Ineos’s bid values Manchester United at more than 5 billion pounds: The Times

Posted on:
Key Points

Jim Ratcliffes Ineos has outbid a Qatari group led by Sheikh Jassim bin Hamad al-Thani in the battle to buy Manchester United, The Times reported on Saturday, citing sources...

Earlier in the day, Sheikh Jassim Bin Hamad Al Thani, the son of Qatars former prime minister, submitted his final bid for the entirety of Manchester United just before Fridays deadline, a person familiar with the matter told Reuters...

In addition to offering a figure to buy the English Premier League soccer club, Sheikh Jassims proposal also includes a plan for a further significant amount of additional capital and infrastructure investment, the source told Reuters, requesting anonymity because the matter is confidential...

Manchester Uniteds American owners launched a formal sale process late last year and have received several bids, including from British billionaire Jim Ratcliffe, founder of chemicals producer INEOS, and Finnish businessman Thomas Zilliacus...

Any sale of Manchester United would likely exceed the biggest sports deal so far, the $5.2 billion including debt and investments paid for Chelsea, sources told Reuters previously...

You might be interested in

Manchester United shares plummet around 10% as Ratcliffe's stake bid report dents soccer club buyout hopes

16, Oct, 23

International Business News: Manchester United shares plummeted by 10% as British billionaire Jim Ratcliffe expresses interest in purchasing a 25% stake in the club. This potentia

Manchester United negotiating exclusivity with Qatar’s Sheikh Jassim in $6 bn-plus sale talks, say sources

16, Jun, 23

English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in the talks to sell itself for more than $6 billion, people familiar with the matter said on June 15.

Sir Jim Ratcliffe completes deal to buy Manchester United 25% minority stake

24, Dec, 23

The British billionaire Sir Jim Ratcliffe has spent just over £1bn to acquire up to 25% of Manchester United and gain control of football operations

Manchester United announces deal to sell up to 25% of EPL club to UK billionaire Jim Ratcliffe

24, Dec, 23

British billionaire Jim Ratcliffe, owner of petrochemicals giant INEOS, has agreed to purchase a minority stake of up to 25 percent in Manchester United for USD 300 million. Ratcliffe, one of Britain's wealthiest individuals, will also take responsibility for the club's soccer operations as part of the deal. Born in Greater Manchester, Ratcliffe had initially bid for the majority share of American owners, the Glazers.

Manchester City becomes most valuable football club in Europe after replacing Real Madrid: report

08, Jun, 23

Manchester City came out on top in Football Benchmark report with a valuation of 4.073 billion euros. Real Madrid’s value was at 4.006 billion euros