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Reuters – Jim Ratcliffe’s company INEOS officially announced on Tuesday, months after it said it was considering selling the club as the club’s owners, the Glazer family, explore “strategic options”. entered the bidding process to buy Manchester United.
If the Glazers decide to sell the Premier League club, the possible buyers are:
Jim Ratcliffe
British billionaire Ratcliffe, a longtime fan of the 20-time British champion, expressed interest in August, but two months later, when he contacted his family, the Glazers announced that the Premier League side had sold. I was told that it had not been issued to
On Tuesday, his company INEOS officially entered the bidding process.
Ratcliffe tried unsuccessfully to buy London club Chelsea last year, but was eventually bought by an investment group led by American Todd Boley and Clearlake Capital.
Ratcliffe’s name has raised concerns that he may be undervalued by some analysts’ estimates of the club’s worth of over $4.5 billion, but United fans see him as a welcome figure to many. It was widely mentioned among
middle east investor
United’s local rivals Manchester City are funded by Abu Dhabi United Group, and Saudi Arabia’s Public Investment Fund has completed its £300 million takeover of Newcastle United in 2021.
Paris Saint-Germain is owned by Qatar Sports Investments (QSI) and rumors are swirling that an investor from another Gulf country may be keen to buy United.
Bloomberg News reported earlier this week that United, Tottenham Hotspur or Liverpool are among QSI’s acquisition targets.
However, the Spurs said, “There is no truth to the reports that a meeting has taken place regarding the sale of the club’s shares.”
Saudi Arabia’s sports minister, Crown Prince Abdulaziz bin Turki Al-Faisal, has confirmed to Sky Sports that Saudi Arabia intends to buy United.
The Times, which first reported that Ratcliffe’s INEOS had entered the tender, said it expected interest from the US and Asia.
red knights
In 2010, the Red Knights, a group involving former English Football League chairman Keith Harris, then-Goldman Sachs chief economist Jim O’Neill, and British investor Paul Marshall, announced that the “media put the club’s takeover plans on hold due to ‘speculation’. Inflated valuation aspirations. ”
O’Neal and Marshall wrote to United co-chairman Joel Glaser calling for immediate corporate governance reform in 2021.
The Manchester Evening News reported in November that O’Neill could consider a buyout, but only if the Glazers lower their current “unrealistic” demands.
Asked by the BBC at the time if he would need to raise £4bn to buy United, O’Neill said: “I don’t know if it will necessarily be all that, but we’ll see.
(Reporting by Manasi Pathak and Shrivathsa Sridhar from Bangalore; Editing by Elaine Hardcastle)
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