Another billionaire ‘steps in’ as Qatar’s Sheikh Jassim withdraws bid to buy Man Utd – Newstrends
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Another billionaire ‘steps in’ as Qatar’s Sheikh Jassim withdraws bid to buy Man Utd

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Another billionaire ‘steps in’ as Qatar’s Sheikh Jassim withdraws bid to buy Man Utd

QATARI banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, a source close to the deal told AFP on Saturday.

United announced nearly a year ago that they were exploring “strategic alternatives to enhance the club’s growth”, with a full sale one of the options.

Sheikh Jassim and British billionaire Jim Ratcliffe were the front-runners after several rounds of bidding earlier this year, but the process has stalled in recent months despite the anger of supporters towards current owners, the Glazer family.

The Daily Mail reported that Ratcliffe is now set to secure a 25 percent stake in the club for around £1.5 billion ($1.7 billion).

The Glazers have owned the English giants since a leveraged takeover in 2005 for £790 million saddled the club with huge debts.

Figures in March showed United’s debt has now grown to £970 million.

Sheikh Jassim’s bid was for full control of United and promised to clear the club’s borrowings.

Further talks this week broke down despite an improved bid believed to be around £5 billion.

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By contrast, Ratcliffe is reportedly willing to buy a smaller stake to break the impasse over the Glazers’ £6 billion asking price.

Founder of petrochemicals giant Ineos, Ratcliffe is a boyhood United fan and already has a portfolio of sports investments.

Ineos owns French club Nice and Swiss side Lausanne-Sport, as well as leading cycling team Ineos Grenadiers and is a major sponsor of the Mercedes Formula One team.

United’s fortunes on the field have also faded under the Glazers’ tenure.

The Red Devils have not won the Premier League since former manager Alex Ferguson retired in 2013 and last won the Champions League in 2008.

They currently sit 10th in the Premier League and have lost their first two Champions League group stage matches for the first time in the club’s history.

Fans have also been left frustrated at a lack of investment in United’s infrastructure over the past two decades.

Old Trafford remains the largest club football stadium in England, but is in need of significant redevelopment to keep pace with the facilities offered by their rivals.

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United’s home was overlooked in favour of Manchester City’s Etihad Stadium for the UK and Ireland’s successful bid to host Euro 2028.

The Sheikh Jassim deal also promised $1.7 billion to finance plans for a new stadium and training centre, as well investment in the transfer market on players.

But the bid by the son of a former Qatari prime minister raised concerns over the potential growth of state influence in the Premier League.

Reigning Premier League champions City’s fortunes have been transformed since a takeover from Sheikh Mansour, a member of Abu Dhabi’s ruling family, in 2008.

In 2021, the Saudi sovereign wealth fund also bought a controlling stake in Newcastle.

Amnesty International has called on the Premier League to tighten ownership rules to ensure they are “not an opportunity for more sportswashing”.

Another billionaire ‘steps in’ as Qatar’s Sheikh Jassim withdraws bid to buy Man Utd

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Arsenal climb to second in EPL with 1-0 win over Ipswich

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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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Ronaldo, Vinicius, Yamal win big at 2024 Globe Soccer Awards [Full list of winners]

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Ronaldo, Vinicius, Yamal win big at 2024 Globe Soccer Awards [Full list of winners]

The winners of the 2024 Globe Soccer Awards were unveiled Friday evening in Dubai, celebrating outstanding achievements in football over the past year.

The event honored players, managers, and clubs across various categories.

Real Madrid’s Vinicius Junior stole the spotlight, clinching both the Best Player and Best Forward of the Year awards, reinforcing his status as one of the world’s finest talents.

Cristiano Ronaldo, the legendary Al Nassr captain, added another accolade to his storied career by securing the Best Middle Eastern Player Award, while Barcelona’s teenage sensation Lamine Yamal was recognized as the Best Emerging Player of the Year.

Real Madrid’s Carlo Ancelotti was awarded Best Coach of the Year, and Jorge Mendes received the Best Football Agent Award, further cementing their influence in the football world.

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2024 Globe Soccer Award categories and winners

Alongside the standout men’s and women’s categories, here is a rundown of the other winners:

Best Men’s player (18 finalists): Vinicius Junior (Real Madrid)

Best Midfielder (11 nominees): Jude Bellingham (Real Madrid)

Best Forward (10 nominees): Vinicius Junior (Real Madrid)

Best Women’s player (12 finalists): Aitana Bonmati (Barcelona)

Best Men’s club (10 finalists): Real Madrid

Best Women’s club (4 finalists): Barcelona

Best Coach (7 finalists, all in men’s football): Carlo Ancelotti (Real Madrid)

Best Emerging player (7 finalists, all men): Lamine Yamal (Barcelona)

Best Agent (7 nominees): Jorge Mendes

Best Sporting Director (6 nominees): Piero Ausilio (Inter Milan)

Best Middle Eastern player (5 finalists): Cristiano Ronaldo (Al Nassr)

Best Middle Eastern coach: Jorge Jesus (Al Hilal)

Best Middle Eastern club (4 finalists): Al Ain

Revelation award: Olympiacos

Maradona Award: Jude Bellingham

 

Ronaldo, Vinicius, Yamal win big at 2024 Globe Soccer Awards [Full list of winners]

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Vinicius should have won Ballon d’Or, not Rodri – Ronaldo

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Vinicius Junior and Cristiano Ronaldo

Vinicius should have won Ballon d’Or, not Rodri – Ronaldo

Cristiano Ronaldo has reignited controversy surrounding the 2024 Ballon d’Or, accusing the organisers of unfairly denying Real Madrid star Vinicius Junior the prestigious honour.

Speaking at the Globe Soccer Awards in Dubai on Friday, the five-time Ballon d’Or winner openly criticised the decision to crown Manchester City’s Rodri as the year’s top player.

“In my opinion, he [Vinícius] deserved to win the golden ball [Ballon d’Or award],” Ronaldo declared on stage.

“It was unfair in my opinion. I say here in front of everybody. They give it to Rodri, he deserved it too, but they should have given it to Vinícius because he won the Champions League and scored in the final.”

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Rodri’s Ballon d’Or win, attributed to his pivotal role in Manchester City’s historic treble-winning season, has sparked ongoing debates.

Ronaldo’s remarks have added weight to criticisms that the award often overlooks key performances in favour of broader narratives.

Vinicius’ absence from the Ballon d’Or ceremony in Paris this October, along with his Real Madrid teammates, was widely interpreted as a silent protest against perceived biases in the voting process.

Despite missing out on the Ballon d’Or, Vinícius has enjoyed an exceptional year.

The 24-year-old Brazilian winger was crowned FIFA’s The Best Men’s Player earlier this year and was recently named the Best Men’s Player at the Globe Soccer Awards.

His consistent performances, including his decisive goal in the Champions League final, have cemented his reputation as one of football’s most dynamic players.

Cristiano Ronaldo, who received the Best Middle East Player Award during the ceremony, praised the Globe Soccer Awards for their fairness and transparency.

Vinicius should have won Ballon d’Or, not Rodri – Ronaldo

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