2023-04-29 16:56:18
The contenders for the takeover of Manchester United submitted a third offer on Friday evening. Qatar has officially applied, as has Jim Ratcliffe, boss of the Ineos group and OGC Nice. The Englishman may have found the right formula to seduce the Glazer brothers, according to the English press.
The outcome is getting closer for Manchester United. If, sportingly, the club is still in the race to grab a place in the Champions League next season, behind the scenes, the race for redemption continues.
Jim Ratcliffe, current owner of OGC Nice and CEO of Ineos, is still in the fight to buy Manchester United, his heart club. According to the Daily MailIneos have reportedly passed on an offer that values the club at more than £5 billion, or 5.65 billion euros. The English media reports that through its offerJim Ratcliffe plans to buy 69% of the shares of Manchester United and leave a minority share, or 31%, to the Glazer brothers, current owners of the club.
A duel between Ineos and Qatar worth several billion
A non-negligible advantage in the negotiations compared to the offer coming from Qatar via Sheikh Jassim Bin Hamad Al Thani, president of the Qatar Islamic Bank (QIB). The two candidates filed their third offer on Friday to buy the English club.
In terms of valuation, Jim Ratcliffe’s offer therefore seems to be superior to that of the Qataris as also reported by The Times. In effect, selon Sky Sports, the offer from Qatar is estimated at 5.7 billion euros but to completely buy the club. The sheikh’s offer would also include the repayment of the club’s 700 million euro debt.
Top Articles
1682790763
#Jim #Ratcliffes #offer #pole #ahead #Qatars #offer #buy #Manchester #United