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Man Utd takeover: Sheikh Jassim launches even bigger last-ditch bid to buy football club
Man Utd takeover: Sheikh Jassim launches even bigger last-ditch bid to buy football club
The Qatari billionaire Sheikh Jassim bin Hamad bin Khalifa Al Thani has raised his bid for Manchester United by making a fourth and last-ditch offer for the club, which is understood to be closer to £5 billion. The businessman has made a late intervention after the lifelong United fan, and petrochemicals billionaire, Sir Jim Ratcliffe had submitted his third bid which valued United at a higher figure. As with all of Sheikh Jassim’s previous proposals, he is trying to buy 100 percent of the club, where the Glazer family are current majority shareholders. The Qatari has also pledged to clear United’s debt of £536 million and has promised a separate fund directed at the club and the community. Ratcliffe’s most recent bid allowed Joel and Avram Glazer, two of the six siblings whose father, Malcolm, bought the club in 2005, to retain a stake while aiming to complete a takeover in the next few years. The American merchant bank the Raine Group are overseeing the process for the Glazers. There have been three previous rounds of bids, without seeming to meet the Glazers’ valuation, though Ratcliffe had emerged as the favourite to complete a deal. Read More Eddie Howe: Football must learn from my confrontation with fan Dimitar Berbatov warns Harry Kane not to ‘tarnish’ Tottenham legacy by leaving You’re asking the wrong person – Emma Hayes not interested in title permutations
2023-05-17 18:18
It’s the G-7 Versus China and Russia in the Struggle for Global Influence
It’s the G-7 Versus China and Russia in the Struggle for Global Influence
The tussle for global influence is about to intensify, as China, Russia, the US and its allies step
2023-05-17 17:52
Court orders Theranos founder Elizabeth Holmes to go to prison
Court orders Theranos founder Elizabeth Holmes to go to prison
Holmes was also ordered to pay $452m in restitution to the victims of the scandal.
2023-05-17 17:50
Elon Musk says Tesla not immune to tough economy that he foresees
Elon Musk says Tesla not immune to tough economy that he foresees
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was
2023-05-17 12:46
Australia Q1 wage growth rises by 3.7%, quarterly gains missed forecasts
Australia Q1 wage growth rises by 3.7%, quarterly gains missed forecasts
SYDNEY Australian wages increased at the fastest pace in a decade in the first quarter, although quarterly gains
2023-05-17 09:48
Record inflation: Five ways Argentines try to cope
Record inflation: Five ways Argentines try to cope
With inflation above 100%, Argentines have devised a number of strategies to deal with the crisis.
2023-05-17 08:56
Pfizer plans to raise $31 billion from debt offering to finance Seagen takeover
Pfizer plans to raise $31 billion from debt offering to finance Seagen takeover
Pfizer Inc said on Tuesday it plans to raise $31 billion from a debt offering to finance its
2023-05-17 07:52
Biden G7: President to cut short foreign trip for debt ceiling talks
Biden G7: President to cut short foreign trip for debt ceiling talks
Joe Biden will head home after a G7 meeting in Japan for talks with congressional leaders in the US.
2023-05-17 04:21
Ed Woodward accepts first job since Man Utd departure
Ed Woodward accepts first job since Man Utd departure
Former Manchester United executive vice-chair Ed Woodward has accepted a first job since departing Old Trafford last year. Woodward has joined the board of educational esports company EStars as a non-executive director. EStars is “at the heart of the fastest-growing sport in the world”, using esports to bring classmates together, both during and after school hours, to foster great academic goals, inclusion, diversity and positive outcomes. Ex-Newcastle, Netherlands and current Norwich goalkeeper Tim Krul has been a shareholder in the company since its inception in 2017 and Woodward explained his decision to accept the new role. He said: “When you put together esports, education and a dynamic region such as the Middle East, where curriculum decisions can be made faster than Europe, it is a recipe for success. “Joining the team is an easy decision when you add the exceptional leadership and entrepreneurial energy of Mags [founder Mags Byrne]. I’m excited about EStars delivering a path of learning for the next generation in the (relatively) new industry of esports.” Having qualified as a chartered accountant and then worked at JPMorgan as an investment banker, Woodward joined Man United in 2005 to oversee their commercial operations, having advised the Glazer family on their purchase of the club. He was appointed to the board of directors in 2008 and became executive vice-chair in 2013 when David Gill retired. He became an incredibly unpopular figure at Old Trafford due to his association with a Glazer regime that fans turned against and despite the £1bn he sanctioned in transfer fees, his tenure is regarded as a failure, with the club struggling on the pitch – in relative terms at least – in the post-Sir Alex Ferguson era. It has been mooted that he could help the Glazer family negotiate any potential sale of Manchester United as the takeover saga drags on. Read More What would a Sir Jim Ratcliffe takeover mean for Manchester United Erik ten Hag unsure what funds will be available to strengthen Man Utd’s squad Louis Van Gaal suggests Ed Woodward’s departure from Man Utd could spell success
2023-05-16 23:59
Two online brokerages to remove China apps as Beijing data crackdown widens
Two online brokerages to remove China apps as Beijing data crackdown widens
SHANGHAI/HONG KONG (Reuters) -Online brokerages Futu Holdings Ltd and UP Fintech Holding Ltd will remove apps in mainland China amid
2023-05-16 21:48
Shake Shack settles with activist investor, adds independent director
Shake Shack settles with activist investor, adds independent director
(Reuters) -Shake Shack Inc on Tuesday added an independent director in agreement with Engaged Capital LLC, avoiding a potential proxy
2023-05-16 20:48
ONEOK shares drop on concerns over Magellan pipeline deal
ONEOK shares drop on concerns over Magellan pipeline deal
By Laura Sanicola and Arathy Somasekhar -Shares of gas pipeline operator ONEOK Inc fell about 9% on Monday on questions
2023-05-16 07:16
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