Manchester United bid Glazers valuation
1 year, 10 months ago

Sheikh Jassim new Manchester United bid Glazers valuation

The Hindu  

Sheikh Jassim Bin Hamad Al Thani, the son of Qatar’s former prime minister, is set to lodge an improved third bid of less than 5 billion pounds for English Premier League football club Manchester United by Friday’s deadline, The Guardian reported. The Qatari banker is intent on buying 100% of the club and his bid falls short of the 6 …

Sir Jim Ratcliffe's bid to takeover Man United would see the Glazers keep a stake in the club
1 year, 10 months ago

Sir Jim Ratcliffe's bid to takeover Man United would see the Glazers keep a stake in the club

Daily Mail  

Sir Jim Ratcliffe is offering a deal for Manchester United that would enable Joel and Avram Glazer to remain stakeholders in the club, Mail Sport understands. In what would be a highly controversial act likely to infuriate large sections of United's support, one of the options on the table for the American owners would see Ratcliffe take a controlling stake …

Manchester United fans growing impatient for sale of club
1 year, 11 months ago

Manchester United fans growing impatient for sale of club

The Hindu  

Nearly five months after the Glazer family put Manchester United on the market, the iconic soccer club’s fans are growing impatient as the proposed sale goes on. Following reports that there will be a third round of bids, the Manchester United Supporters Trust said Thursday the uncertainty was of “great concern.” “Erik needs to know what resources he has to …

Manchester United fans growing impatient for sale of club
1 year, 11 months ago

Manchester United fans growing impatient for sale of club

Associated Press  

MANCHESTER, England — Nearly five months after the Glazer family put Manchester United on the market, the iconic soccer club’s fans are growing impatient as the proposed sale goes on. Following reports that there will be a third round of bids, the Manchester United Supporters Trust said Thursday the uncertainty was of “great concern.” “Erik needs to know what resources …

MUFC takeover: Qatar’s Al Thani submits new USD 6 billion bid for Manchester United
1 year, 11 months ago

MUFC takeover: Qatar’s Al Thani submits new USD 6 billion bid for Manchester United

The Hindu  

Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United which is believed to be worth around 5 billion pounds, Sky News reported on Saturday. A spokesperson representing Sheikh Jassim said at the time that the bid was completely debt free, via Sheikh Jassim’s Nine Two Foundation. READ | Man United bidders set to make …

Manchester United sale: Deadline extended for 2nd bids
1 year, 11 months ago

Manchester United sale: Deadline extended for 2nd bids

Associated Press  

MANCHESTER, England — Bidders trying to buy Manchester United have been given more time to submit second offers for the iconic soccer team. Sheikh Jassim bin Hamad Al Thani has outlined his intention to make a second offer for United and British billionaire Jim Ratcliffe is also expected to bid, although neither met Wednesday’s deadline. Sheikh Jassim, the son of …

Analysis: The Man Utd bid and Qatar’s global sporting intent
1 year, 11 months ago

Analysis: The Man Utd bid and Qatar’s global sporting intent

Al Jazeera  

An offer to buy Manchester United signals Qatar’s continuing ambition to be seen as a global sport powerhouse, analysts say. Jassim’s bid was submitted through his Nine Two Foundation, the name an apparent nod to Manchester United’s famous “class of 92” squad, which won several titles during the 1990s. However, some Manchester United fans have rejected Jassim’s bid as an …

Battle to buy Manchester United heats up as Qatari banker, British billionaire prepare fresh bids
1 year, 11 months ago

Battle to buy Manchester United heats up as Qatari banker, British billionaire prepare fresh bids

Firstpost  

Manchester: The battle to buy Manchester United heated up on Wednesday as Qatari banker and British billionaire Jim Ratcliffe prepared to raise their bids for the 20-time English champions. A source close to Sheikh Jassim’s bid told AFP he remains confident his bid is “the best for the club, fans and local community.” INEOS chemical company founder Ratcliffe, a boyhood …

Manchester United Bidders Set to Make Latest Takeover Offers
1 year, 11 months ago

Manchester United Bidders Set to Make Latest Takeover Offers

News 18  

After a series of high level meetings last week, a second round of bids to buy Manchester United are due Wednesday. Representatives of Sheikh Jassim bin Hamad Al Thani toured Old Trafford and the club’s training ground last Thursday, meeting with United executives. Indicative offers were submitted to American merchant bank Raine last month, with Sheikh Jassim and Ratcliffe confirming …

Man United bidders set to make latest takeover offers
1 year, 11 months ago

Man United bidders set to make latest takeover offers

Associated Press  

MANCHESTER, England — After a series of high level meetings last week, a second round of bids to buy Manchester United are due Wednesday. Representatives of Sheikh Jassim bin Hamad Al Thani toured Old Trafford and the club’s training ground last Thursday, meeting with United executives. Indicative offers were submitted to American merchant bank Raine last month, with Sheikh Jassim …

Man United bidders get a closer look ahead of potential sale
1 year, 11 months ago

Man United bidders get a closer look ahead of potential sale

Associated Press  

MANCHESTER, England — Bidders are getting a closer look at Manchester United as the potential sale of one of the biggest soccer clubs in the world gathers pace. The Glazers, who also own the Tampa Bay Buccaneers, announced in November that they were open to selling United as they explored “strategic alternatives.” “It is a phenomenal asset with a tremendously …

Manchester United bids may not be high enough to convince Glazers to sell
2 years ago

Manchester United bids may not be high enough to convince Glazers to sell

The Telegraph  

Manchester United’s takeover bidders are hoping for clarity about the next stage of the process this week, amid the prospect of being told their offers are not high enough to persuade the Glazer family to sell. Sheikh Jassim bin Hamad Al Thani, a Qatari, and Jim Ratcliffe’s Ineos Group are the only two parties to have gone public with their …

Manchester United: Qatar sheikh bids for English giants as billionaire Jim Ratcliffe enters race
2 years ago

Manchester United: Qatar sheikh bids for English giants as billionaire Jim Ratcliffe enters race

Firstpost  

London: A consortium led by a Qatari banker announced Friday it had submitted an offer to take full control of Manchester United, with British billionaire Jim Ratcliffe also reported to have lodged a bid. Sheikh Jassim Bin Hamad Al Thani “today confirmed his submission of a bid for 100 percent of Manchester United Football Club”, his press release said ahead …

Qatar Sheikh Bids for Manchester United as Billionaire Jim Ratcliffe Enters Race
2 years ago

Qatar Sheikh Bids for Manchester United as Billionaire Jim Ratcliffe Enters Race

News 18  

A consortium led by a Qatari banker announced Friday it had submitted an offer to take full control of Manchester United, with British billionaire Jim Ratcliffe also reported to have lodged a bid. Sheikh Jassim Bin Hamad Al Thani “today confirmed his submission of a bid for 100 percent of Manchester United Football Club”, his press release said ahead of …

Qatar-based bid for Manchester United confirmed on deadline day
2 years ago

Qatar-based bid for Manchester United confirmed on deadline day

Al Jazeera  

The deal to buy Manchester United football club is expected to shatter records for the sale of a sport business. Sheikh Jassim Bin Hamad Al Thani, a son of Qatar’s former prime minister, has launched a bid to buy the United Kingdom’s Premier League club Manchester United, whose United States-based owners launched a formal sale process late last year. A …

All confirmed bids for Man Utd sale as deadline looms
2 years ago

All confirmed bids for Man Utd sale as deadline looms

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Boyhood Manchester United supporter Sir Jim Ratcliffe remains …

Manchester United sale: Bidding process nears deadline, Qatar Royals interested
2 years ago

Manchester United sale: Bidding process nears deadline, Qatar Royals interested

Live Mint  

The deadline for purchasing the most famous soccer team, Manchester United is inching closer and the bidders have to present their initial offers to merchant bank Raine Group on Friday. The offer by Qatar also has a technical angle as the state-backed Qatar Sports Investments already owns French super-club Paris Saint-Germain FC and according to the rules of football’s governing …

Is Qatar really buying Manchester United?
2 years ago

Is Qatar really buying Manchester United?

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Qatar are rumoured to be interested in completing …

Qatar will bid for Manchester United in its entirety
2 years, 1 month ago

Qatar will bid for Manchester United in its entirety

The Telegraph  

A bid from Qatar Investment Authority to buy Manchester United in its entirety will come by the end of the week in time for the deadline set by the New York merchant bank selling the club, Telegraph Sport understands. It is not yet clear how Qatar would square ownership of Paris St-Germain and United with Uefa’s rules banning multi-club ownership …

Qatar investors to make bid to buy Manchester United from Glazer family: Report
2 years, 1 month ago

Qatar investors to make bid to buy Manchester United from Glazer family: Report

The Hindu  

Qatari investors are set to make a huge bid to buy Manchester United, reported Daily Mail. Last month INEOS, a company owned by Jim Ratcliffe, entered the bidding process for the club after its US owners, the Glazer family, said in November that they began the process of selling the club. Earlier, Bloomberg News reported that Qatar Sports Investments, the …

Qatari Investors Set to Bid for Manchester United: Report
2 years, 1 month ago

Qatari Investors Set to Bid for Manchester United: Report

News 18  

Qatari investors are planning to make a huge bid to buy Premier League club Manchester United, the Daily Mail newspaper reported on Tuesday, citing unnamed sources. LeBron James: The Man Who Would be King Jim Ratcliffe’s company INEOS formally entered the bidding process to buy United last month after the club’s U.S. owners, the Glazer family, said in November they …

What we’re hearing about the sale of Manchester United
2 years, 3 months ago

What we’re hearing about the sale of Manchester United

New York Times  

Sheikh Jassim’s Manchester United takeover bid, the Qatar issue and what it means for Ratcliffe It is three weeks since the Glazer family announced their intention to “explore strategic alternatives” for Manchester United “including new investment into the club, a sale, or other transactions”. It reads: “Pontegadea, investment and asset management company of the Ortega family, denies the existence of …

Premier League: Who could be potential Manchester United buyers?
2 years, 3 months ago

Premier League: Who could be potential Manchester United buyers?

The Hindu  

Manchester United’s owners, the Glazer family, are considering selling the club as they explore “strategic alternatives”. Ratcliffe’s name was widely mentioned among United fans as someone many would welcome, although there are fears he might be priced out with some estimates putting the club’s worth at more than $4.5 billion. RED KNIGHTS In 2010, the Red Knights, a group involving …

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