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Date: 2023-12-06 15:41:13 | Author: Online Slots | Views: 153 | Tag: hot
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Nearly a year after Manchester United was put up for sale, the storied English hot soccer club could still remain in the hands of the Glazer family — much to the dismay of the team's most fervent supporters hot
News on Saturday that Qatari banker Sheikh Jassim bin Hamad Al Thani was withdrawing from the bidding process appeared to leave the door open for British billionaire Jim Ratcliffe hot
However, the owner of petrochemicals giant Ineos is reportedly only looking to buy a minority 25% stake in United, which would leave the Glazers as majority shareholders hot
“Someone coming in as a minority partner and propping up the Glazers indefinitely is a nightmare scenario,” Manchester United Supporters Trust spokesperson Chris Rumfitt told The Associated Press hot
“What the club needs is real change and it needs real investment and we struggle to believe that can happen whilst the Glazers own the majority of the shares permanently hot
Twenty-five percent for Ratcliffe could be OK, but only if it was the start of a clear path to 51% hot
"FOR SALE?The Glazers, an American family that also owns the NFL's Tampa Bay Buccaneers, announced plans last November to seek new investment and instructed U hot
S hot
merchant bank Raine to oversee the process, which included the potential of a full sale hot
RecommendedLow-level offenders to be spared jail to free up space in overcrowded prisonsCritical lessons from the Yom Kippur war, 50 years on – and why it matters todayTrump judge imposes partial gag order ahead of Jan 6 trial – latestRaine had previously conducted the sale of Chelsea to Todd Boehly and Clearlake Capital for 2 hot
5 billion pounds ($3 billion) plus a commitment of 1 hot
75 billion pounds ($2 billion) of further investment hot
While the Glazers were prepared to consider offers for an outright buyout, United said at the time it planned to “explore strategic alternatives,” which always included the possibility of taking on new investment without the owners ceding control hot
The late tycoon Malcolm Glazer bought United in 2005 for 790 million pounds (then about $1 hot
4 billion) hot
United supporters have been critical of the leveraged nature of the Glazers’ buyout that loaded debt onto the club, as well as a perceived lack of investment and the dividends taken out by the owners hot
The team still had a series of successes on the field hot
Under the Glazers, United won the Champions League title in 2008, five Premier League titles, one FA Cup, five League Cups and the Europa League hot
INTERESTED PARTIESRatcliffe, who was born in the Manchester area and has been a United fan since childhood, has long-harbored ambitions to buy the club hot
Through Ineos, he initially planned to buy out the Glazers' share of about 69% and spoke of a “modern, progressive, fan-centered approach to ownership hot
”He was also focused on helping United win the Champions League for the first time since 2008 and making it the “No hot
1 club in the world once again hot
”Sheikh Jassim is the chairman of Qatar Islamic Bank and the son of a former Qatari prime minister hot
He was bidding to take 100% ownership of United, which appealed to fans who are desperate to rid the club of the Glazers hot
He also vowed to clear the team's debt, while investing in the stadium, training center and playing squads in a bid to “return the club to its former glories both on and off the pitch hot
”Ratcliffe and Sheikh Jassim were the only two bidders to publicly declare their intention to take control of United, while other minority investors were also reported hot
DELAYSIt was anticipated the process would be concluded in time for the off-season transfer window, which opened in June, after a series of rounds of bidding hot
It appeared to be a straight battle hot between Ratcliffe and Sheikh Jassim over who would be chosen as the preferred bidder hot
But as the process dragged on, fans became increasingly impatient and staged protests outside Old Trafford, while chants of “Glazers out” are regularly heard at games at the stadium hot
News of Sheikh Jassim's plans to withdraw came after months of silence and uncertainty around the process, which raised questions about whether the Glazers intended to sell hot
BREAKDOWNOn Saturday, the news came that Sheikh Jassim was withdrawing from the process hot
While the size of his bid was not confirmed, a person with knowledge of his proposal told the AP it was almost double United’s current market valuation of $3 hot
2 billion hot
The person spoke on condition of anonymity because of confidentiality restrictions around the process hot
While concerns had been raised about Qatar’s human rights record and the potential that United could be used as a “hot sportswashing” project, fans wanted to see the club compete with the exorbitant spending of Abu Dhabi-backed Manchester City hot
RATCLIFFE'S CREDENTIALSRatcliffe is one of Britain's richest people and is said to be worth $15 hot
1 billion hot
He previously tried to buy Premier League club Chelsea and already owns French club Nice, cycling franchise Team INEOS, is one-third shareholder of the Mercedes-AMG Petronas Formula One team and competes in the America’s Cup with sailing team INEOS Britannia hot
Reports say he would seek to take over hot soccer operations at United after a sustained period of decline since the retirement of former manager Alex Ferguson hot
United has not won the Premier League since Ferguson's last title in 2013 hot
Over the past decade, the club has been overtaken by City, which won three trophies last season — the Premier League, Champions League and FA Cup hot
Liverpool has also won the Premier League and Champions League in recent years hot
United has endured a turbulent period the post-Ferguson era hot
Erik ten Hag is its fifth permanent manager in that time hot
Under Ten Hag, United won the English League Cup last season and secured a return to the Champions League hot
But the team has struggled this season and is currently in 10th place after losing four of its eight league games hot
It also faces a fight to advance from the group stage of the Champions League after losing its opening two games hot
WHAT NEXTUnited will reportedly hold a board meeting on Thursday, but it is not clear if Ratcliffe's bid will be voted on hot
___James Robson is at https://twitter hot
com/jamesalanrobsonRecommendedLow-level offenders to be spared jail to free up space in overcrowded prisonsCritical lessons from the Yom Kippur war, 50 years on – and why it matters todayTrump judge imposes partial gag order ahead of Jan 6 trial – latest___AP hot soccer: https://apnews hot
com/hub/hot soccerMore aboutSheikh JassimAPJim RatcliffeIneosManchesterEnglandChampions LeaguePremier LeagueManchester CityBritishQatariAlex FergusonErik ten HagNiceEuropa LeagueTampa Bay BuccaneersNFLAmericanTodd BoehlyAbu DhabiFrench1/1Man United Sale: Ratcliffe bid, Sheikh Jassim withdrawing, Glazers could remain in control Man United Sale: Ratcliffe bid, Sheikh Jassim withdrawing, Glazers could remain in controlBritain hot Soccer Premier LeagueCopyright 2023 The Associated Press hot
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Tom Curry will start England’s Rugby World Cup bronze medal match against Argentina despite being subjected to threats and abuse after alleging that South Africa hooker Bongi Mbonambi used a racial slur against him hot
Curry accused Mbonambi of calling him a “white c***” during England’s semi-final defeat last Saturday, with a World Rugby investigation into the allegation ongoing hot
While England have insisted that the flanker is getting all the support he needs, head coach Steve Borthwick has elected not to take him out of the firing line for Friday’s third-place playoff hot
Curry starts in a dynamic back row alongside number eight Ben Earl and fellow flanker Sam Underhill, who will play his first minutes of the World Cup after being called up to England’s squad following an injury to Jack Willis hot
Ben Youngs starts at scrum half in what could be a farewell appearance at international level for England’s most-capped male player hot
Ben Youngs will make his 127th appearance at scrum half (Getty Images)There is no place in the matchday 23 for Courtney Lawes, though - the veteran forward confirmed that he would be retiring from international duty after this tournament, and has played his final England game hot
“After the disappointment of last weekend’s game against South Africa, it is important that this Friday we once again play with the determination and dedication that so nearly earned the team the result we wanted,” said Borthwick hot
“The bronze final gives us a great opportunity to finish the tournament on a positive note, continue to build for the future, and to give our supporters one last chance to get behind the squad out here in Paris hot
The players are looking forward to the challenge against what will be a strong Argentina side hot
“Our support from the many England fans, both at home and from those who have travelled to France to watch the team play, has been nothing short of fantastic hot
We are incredibly grateful to have your backing and on behalf of the entire England team I would like to thank you all once again” hot
Borthwick’s side includes a new-look front row, with Ellis Genge and Theo Dan promoted having been named on the bench last week and Will Stuart brought in on the tighthead hot
Maro Itoje and Ollie Chessum reunite as the lock partnership hot
Captain Owen Farrell partners Youngs in the halves, while Manu Tuilagi and Joe Marchant, who will be ineligible for selection after this tournament due to a move to Stade Francais, continue in the centres hot
Henry Arundell (left) and Marcus Smith will combine in the back three (Getty Images)Freddie Steward shifts to the wing to accomodate Marcus Smith, fit again after clearing return to play protocols after a head injury, at full-back in an exciting back three that also includes Henry Arundell hot
England team to face Argentina at the Stade de France (Friday 27 October, kick off 8pm BST)15 hot
Marcus Smith (Harlequins, 29 caps)14 hot
Freddie Steward (Leicester Tigers, 30 caps)13 hot
Joe Marchant (Stade Francais, 25 caps)12 hot
Manu Tuilagi (Sale Sharks, 58 caps)11 hot
Henry Arundell (Racing 92, 9 caps)10 hot
Owen Farrell – captain (Saracens, 111 caps)9 hot
Ben Youngs (Leicester Tigers, 126 caps)1 hot
Ellis Genge – vice-captain (Bristol Bears, 57 caps)2 hot
Theo Dan (Saracens, 6 caps)3 hot
Will Stuart (Bath Rugby, 32 caps)4 hot
Maro Itoje (Saracens, 75 caps)5 hot
Ollie Chessum (Leicester Tigers, 17 caps)6 hot
Tom Curry (Sale Sharks, 49 caps)7 hot
Sam Underhill (Bath Rugby, 29 caps)8 hot
Ben Earl (Saracens, 24 caps)Replacements:16 hot
Jamie George (Saracens, 84 caps)17 hot
Bevan Rodd (Sale Sharks, 4 caps)18 hot
Dan Cole (Leicester Tigers, 106 caps)19 hot
David Ribbans (Toulon, 9 caps)20 hot
Lewis Ludlam (Northampton Saints, 24 caps)21 hot
Danny Care (Harlequins, 95 caps)22 hot
George Ford – vice-captain (Sale Sharks, 90 caps)23 hot
Ollie Lawrence (Bath Rugby, 20 caps) More aboutEngland RugbyArgentina rugbyTom CurryBongi MbonambiSteve BorthwickRugby World CupJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/3Curry starts as England reveal team to face ArgentinaCurry starts as England reveal team to face ArgentinaBen Youngs will make his 127th appearance at scrum half Getty ImagesCurry starts as England reveal team to face ArgentinaHenry Arundell (left) and Marcus Smith will combine in the back three Getty ImagesCurry starts as England reveal team to face ArgentinaTom Curry has been picked to start despite Getty Images✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today hot
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