The soccer world is awaiting news on the rival bids for the famous club
British billionaire Sir Jim Ratcliffe has submitted a revised bid for Manchester United, his representatives have confirmed to MarketWatch Friday.
, which has been owned by the American Glazer family since 2005. Shares of operator Manchester United Ltd. MANU rose 1% premarket Friday after ending Thursday’s session down 7.3%. Ratcliffe and rival bidder Sheikh Jassim Bin Hamad Al Thani are vying to take control of the club, with the Independent reporting that the offers will be more than $6.2 billion.Sheikh Jassim is the chair of Qatar Islamic Bank and the son of a past prime minister of Qatar.
The latest developments in the takeover saga could reflect a desire on the part of the American Glazer family, which owns Manchester United, to drive up the value of the bids. Earlier this week the Caught Offside website described the possibility of an extra bidding stage to create “competitive tension” among the bidders, citing unnamed sources.The Glazers have come under intense pressure to sell the iconic English football club amid ongoing fan frustration over what is seen as underperformance.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manchester United stock tumbles as takeover drama continuesMarketWatch understands that Manchester United extended Wednesday's deadline for bids.
Read more »
Manchester United stock jumps after report of ‘world record bid’ for the clubThe bid would top the record $4.65 billion paid last year for the NFL’s Denver Broncos.
Read more »
Finnish businessman Zilliacus ready to pay premium for Manchester UnitedFinnish entrepreneur Thomas Zilliacus has placed a bid for Manchester United and is willing to pay a premium for the English soccer club, the former Nokia executive told Reuters on Thursday.
Read more »
Founder of surf wear brand Ocean Pacific, Jim Jenks, remembered for influence on California surf cultureOP was the staple brand for the California surfer in the ’70s and ’80s, known for its iconic corduroy shorts. But the brand, with Jenks at the helm, went beyond fashion.
Read more »
Jim O'Donnell: Sampson and Houston vs. Alabama for the NCAA title would sour the SweetJim O'Donnell says it wouldn't be a good look for the NCAA national championship game to feature either slide-and-hide programs of Houston and Alabama. That would not be recommended family viewing on CBS.
Read more »
Yellen's comments rattled the market, not the Fed rate hike, Jim Cramer saysThe Federal Reserve's quarter-point rate hike 'seems just right,' said CNBC's Jim Cramer.
Read more »