Sports
Sheikh Jassim, Ratcliffe make final bids for Man United
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The spending would include either redeveloping United’s outdated Old Trafford stadium or building a new ground, along with overhauling the club’s training facilities.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.
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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.
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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
Inter Milan crush Cagliari 3-0 to top Serie A
Inter Milan crush Cagliari 3-0 to top Serie A
Inter Milan made it three Serie A wins on the bounce, defeating Cagliari 3-0 at the Unipol Domus to claim top spot, overtaking Atalanta BC on goal difference.
Cagliari aimed to recover from their narrow loss to Venezia, but Inter’s arrival posed a daunting challenge, with the Scudetto contenders boasting an 11-match unbeaten league streak coming into the contest.
To their credit, the Isolani held firm early on, even as Lautaro Martínez squandered a golden chance from the edge of the six-yard box, misdirecting Nicolò Barella’s pinpoint cross with a header that grazed the top of the bar.
Despite Davide Nicola’s men testing the visitors’ resolve with swift counters at the other end, and Barella’s thunderous strike forcing a spectacular save from Simone Scuffet, neither side managed to break the deadlock before the interval.
As a result, Cagliari narrowly avoided trailing at half-time for a league-high 10th time, while Inter preserved their status as Serie A’s only team yet to be behind at the break this campaign.
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Inter Milan wasted little time after the restart, shattering Cagliari’s resistance when Alessandro Bastoni guided Barella’s cross into the far corner with a looping header beyond Scuffet’s reach.
Nicola introduced a pair of fresh legs around the hour mark, but it proved rather futile as Martínez found the net against his favourite Serie A opponents for the 10th time, effortlessly guiding Barella’s precise delivery from the right flank into the back of the net.
Mateusz Wieteska then handled the ball inside the area, allowing Hakan Çalhanoğlu to bury the ensuing penalty with aplomb into the left corner.
From there, Simone Inzaghi and his men coasted to full-time, wrapping up 2024 on a high note by claiming their 27th win this calendar year. The reigning champions are now unbeaten in 12 consecutive top-flight outings, having last fallen to rivals AC Milan back in September.
In stark contrast, Cagliari linger in the drop zone after suffering their 10th loss this campaign, with five of those now coming in succession – marking their worst losing streak since February.
Inter Milan crush Cagliari 3-0 to top Serie A
Sports
After six years, Nigeria qualify for CHAN, thrash Ghana 3-1
After six years, Nigeria qualify for CHAN, thrash Ghana 3-1
Nigeria’s Super Eagles B on Saturday night recorded an emphatic win over the Black Galaxies in the CHAN qualifier, beating their opponents 3-1.
The Super Eagles B have thus ended their CHAN misfortunes against Ghana, securing a resounding victory against the Black Galaxies in the match played at the Uyo Stadium, Akwa Ibom State.
This win marks Nigeria’s return to the African Nations Championship (CHAN) after a six-year absence, as they qualified for the tournament set to take place in Tanzania, Kenya, and Uganda from February 1-28, 2025.
The match, held on Saturday evening, witnessed a dominant performance by the Super Eagles B, who scored all three goals in a blistering first half display, with Remo Stars players the inspiration.
The opening goal came from Ismail Sodiq, assisted by Nduka Junior of Remo Stars, followed by a second from Nduka before Saviour of Rangers extended the lead at the break.
Despite Ghana pulling one back in the second half, Nigeria’s early lead proved insurmountable and too much for the Galaxies to overturn.
Historically, Ghana had been a formidable opponent for Nigeria in CHAN qualifiers, having thwarted their attempts to reach the finals in 2009 and 2023. Additionally, Ghana’s Black Stars denied Nigeria qualification for the 2022 FIFA World Cup, further intensifying their rivalry.
But this time around, Nigeria sealed the victory and ensured that Ghana would miss both the upcoming AFCON and CHAN tournaments.
The victory not only ends a frustrating streak against Ghana but also provides a platform for showcasing local talent on an international stage.
Sports
Arsenal climb to second in EPL with 1-0 win over Ipswich
Arsenal climb to second in EPL with 1-0 win over Ipswich
LONDON: Arsenal moved up to second place in the Premier League with a 1-0 home win against Ipswich on Friday.
Mikel Arteta’s side is six points behind leader Liverpool, which has a game in hand.
Second-bottom Ipswich had won two of its last three away games but was up against it from the start at the Emirates.
The visitors did not have one touch in the Gunners’ box during the first 45 minutes and, although Ipswich showed signs of life after the break, it was Arsenal which continued to dominate the game, marshaled by Declan Rice in midfield.
Kai Havertz got the only goal midway through the first half when he knocked in a cross from Leandro Trossard.
Havertz, Rice, Mikel Merino, Martin Odegaard and Gabriel Jesus all had chances but none of them could add to Arsenal’s tally.
“It’s so tough, every team is tough to break down,” Havertz said. “They fight for each other and at the end we’re very proud for the win.”
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Arsenal is a point above third-place Chelsea and two points clear of season surprise team Nottingham Forest in fourth.
Seagulls and Bees share the points on south coast
Brighton had most of the chances but could not find the net in a 0-0 draw with Brentford that extended the south coast club’s winless run to six league games.
It was a frustrating night for the home side and especially Julio Enciso. The Paraguay striker had a host of opportunities to score but couldn’t make them count.
Along with Southampton, Brentford has the worst away record in the league with seven losses and two draws and it was easy to see why in this toothless performance.
Brentford had an early goal from Yoane Wissa ruled out for offside and, although it came a bit more into the game in the second half, it failed to pressure Icelandic goalkeeper Hakon Valdimarsson, who made his Premier League debut eight minutes before halftime when Mark Flekken went off with a thigh injury.
One bright spot for the home side was the return of winger Solly March. He came on as a late substitute to make his first appearance for Brighton since injuring a knee against Manchester City 14 months ago.
The result leaves Brighton in 10th place with 26 points, one spot and two points ahead of the Bees.
Arsenal climb to second in EPL with 1-0 win over Ipswich
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