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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
Patterson-UTI to Buy NexTier Creating Shale-Services Giant
Patterson-UTI to Buy NexTier Creating Shale-Services Giant
Patterson-UTI Energy Inc. agreed to acquire NexTier Oilfield Solutions Inc. in an all-stock deal worth $1.9 billion that
2023-06-15 23:47
US Economy Is Still Hanging Tough But Showing Signs of Slowing
US Economy Is Still Hanging Tough But Showing Signs of Slowing
The US economy is holding up but losing steam. While an advance in retail sales last month exceeded
2023-06-15 23:29
Generali Nears $2 Billion Deal for Liberty Mutual’s European Units
Generali Nears $2 Billion Deal for Liberty Mutual’s European Units
Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding
2023-06-15 22:17
Texas Bakes in Heat, Cyclone Heads for Pakistan: Weather Watch
Texas Bakes in Heat, Cyclone Heads for Pakistan: Weather Watch
Sluggish weather patterns across the US have created a dome of heat about to bake Texas. Excessive heat
2023-06-15 21:45
‘Badly Scarred’ Investors Need to See If Nigeria Is a Buy
‘Badly Scarred’ Investors Need to See If Nigeria Is a Buy
A lightening-fast policy reset from Nigeria’s newly elected president has placed Africa’s biggest economy back on the radar
2023-06-15 20:54
EU Set to Scrap Trade Curbs to Some Chinese Firms On Russia
EU Set to Scrap Trade Curbs to Some Chinese Firms On Russia
The European Union is set to scrap plans to restrict trade with five Chinese companies with alleged ties
2023-06-15 20:28
Nigeria Inflation Quickens Before Currency Devaluation, Fuel Subsidy Removal Filter Through
Nigeria Inflation Quickens Before Currency Devaluation, Fuel Subsidy Removal Filter Through
Nigeria’s inflation rate climbed for a fifth month on food prices, and is set for further rises when
2023-06-15 20:23
CAB Payments Presses on With UK IPO After WE Soda Pulls Deal
CAB Payments Presses on With UK IPO After WE Soda Pulls Deal
Transaction processor CAB Payments Holdings confirmed it plans to pursue an initial public offering in London, giving a
2023-06-15 19:58
Glenda Jackson, UK Actress Who Turned Politician, Dies at 87
Glenda Jackson, UK Actress Who Turned Politician, Dies at 87
Glenda Jackson, a British actress who won two Academy Awards before being elected to Parliament in 1992 and
2023-06-15 19:56
Regulators Are Stifling UK Economy, Warns Former EU Commissioner
Regulators Are Stifling UK Economy, Warns Former EU Commissioner
Growth in the UK and Europe is being choked off by the ballooning size of the regulatory state,
2023-06-15 19:49
UAE Lenders Fill Turkey Financing Void Left by Global Banks
UAE Lenders Fill Turkey Financing Void Left by Global Banks
United Arab Emirates-based banks are increasing loans to their Turkish counterparts, filling a gap left by Western lenders
2023-06-15 19:29
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