(Bloomberg) -- The Qatari group led by Sheikh Jassim Bin Hamad J.J. Al Thani has withdrawn its bid to buy Manchester United, people familiar said, paving the...
-- The Qatari group led by Sheikh Jassim Bin Hamad J.J. Al Thani has withdrawn its bid to buy Manchester United, people familiar said, paving the way for British billionaire Jim Ratcliffe to eventually gain control of the storied football club.Wider War in Middle East Could Tip the World Economy Into Recession
Bloomberg reported this week that Ratcliffe had emerged as the front-runner to buy into Manchester United, with the British billionaire’s recently revised offer giving him the edge over the Qataris. The Manchester United board is set to meet in the coming days. However, discussions are still ongoing, and the Glazers could decide to keep the club, strike a deal with Ratcliffe or institutional investors, or a combination of the above.Any agreement would bring an end to the long-running battle for one of sport’s biggest prizes.
“We have always been neutral between Jassim and Ratcliffe,” said Chris Rumfitt, head of Manchester United Supporters Trust. “But if the Ratcliffe deal maintained the Glazer’s ultimately in charge I think that is something fans would be very hostile to.” The sale of Manchester United is being handled by bankers at US-based advisory firm Raine Group LLC. Representatives for Raine could not be immediately reached for comment. Spokespeople for Ratcliffe and Manchester United declined to comment.
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Man United sale: Qatari banker Sheikh Jassim is withdrawing his bidMANCHESTER, England (AP) — 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.
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Man United sale: Qatari banker Sheikh Jassim is withdrawing his bidMANCHESTER, England (AP) — 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.
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Man United sale: Qatari banker Sheikh Jassim is withdrawing his bidMANCHESTER, England (AP) — 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.
Read more »
Man United sale: Qatari banker Sheikh Jassim is withdrawing his bidMANCHESTER, England (AP) — 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.
Read more »
Man United sale: Qatari banker Sheikh Jassim is withdrawing his bidQatar'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.
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Billionaire Jim Ratcliffe Leads Race to Invest in Manchester United(Bloomberg) -- Jim Ratcliffe is emerging as the frontrunner to buy into English football giants Manchester United Plc, people with knowledge of the matter...
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