• Loading stock data...
Friday, June 14, 2024

Man United Bids Reportedly Fall Short of Glazers’ Asking Price

  • The Glazer family is reportedly looking for $7.4 billion to sell the club.
  • Qatar's Sheikh ­Jassim bin Hamad Al Thani, British billionaire Jim Ratcliffe, and Finnish entrepreneur Thomas Zilliacus are the public finalists
A view of Manchester United stadium, Old Trafford
Manchester United

The new bids to buy Manchester United are in — and they’re reportedly lower than the Glazer family’s asking price.

Although Man United’s current owners want approximately $7.4 billion, it doesn’t preclude an eventual sale.

Both Qatar’s Sheikh ­Jassim bin Hamad Al Thani and British billionaire Jim Ratcliffe — the initial two public finalists to buy the storied club — increased their offerings from around $5.6 billion, but remained below the $7.4 billion threshold, according to ESPN .

Finnish entrepreneur Thomas Zilliacus, who entered the fray after the bid deadline was extended last week, also reportedly lodged a bid whose value is unknown.

A view of the Manchester United stadium

Manchester United Extends Sale Deadline, New Bidder Emerges

On Thursday, Finnish entrepreneur Thomas Zilliacus announced his bid for Manchester United.
March 23, 2023

Before the deadline extension, Sheikh Jassim and Ratcliffe both submitted bids exceeding $6.2 billion — which alone would make the sale the most expensive ever for a sports team.

While that could be seen as a disappointment to the Glazers, one of the bidders is possibly closer than previously thought. According to Sportico, Sheikh Jassim’s bid is “in the ballpark” of the Glazers’ asking price — and Ratcliffe couldn’t match it.

It now falls to U.S. bank the Raine Group — which is facilitating the sale — to either request another round of bidding or name a preferred bidder.

Man United expects to have “clarity” on the ownership situation by season’s end in late May.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rays Nearing $1.3B Stadium Deal, Clear Path to St. Pete Commitment

The St. Petersburg city council gives preliminary approval to the Rays’ $1.3 billion stadium project.

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.

Wimbledon’s Record $64M Prize Pool Spurs Tennis-Wide Pay Increase

The oldest of the tennis Grand Slams raises its prize fund to a record $64 million.
podcast thumbnail mobile
Front Office Sports Today

How the US Open is Designed for Drama

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Done Deal: Utah Hockey Club Unveils Identity, Colors, and Jerseys

The newly established NHL franchise selects a color scheme and temporary name.
Jan 21, 2023; Philadelphia, Pennsylvania, USA; Philadelphia Eagles owner Jeffrey Lurie walks off the field after win against the New York Giants during an NFC divisional round game at Lincoln Financial Field.
June 6, 2024

Report: Jeffrey Lurie Exploring Sale of Eagles Minority Stake

A sale would be based on a $7.5 billion team valuation.
June 10, 2024

Real Madrid Flees From Boss’s Claim It Won’t Play in FIFA’s Troubled Club World Cup

Carlo Ancelotti originally said his team won’t play in the U.S. tournament next summer.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
Jan 11, 2020; Austin, TX, USA; Mike Bloomberg kicks off his presidential campaign in Austin on Saturday, January 11, 2020.
June 6, 2024

Report: Michael Bloomberg Joins Battle for Timberwolves Ownership

The former New York City mayor is worth roughly $106 billion.
Jun 2, 2024; Cumberland, Georgia, USA; Oakland Athletics shortstop Max Schuemann (12) waits for the pitch from the Atlanta Braves during the eighth inning at Truist Park.
June 6, 2024

After Vegas Move, A’s Want to Play More Games Outside Vegas

Team proposed playing twice as many neutral-site games as teams typically negotiate.
Premier League champion banner outside of Manchester City's Etihad Stadium
June 5, 2024

Premier League Faces Legal Attack From Most Dominant Club

Manchester City argues independent reviews of sponsorships by owner-tied companies are unfair.
June 4, 2024

Want to Attend Utah NHL Games? Local Residents Will Have an Edge

The newly relocated NHL franchise has much more demand for tickets than capacity at the Delta Center.