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Sir Jim Ratcliffe set to buy initial stake in Manchester United after outplaying Sheikh Jassim
Sir Jim Ratcliffe set to buy initial stake in Manchester United after outplaying Sheikh Jassim
Sir Jim Ratcliffe and Ineos are now in line to buy an initial 25 per cent stake in Manchester United, with the decision set to be ratified at a club board meeting this week. The billionaire petrochemicals mogul wants this to be a “path to a majority”, according to involved figures, and will already be seeking influence on football decisions. While Sheikh Jassim’s withdrawal was confirmed on Saturday evening, this has been interpreted as “face-saving”, as the ultimately underwhelming Qatari bid had been tactically outmanoeuvred by Ineos. It had long been felt by those with knowledge of Ratcliffe’s bid that Avram and Joel Glazer would ultimately never agree on a full sale now – preventing the unanimity required – which led the Ineos bid to pursue alternative options. Ratcliffe’s decision to go for a 25 per cent minority stake, valued at around £1.3bn, was seen as bringing a breakthrough in the last month while also staving off any concerns about legal challenges if he went for the Glazers’ 67 per cent. The owners of A shares had been willing to go to litigation if Ratcliffe only agreed to purchase the more powerful B shares, but he will now purchase a mix. Qatar never budged from only wanting a full sale but their offer of around £5bn was consistently seen as surprisingly low, and figures involved always found it confusing as to why the Jassim-fronted bid went no higher given the obvious prestige of such a club. One figure with knowledge of the Qatari side insisted that some of it came down to the perception of getting a good deal and not being seen to overpay. The irony is that one reason Joel and Avram Glazer have been so reluctant to sell is because they still expect an explosion in valuation over the next decade. Read More Sheikh Jassim withdraws from Manchester United takeover process Sheikh Jassim withdraws offer to buy Manchester United over Glazers’ high price Daniel James insists Wales can still qualify for Euro 2024
2023-10-15 06:16
George Kittle pays price for NSFW Cowboys troll
George Kittle pays price for NSFW Cowboys troll
George Kittle receives fine for 'abusive language' on shirt mocking the Dallas Cowboys.
2023-10-15 05:57
Italy ease past Malta to keep pressure on England in Euro 2024 qualifying
Italy ease past Malta to keep pressure on England in Euro 2024 qualifying
Italy secured a routine 4-0 victory over Malta to keep the pressure on England in Group C of the Euro 2024 qualifiers. Giacomo Bonaventura opened the scoring for the Italians for his first-ever international goal and Domenico Berardi then scored twice – either side of half-time – before Davide Frattesi added a fourth in added time. Ukraine picked up an important three points in a bid for their group-stage hopes after they ran out 2-0 winners over North Macedonia. Ukraine opened the scoring in rather fortunate fashion as an Heorhiy Sudakov effort from outside the area was heavily deflected into the net to make it 1-0. The Ukrainians had to wait till stoppage time to rubber stamp the points when Oleksandr Karavayev spotted goalkeeper Stole Dimitrievski off his line before firing home. In Group G, Hungary put themselves in the driving seat to qualify from the group after they defeated Serbia 2-1 at home. Barnabas Varga put the hosts ahead after 21 minutes and they were pegged back 12 minutes later through Strahinja Pavlovic, but Hungary instantly regained their lead when the ball fell for Roland Sallai, who let fly from 25 yards to win the match. Lithuania registered their first win of the qualifiers at the sixth attempt thanks to defender Pijus Sirvys’ double either side of half-time to beat 10-man Bulgaria 2-0. Three minutes after Adrian Kraev was sent off for a second bookable offence, Lithuania opened the scoring on the stroke of half-time after Sirvys bundled the ball home from a corner and he doubled their advantage 10 minutes after the break to pick up their first three points of the competition. In Group H, Northern Ireland wrapped up a 3-0 victory over lowly San Marino. Paul Smyth opened the scoring for the home side at Windsor Park in superb fashion with his scissor-kick from inside the area and they doubled their advantage six minutes later through Josh Magennis before adding a third – nine minutes from time – when Conor McMenamin netted his first international goal from close range. Slovenia strengthened their grip on qualifying following a 3-0 rout over Finland. Leipzig forward Benjamin Sesko netted twice in the first half, firstly from the penalty spot before he raced through on goal and buried his second and all three points were rubber stamped in stoppage-time thanks to Eric Janza’s strike. Denmark stayed level on points with Slovenia to occupy the top two spots after they earned a 3-1 win over Kazakhstan. Jonas Wind opened the scoring in Parken when he bundled home from close range and Robert Skov added a second before he latched onto Christian Eriksen’s through ball to slot home Denmark’s third. Read More New Zealand end Ireland’s World Cup dreams as quarter-final curse continues Ben Earl convinced England can prove critics wrong in last-eight Fiji showdown Sam Tomkins’ career ends with Grand Final loss to his former side Wigan Warren Gatland admits change of referee did not help Wales in Argentina loss Sheikh Jassim withdraws from Manchester United takeover process Emiliano Boffelli stars as Argentina send Wales home from World Cup
2023-10-15 05:46
Mexico presses Israel to open humanitarian corridor to Gaza
Mexico presses Israel to open humanitarian corridor to Gaza
MEXICO CITY Mexican Foreign Minister Alicia Barcena on Saturday urged Israel to open a humanitarian corridor to Gaza
2023-10-15 05:45
Alabama proves it’s not even a College Football Playoff sleeper against Arkansas
Alabama proves it’s not even a College Football Playoff sleeper against Arkansas
After being pushed to the brink by Arkansas, no, Alabama is not a College Football Playoff contender. They are going to lose at least one more game before decision day, aight.
2023-10-15 05:24
U.S. State Dept aware of 29 citizens dead and 15 missing - spokesperson
U.S. State Dept aware of 29 citizens dead and 15 missing - spokesperson
RIYADH Twenty-nine citizens of the United States have perished in Hamas attacks in Israel, a U.S. State Department
2023-10-15 05:17
Turbulent Bond Market Offers a Fleeting Glimpse of Cycle’s End
Turbulent Bond Market Offers a Fleeting Glimpse of Cycle’s End
Bond traders got a glimpse this week of what the eventual end of the Federal Reserve’s hiking cycle
2023-10-15 04:48
Trent Alexander-Arnold names teammates who have helped shape his play style
Trent Alexander-Arnold names teammates who have helped shape his play style
Trent Alexander-Arnold has revealed the teammates who have helped inspire his style of play.
2023-10-15 04:45
Thieves in Florida use tractor trailers to steal more than $1.6 million in alcohol from US distributor
Thieves in Florida use tractor trailers to steal more than $1.6 million in alcohol from US distributor
An investigation is underway in Florida after burglars used tractor trailers to steal more than $1.6 million worth of alcohol from a distribution company that carries brands including Jose Cuervo and Malibu.
2023-10-15 04:24
College football rankings: Should Georgia still be No. 1 over Michigan?
College football rankings: Should Georgia still be No. 1 over Michigan?
The Georgia Bulldogs are 7-0 and ranked No. 1, but some people may think the Michigan Wolverines are better. How wrong are they? Could Michigan overtake Georgia in the next AP Top 25 poll?
2023-10-15 04:23
Israel Is Preparing for ‘Significant’ Gaza Ground Operation
Israel Is Preparing for ‘Significant’ Gaza Ground Operation
The Israeli army said it’s making preparations for “significant ground operations” in Gaza, a week after Hamas militants
2023-10-15 04:18
3 reasons the Jets can upset the undefeated Eagles in Week 6
3 reasons the Jets can upset the undefeated Eagles in Week 6
The New York Jets face a tough test against the undefeated Philadelphia Eagles. Can they pull off an upset in Week 6?
2023-10-15 03:58
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