Bidding process for Man United enters third round
Rival bidders for Manchester United have been invited to submit a third offer by the end of April, according to reports.
Qatari banker Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani and British billionaire Jim Ratcliffe both submitted a second bid for the Premier League club last month.
Several offers are understood to have been received in recent weeks but Sheikh Jassim and Ratcliffe remain the front runners to buy United should the Glazers give up control of the club they bought in 2005 for £790 million ($980 million).
United’s unpopular owners announced in November they were conducting a strategic review, with the sale of the club one option being considered.
The Qatari group has reportedly made an offer of about £5 billion for 100 percent ownership of the club while Ratcliffe, a boyhood United fan, wants to buy the combined Glazer shareholding of 69 percent.
The Americans’ asking price is believed to be around $6 billion — a figure that would make the 20-time English champions the most expensive sports club in history.
Finnish entrepreneur Thomas Zilliacus last month entered the race and US hedge fund Elliott Investment Management is understood to have made a bid for a minority stake.
The Glazers have angered many United supporters by saddling the club with huge debts over the past 18 years.
They appeared ready to cash out at an enormous profit when they invited external investment in November but they could yet shun the option of selling a controlling stake.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]
Lionel Messi’s return to Barcelona now possible
The return of Lionel Messi to his club FC Barcelona is now possible. According to Relevo, La Liga has accepted...
NLC shuns meeting with Nigerian government, gives condition for workers not to shut down economic activities on Wednesday
The Nigeria Labour Congress (NLC) declined to take part in the meeting with the Federal Government delegation scheduled for Sunday,...
Drama as school reportedly bans Bible for Condemning ‘s3x’
The Davis School located at north of Salt Lake City, has banned the use of the Bible for students until...
Rivers police kill three cultists, recover charms, ammunition
The Rivers State Police Command said its men killed three suspected cultists during a shootout in Udebu Community in Ahoada...
8 things to know about Sweden sex competition
Sweden has officially announced sex as a sport. The country becomes the first nation to register sex as a sport...
“His mum has done well”- Video of Burna backing sister after show goes viral
Burna Boy, a celebrated singer from Nigeria, spends his off-stage time being a good brother to his sisters. People were...
Don Jazzy expresses pride in Davido as he recounts his first meeting with him, calls him his mentor
Music executive, Don Jazzy has expressed pride in singer, Davido following a video of him describing Don as his mentor....
IPOB backs Enugu governor to end Monday sit-at-home
The Indigenous People of Biafra has backed the Enugu State governor, Dr Peter Mba, on his commitment to end the...
Tonto Dikeh to gift 3 lucky fans cosmetic procedures
Nollywood actress, Tonto Dikeh says three lucky fans will enjoy an all-expense paid cosmetic procedure from Realign Aesthetic Clinic as...
Davido’s babymama, Sophia Momodu faces baclash as she takes daughter Imade to swimming pool
After posting a video of her daughter Imade swimming in a pool, Davido’s babymama, Sophia Momodu, stirred controversy. Imade, Davido’s...