• Loading stock data...
Sunday, June 16, 2024

Manchester United Sale Finalist Still Confident

  • Qatar's Sheikh ­Jassim bin Hamad Al Thani believes that the Glazers will accept his reported bid of at least $6.2B.
  • Sheikh Jassim has flaunted the fact that he will not need to borrow money to pull off the purchase.
A view of the inside of Manchester United's Old Trafford.
MUFC

Reports earlier this week indicated that the Glazer family is close to securing minority investment in Manchester United — thus maintaining majority control of the club.

Nevertheless, one of the finalists to buy the team outright is still confident he’ll succeed.

Sheikh ­Jassim bin Hamad Al Thani — chairman of the Qatar Islamic Bank and a member of the Qatari royal family — believes that the Glazers will accept his reported bid of at least $6.2 billion to buy the majority stake in Man United.

Sheikh Jassim has flaunted the fact that he will not need to borrow money to pull off the purchase, while his fellow finalist, the British billionaire Jim Ratcliffe, would reportedly need to take on debt to finance his bid.

A third finalist to buy the team outright, Finnish billionaire Thomas Zilliacus, exited the bidding war after The Raine Group, the facilitator of the sale, asked for a third round of bids.

An outside view of Manchester United ground Old Trafford.

Glazers Move Closer to Outside Investment, Keeping Man United

The Glazers hope to double the value of the club.
April 17, 2023

The Carlyle Group, which is the largest private equity firm in the world, has previously expressed interest in buying a portion of the team, as have Elliott Investment Management, Ares Management Corporation, and Sixth Street Partners.

Shares likely to be sold are those owned by Kevin, Bryan, and Edward Glazer, and Darcie Glazer Kassewitz — all of whom have indicated they would sell for the right price.

Their siblings, Joel and Avram Glazer, are Manchester United’s co-chairmen and have shown reluctance to sell the team as the sale process has dragged on.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Back in the ’Burbs? Bears Weighing Renewed Stadium Interest from Cities

Two suburban jurisdictions renew their efforts to land the Bears, despite the team’s downtown stadium plans.

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

The newly established NHL franchise selects a color scheme and temporary name.

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.
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.

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.
June 11, 2024

Breakthrough? Tiger Says PGA Tour and LIV Golf Are Eyeing ‘End Game’

Woods called a recent meeting ‘productive.’
June 13, 2024

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 10, 2024

Salt Lake City’s $4B Olympics Price Tag Could Be a Bargain: Here’s Why

Utah is the preferred bidder for the 2034 Games.
June 7, 2024

New Era’s Acquisition of ’47 Set to Reshape Sports Apparel Market

New Era is set to acquire ’47 in a deal creating a combined operation with $2 billion in annual revenue.
June 5, 2024

One Year After ‘Merger,’ the PGA Tour and LIV Golf Still Remain Far Apart

Leaders of the tours struck an agreement exactly one year ago.
June 4, 2024

Breaking Down the Winners and Losers of Mbappé to Real Madrid

Mbappé’s new contract at Madrid is for five years.