November 29, 2023

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Report deal: Qatar’s Sheikh Jassim, Ratcliffe make last bids for Man United

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Sheikh Jassim’s bid consists of the 5 billion pound sum that may go to the sellers if profitable, plus extra quantities for membership amenities and different investments, one of many folks stated.

A transaction at that worth would rank because the largest-ever deal involving a sports activities franchise, surpassing the $4.65 billion paid final 12 months by a gaggle led by Walmart inheritor Rob Walton for the Nationwide Soccer League’s Denver Broncos. It will additionally high the pending $6 billion sale of the NFL’s Washington Commanders to a gaggle led by Apollo World Administration co-founder Josh Harris.

The third-round bids by the 2 rivals have been due in at 10 pm Friday in London time. Each events declined to remark.

The Glazer household, which at present owns Manchester United, employed funding financial institution Raine Group to drum up curiosity for the as soon as dominant English Premier League staff. The membership has floundered lately and been overshadowed by its crosstown rival, Manchester Metropolis.

Raine was additionally answerable for the sale of Chelsea FC final 12 months. Whereas Chelsea noticed a fierce struggle amongst bidders, Sheikh Jassim and Ratcliffe have been the one two events to publicly declare an curiosity in shopping for Manchester United, after rising rates of interest mixed with what many noticed as an extreme valuation put many bidders off.

Carlyle Group, Ares Administration and Elliott Funding Administration, have made separate bids for financing and minority stakes in Manchester United.

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