Sheikh Jassim, Ratcliffe make final bids for Man United – Newstrends
Connect with us

Sports

Sheikh Jassim, Ratcliffe make final bids for Man United

Published

on

Sheikh Jassim, Ratcliffe make final bids for Man United

Qatari banker Sheikh Jassim bin Hamad Al Thani and British billionaire Jim Ratcliffe made their third and final offers to buy Manchester United on Friday.

Sheikh Jassim is in a bidding war with Ratcliffe after the pair emerged as the main contenders to buy the Premier League club from the Glazer family.

While Sheikh Jassim’s latest offer is reported to be over £5 billion ($6.2 billion), the size of Ratcliffe’s improved bid was yet to be made public when Friday’s deadline for the third round of bidding passed at 2100 GMT.

Sources said Sheikh Jassim’s bid for 100 per cent control of the club comes with the promise of significant additional funding for transfers and infrastructure.

The spending would include either redeveloping United’s outdated Old Trafford stadium or building a new ground, along with overhauling the club’s training facilities.

Sheikh Jassim’s bid also promises to erase United’s $620 million debt.

INEOS chemical company founder Ratcliffe, a boyhood United fan who failed in his attempt to buy Chelsea last year, reportedly wants to purchase a controlling stake in United of more than 50 per cent.

READ ALSO:

That would allow United’s executive co-chairmen Joel and Avram Glazer to remain as shareholders with a 20 per cent stake, which has raised concerns among a fanbase tired of the Americans’ controversial reign.

The Glazers reportedly want a world record £6 billion fee for a sports club before they agree to sell the Old Trafford outfit, raising the possibility they might not accept either Sheikh Jassim’s offer or Ratcliffe’s approach.

Deeply unpopular with supporters since they saddled the club with debt in a £790 million leveraged takeover in 2005, the Glazers appeared ready to cash out at an enormous profit when they first invited external investment in November.

However, Elliot Investment Management and The Carlyle Group are among the private equity firms in the market for a minority stake that could allow the Glazers to retain control and provide the funding for investment in the club’s infrastructure.

Avram and Joel Glazer are reportedly keen to hold on to their stakes in United, while siblings and fellow directors Kevin, Bryan and Edward Glazer and Darcie Glazer Kassewitz are open to offloading their shares.

Offers from the last round of bidding, a process run for the Glazers by New York merchant bank the Raine Group, were believed to have been worth a maximum of £5 billion.

That would have smashed the Premier League record of £2.5 billion paid for Chelsea last year by a consortium led by Los Angeles Dodgers co-owner Todd Boehly and private equity firm Clearlake Capital, with a further £1.75 billion promised in investment in infrastructure and players.

‘Dire need’

The Manchester United Supporters’ Trust (MUST) has called for a swift conclusion to the process to allow new owners to be in place for the summer transfer window.

“We are in dire need of new investment, which undoubtedly requires new ownership. MUST, along with United fans all around the world, are calling for this process to be concluded without further delay,” the fans’ group said in a statement.

READ ALSO:

United fans are believed to be planning a protest against the Glazers ahead of Sunday’s match with Aston Villa at Old Trafford.

Decade of decline

Under the Glazers’ ownership, United have been in a steady decline on and off the field over the past decade.

The Red Devils have not won the Premier League title since former manager Alex Ferguson retired in 2013, while the club’s revenue has fallen behind local rivals Manchester City and Liverpool due to a lack of regular Champions League football and a failure to modernise Old Trafford.

But they are enjoying a renaissance under Erik ten Hag’s management this season, having ended a six-year trophy drought by lifting the League Cup in February.

They also face Manchester City in the FA Cup final on June 3.

Just months after hosting the 2022 World Cup, a successful Qatari bid would give the Gulf state pride of place in the Premier League — the world’s most-watched domestic competition.

But Sheikh Jassim is the son of former Qatari prime minister Sheikh Hamad bin Jassim bin Jaber Al Thani, and his close links to the gulf state’s ruling elite would raise questions over another Premier League club becoming a state-backed project.

Finnish tycoon Thomas Zilliacus is the outside contender, having recently said his offer from the second round of bidding still stood despite labelling the prolonged sale process as a “farce”.

Sheikh Jassim, Ratcliffe make final bids for Man United

AFP

Sports

UCL: Füllkrug gives Dortmund 1-0 first-leg win over PSG

Published

on

UCL: Füllkrug gives Dortmund 1-0 first-leg win over PSG

Jadon Sancho put in a performance of a lifetime as Borussia Dortmund’s Niclas Füllkrug fired in a first-half goal to seal a 1-0 victory over visitors Paris St Germain in a compelling Champions League semi-final first leg on Wednesday.

Nico Schlotterbeck floated a pass into Füllkrug’s path and the Germany forward controlled the ball with a perfect first touch before drilling a low shot past keeper Gianluigi Donnarumma in the 36th minute.

PSG, fresh from being crowned Ligue 1 champions and desperate to win their first-ever Champions League trophy, found it hard going against a disciplined German defence, especially in the first half with forward Kylian Mbappe largely neutralised.

With the return leg in Paris next Tuesday, the winner of the tie will face either Bayern Munich or Real Madrid, who drew 2-2 in their first leg in Germany, in the final at Wembley on June 1.

“It was a well-deserved win, a good team performance,” said Dortmund coach Edin Terzic. “We could have scored more goals, but so could they.”

“That’s why the result is OK from my point of view. We ran a lot, but that’s necessary in a game like this.”

READ ALSO:

“You have to earn your way to Wembley. All we need now is a draw in the second leg, but we also want to win next week.”

The win also confirmed Germany will get a fifth qualifying spot for next season’s Champions League, with Dortmund being the main beneficiaries at the moment, sitting in fifth place in the Bundesliga with three games left to play.

Dortmund went close just before halftime with Marcel Sabitzer but Donnaruma blocked his shot. The French side improved after the break and went agonisingly close to an equaliser in the 52nd minute with Mbappe curling a shot onto the far post and then Achraf Hakimi also hitting the woodwork on the rebound.

Four minutes later Fabian Ruiz saw his stooping header sail wide after being left completely unmarked in the box before Dortmund keeper Gregor Kobel kept out Ousmane Dembele’s close range effort in the 71st.

Dortmund, winners in 1997 and looking to reach their first final since 2013, soaked up the pressure as PSG’s Vitinha narrowly missed the target 10 minutes later.

The German team defeated Spanish opposition, Atletico Madrid 5-4 on aggregate to reach the semis and would hope to do so to get pass PSG in Paris.

UCL: Füllkrug gives Dortmund 1-0 first-leg win over PSG

Continue Reading

Sports

UCL: Vinicius scores double as Real Madrid hold Bayern Munich in semi-final showdown

Published

on

UCL: Vinicius scores double as Real Madrid hold Bayern Munich in semi-final showdown

In Tuesday’s Champions League semi-final first leg, Real Madrid forward Vinicius Junior scored double, including an 83rd-minute equalizing penalty, to secure a 2-2 draw at Bayern Munich.

Vinicius gave Real the lead after 24 minutes, but Bayern took control of the game in four second-half minutes, with Leroy Sane scoring and Harry Kane converting a penalty.

Kim Min-jae practices judo. shoved Rodrygo in the box with eight minutes remaining, and Vinicius stepped up, drowning out a chorus of shouts and whistles to blast home.

The draw puts Madrid in the driving seat ahead of next week’s return leg at the Santiago Bernabeu. Bayern, who dominated large parts of the match, will still have hopes of making it to Wembley’s final in June.

Before the match, the Bayern fans unveiled a giant banner depicting Franz Beckenbauer which spanned all the way from the grass to the rafters. It was a fitting tribute on a night featuring the most-played fixture in European Cup history.

Famed for their composure on the biggest of stages in this competition, the 14-time winners struggled early, Bayern dominating possession and field position while spurred on by a ferocious home crowd.

READ ALSO:

Sane had a chance after just 40 seconds and another minutes later, while Kane chipped a shot from halfway just over the bar as the leggy visitors struggled to cope.

Madrid’s continued success in this competition, including in their quarter-final win over Manchester City, has been built on absorbing pressure before striking.

The visitors repeated the trick for the opener, breaking Bayern’s dominance in ruthlessly simple fashion while showing the hosts how easy scoring goals can be.

Toni Kroos collected the ball from a corner and drilled a defence-splitting pass along the ground which found Vinicius galloping in acres of space on the penalty arc.

Without a Bayern player in range, Vinicius calmly slotted the opener past a helpless Manuel Neuer, changing the complexion of the match completely.

Bayern, who have six European Cups of their own, were not awed and continued to push but could not break through; their best chance of the remainder of the half came through a free kick, with Kane finding a huge gap in the wall but blasting wide.

With Real seemingly in cruise control, Bayern grabbed hold of the match early in the second-half, scoring twice in four minutes.

Eric Dier found Sane down the right flank. The Germany winger, who had missed several chances in the first half, dribbled into the box before unleashing an unstoppable rocket at the near post, his first goal for Bayern in any competition since October.

The hosts’ next attack came down the left, with the ever dangerous Jamal Musiala felled by Lucas Vazquez in the box. Referee Clement Turpin pointed straight to the spot and Kane had no hesitation either, sending Andriy Lunin the wrong way to take the lead.

With Bayern in control, Real went on the counter and it was Kim’s turn to give away a clumsy penalty, with Vinicius confidently slotting in the equaliser.

UCL: Vinicius scores double as Real Madrid hold Bayern Munich in semi-final showdown

(AFP)

Continue Reading

Sports

Finidi George appointed Super Eagles head coach

Published

on

Finidi George appointed Super Eagles head coach

The Nigeria Football Federation has appointed Finidi George as the new head coach of the Super Eagles.

Finidi’s appointment was announced on Monday as obtained via the official website of the NFF.

George had served as assistant to former coach Jose Peseiro for 20 months before assuming interim leadership of the senior national team in March this year.

The statement read in part, “The Board of Nigeria Football Federation on Monday approved the recommendation of its Technical and Development Committee to appoint former ace winger Finidi George as Head Coach of the Senior Men National Football Team, Super Eagles.”

Continue Reading

Trending

Skip to content