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Jim Ratcliffe Secures 25% Stake in Man United & Takes Control of Football Operations
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Ladybbird
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re: Jim Ratcliffe Secures 25% Stake in Man United & Takes Control of Football Operations
Manchester United SOLD: Club Owners, The Glazer Family Accepts Qatari Banker Sheikh Jassim bin Hamad Al Thani Bid of £5 BILLION
Qatari banker Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe's Ineos Group submitted their final bids for Manchester United. The latest bid deadline passed at 22:00 BST on Friday.
BBC News 29 APR 2023
Sheikh Jassim had made a world-record bid in excess of £5bn to buy Man Utd with INEOS' majority-stake offer also submitted ahead of Friday's 10pm deadline.
Glazer family – wanted £6bn
The chairman of Qatar Islamic Bank's final offer for the club was confirmed minutes before the 10pm deadline set by the incumbent Glazer family at the end of the third round of bidding, with fellow front-runner Sir Jim Ratcliffe, owner of INEOS, submitting his shortly after.
Sheikh Jassim's offer would make United the most expensive sports team in history by at least £200m, eclipsing the £4.8bn ongoing deal to buy NFL side Washington Commanders, but still falls short of the Glazers' own valuation of the club at around £6bn.
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