MANCHESTER, March 23 — The battle to buy Manchester United heated up on Wednesday as Qatari banker Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe returned...
MANCHESTER, March 23 — The battle to buy Manchester United heated up on Wednesday as Qatari banker Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe returned with second bids for the English giants.
Sheikh Jassim’s bid for 100 per cent control of the club promises to wipe United’s US$620 million debt and invest in a new stadium and training ground, in addition to backing for the men’s and women’s teams. “How do you decide the price of a painting? How do you decide the price of a house? It’s not related to how much it cost to build or how much it cost to paint,” Ratcliffe told the“What you don’t want to do is pay stupid prices for things because then you regret it subsequently.”
However, they could yet shun the option of selling a controlling stake in the club with other parties interested in a minority shareholding. Just months after hosting the 2022 World Cup, a successful Qatari bid would give the Gulf statea place in the Premier League — the world’s most-watched domestic competition.Sheikh Jassim is the son of former Qatari Prime Minister, Sheikh Hamad bin Jassim bin Jaber Al Thani, and his close links to the gulf state’s ruling elite would raise questions over another Premier League club becoming a state-backed project.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ratcliffe will not pay ‘stupid price’ for Man UnitedLONDON, March 22 — Prospective Manchester United owner Jim Ratcliffe says he will not pay a “stupid” price for the Premier League giants, with more bidders expected to enter...
Read more »
Ratcliffe will not pay ‘stupid price’ for Man UnitedLONDON, March 22 — Prospective Manchester United owner Jim Ratcliffe says he will not pay a “stupid” price for the Premier League giants, with more bidders expected to enter...
Read more »
Soccer-Ratcliffe won't pay 'stupid' price for Man Utd(Reuters) - British billionaire Jim Ratcliffe has said he does not want to pay a 'stupid' price for Manchester United ahead of Wednesday's deadline for second offers for the Premier League club.
Read more »
Ratcliffe will not pay ‘stupid price’ for Man UtdLONDON: Prospective Manchester United owner Jim Ratcliffe says he will not pay a “stupid” price for the Premier League giants, with more bidders expec...
Read more »
Soccer-Fulham's coach Silva and striker Mitrovic charged after Man United tie(Reuters) - Fulham striker Aleksandar Mitrovic is facing a lengthy ban after the Football Association said the standard punishment for his dismissal during their 3-1 FA Cup quarter-final defeat by Manchester United would be 'clearly insufficient'.
Read more »
Xi, Putin hail ‘new era’ of ties in united front against WestMOSCOW, March 22 — The leaders of China and Russia hailed a “new era” in their relationship on Tuesday, putting on a united front in Moscow as Vladimir Putin accused the West...
Read more »