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Manchester United considering giving bid exclusivity to Sheikh Jassim – Report
Manchester United considering giving bid exclusivity to Sheikh Jassim – Report
Sources close to Sheikh Jassim have declined to comment on a report that Manchester United are considering granting exclusivity to the Qatari in the race to buy the club. Sheikh Jassim made a fifth and final bid for the club last week and it is being reported that his offer is viewed more favourably by the club’s owners, the Glazer family, than a rival bid from Ineos founder Sir Jim Ratcliffe. However, the Sheikh’s team indicated nothing had changed from earlier in the week when a report from Qatar suggesting Sheikh Jassim had won the race to buy United was described as “pure speculation” by one source. The report on Thursday suggested that, if exclusivity was granted to Sheikh Jassim by the club, it would shut out the Ratcliffe bid for as long as the exclusivity period lasted. Sheikh Jassim’s bid has always been to buy 100 per cent of the club. It has been reported that Ratcliffe was offering to buy 60 per cent, allowing Avram and Joel Glazer to retain a combined 20 per cent, but the Ratcliffe camp has declined to comment on that point. Trading in Manchester United shares on the New York Stock Exchange was temporarily paused due to “volatility,” though shares resumed trading shortly afterwards, and were up 12 per cent on the day. A new company, Nine Two UK Holdings Limited, was also incorporated in the UK on Thursday as part of Sheikh Jassim’s preparations should his bid be successful. The PA news agency understands the paperwork was submitted months ago, with sources insisting the incorporation was simply part of getting things in order rather than an indication Sheikh Jassim’s offer had been accepted. The documents published on the Companies House website list Sheikh Jassim as an individual person with significant control of the company. He is listed as one of two directors, alongside Abdulrahman Abdulla Al Ansari. Al Ansari is also on the board of the Qatar Chamber, which describes itself as a non-profit public organisation whose mission is to represent, support and protect the interests of the business community in Qatar. Companies House says all shares in the new UK company are owned by Nine Two Holdings LLC, which was registered in Qatar in April. The listing confirms Sheikh Jassim was born in April 1982, making him 41 years old. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-15 23:48
France's waning influence in coup-hit Africa appears clear while few remember their former colonizer
France's waning influence in coup-hit Africa appears clear while few remember their former colonizer
The era of France’s arm-twisting interventionism in Africa may finally be over
2023-09-04 15:46
Niger Demands French Troops, Envoy Depart as Deadlines Pass
Niger Demands French Troops, Envoy Depart as Deadlines Pass
Thousands of protesters gathered outside a French army base in Niger’s capital Niamey over the weekend as a
2023-09-03 18:47
Siemens seeing 'normalisation' in demand after Q3 misses forecasts
Siemens seeing 'normalisation' in demand after Q3 misses forecasts
ZURICH Siemens is seeing a "normalisation in demand", particularly in China, the German engineering group said on Thursday
2023-08-10 13:24
Bitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling
Bitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling
NEW YORK/LONDON Bitcoin rose to two-week highs on Tuesday after a U.S. court ruled that the Securities and
2023-08-30 01:29
Country Garden Crisis Deepens as Unit Halts Local Bond Trading
Country Garden Crisis Deepens as Unit Halts Local Bond Trading
A crisis at Country Garden Holdings Co., formerly China’s biggest developer, deepened at the start of the week
2023-08-14 11:19
Back on track: Europe's night trains make bumpy comeback
Back on track: Europe's night trains make bumpy comeback
Night trains have made a comeback in Europe thanks to their low-carbon footprint, but after years of neglect, the renaissance...
2023-07-30 11:21
Macron Urges Europe to Think Twice Before Buying Non-EU Defense
Macron Urges Europe to Think Twice Before Buying Non-EU Defense
French President Emmanuel Macron called for Europe to come up with a strategy on air defense before looking
2023-06-20 03:56
SLB Launches First-of-Its-Kind, Easy-to-Install Methane Measurement Instrument
SLB Launches First-of-Its-Kind, Easy-to-Install Methane Measurement Instrument
ABU DHABI--(BUSINESS WIRE)--Oct 3, 2023--
2023-10-04 10:24
Futures muted as investors await more economic data
Futures muted as investors await more economic data
U.S. stock index futures were subdued on Tuesday in a data-packed week, with job openings figures due later
2023-08-29 18:25
Hi, Robot: machines take over at China's Asian Games
Hi, Robot: machines take over at China's Asian Games
From autonomous bug zappers to android pianists and driverless ice-cream trucks, machines rule the world -- at least...
2023-09-23 14:50
United Fuels Growth Plans With Purchase of 110 More Aircraft
United Fuels Growth Plans With Purchase of 110 More Aircraft
United Airlines Holdings Inc. will buy 110 more aircraft that will be delivered starting in five years, extending
2023-10-04 06:25