Sheikh Jassim Bin Hamad Al Thani, Sir Jim Ratcliffe and Thomas Zilliacus have all submitted improved bids.
Shares of operator Manchester United Ltd. MANU fell 7.5%, compared with the S&P 500 index’s SPX gain of 0.3%. Citing unnamed sources, ESPN reported Monday that the revised bids for the club fall short of the valuation set by the American Glazer family, which owns Manchester United. However, there is still hope that a buyout can happen, according to the sources.
Qatar’s Sheikh Jassim Bin Hamad Al Thani, British billionaire Sir Jim Ratcliffe and Finnish entrepreneur Thomas Zilliacus have all submitted improved bids for Manchester United. The values of the bids have not been revealed. Ratcliffe is the chief executive of the chemical giant Ineos and the billionaire’s sporting links are strong: Ratcliffe, who ranks 27th on the Sunday Times Rich List, already owns the French Ligue 1 soccer club OGC Nice and the Ineos Grenadiers professional cycling team.
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