INEOS founder and Britain's richest man Sir Jim Ratcliffe has admitted negotiating with all of the Glazer siblings during the Manchester United takeover is difficult in extracts leaked from a new book.
13.06.2023 - 10:09 / manchestereveningnews.co.uk
Manchester United's share price has risen because traders are 'betting' on Sheikh Jassim bin Hamad al-Thani of Qatar acquiring the club.
It emerged on Monday that United's share price had risen to its highest price in a month, sitting at over $23 per share, and by Tuesday morning, the price increased again to $25 per share, which adds close to $1billion to the club's value.
Some have considered this an indication that Sheikh Jassim's bid will be successful. This is because the share price is a gauge of the perceived likelihood of a Qatar victory, as the bid is for 100 per cent of shares at Old Trafford.
Any Qatar takeover will pay out on New York-listed shares at a takeover price, which means traders are 'betting' on the Glazers selling the club to Sheikh Jassim, who has promised to clear all of United's debt in his proposal.
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United have been on the market since November when the Glazers announced they would be open to selling the club. Two leading bidders emerged in Sheikh Jassim and Sir Jim Ratcliffe, but, eight months on, there has yet to be a resolution.
Sheikh Jassim put in an improved bid in the past few days which is reported to be around £5billion but with the promise of £1bn in investment for the team and surrounding community. That offer is for total control at Old Trafford.
Ratcliffe's proposal is understood to be around for 60 per cent of the club and with the option that members of the Glazer family could remain involved in some capacity.
United fans have made clear their desire for a full buy-out from the Glazers, who became majority shareholders in 2005.
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Here are your Manchester United morning headlines for Wednesday, June 28.
Manchester United’s share price dipped to $21.82 on Monday, the lowest in a week, before rebounding again.
Former Manchester United captain Patrice Evra has called on the Glazers to decide on their preferred takeover bidder before the start of the 2023/24 season.
It's been more than seven months since Manchester United owners the Glazers announced plans to 'explore strategic alternatives' for investment, paving the way for a protracted takeover process which still seems some way from completion.
Manchester United fans have hijacked an Instagram post of Sheikh Jassim bin Hamad Al Thani with his family amid the ongoing takeover saga.
The Glazers are still mulling over how the Manchester United takeover process will conclude with Sheikh Jassim and Sir Jim Ratcliffe awaiting a response.
Manchester United's protracted takeover continues to rumble on and has reached its eighth month following the Glazers' announcement to "explore strategic alternatives for the club" back in November.
The Manchester United takeover saga continues to rumble on with seemingly no end in sight.
Manchester United's takeover saga continues to rumble on as this week with supporters still in the dark about where the ownership situation stands.
Prospective Manchester United owner Sheikh Jassim had a brief period as president of a Qatari club in the early 2000s.
Manchester United fans are still patiently waiting for a formal update on the proposed sale of the club.
Manchester United midfielder Fred may feel uneasy at the prospect of Sir Jim Ratcliffe becoming the club's next owner.
It is almost seven months since the Glazer family announced plans to either sell Manchester United or welcome fresh investment. The saga remains ongoing and supporters' patience is beginning to wear increasingly thin.
Brendan Rodgers has already warned Manchester United they could become Sheikh Jassim's "plaything" should his takeover bid for the club should prove successful.
Manchester United's takeover saga continues to be shrouded in confusion following claims Sheikh Jassim bin Hamad al-Thani has been granted exclusivity in the negotiations to take over.
Manchester United fans were left shocked on Monday evening after reports from Qatar suggested that Sheikh Jassim's bid had been successful and the takeover of their club by the banker would be announced 'soon'.
Here are your Wednesday morning Manchester United headlines.