{"id":28209,"date":"2023-04-28T23:08:03","date_gmt":"2023-04-28T23:08:03","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/qatars-sheikh-jassim-set\/"},"modified":"2023-04-28T23:29:22","modified_gmt":"2023-04-28T23:29:22","slug":"soccer-qatars-sheikh-jassim","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/soccer-qatars-sheikh-jassim\/","title":{"rendered":"Soccer: Qatar’s Sheikh Jassim submits final bid for Manchester United – source"},"content":{"rendered":"

By Mrinmay Dey<\/p>\n

(Reuters) – Sheikh Jassim Bin Hamad Al Thani, the son of Qatar\u2019s former prime minister, submitted his final bid for the entirety of Manchester United just before Friday’s deadline, a person familiar with the matter told Reuters.<\/p>\n

In addition to offering a figure to buy the English Premier League soccer club, Sheikh Jassim’s proposal also includes a plan for a further significant amount of additional capital and infrastructure investment, the source told Reuters, requesting anonymity because the matter is confidential. <\/p>\n

The source added that the bid is for 100% of the club and would remove all debt.<\/p>\n

Manchester United and Raine Group, the investment bank running the bidding process, did not immediately respond to a Reuters request for comment.<\/p>\n

No financial details of the final bid have been officially revealed. <\/p>\n

Sheikh Jassim’s offer falls short of the 6 billion pounds ($7.54 billion) asking price set by current owners, the Glazer family, The Guardian reported earlier in the day adding that the bid was understood to be worth around 5 billion pounds.<\/p>\n

Manchester United’s American owners launched a formal sale process late last year and have received several bids, including from British billionaire Jim Ratcliffe, founder of chemicals producer INEOS, and Finnish businessman Thomas Zilliacus.<\/p>\n

Sky Sports News reported that Ratcliffe’s bid for a majority stake in Manchester United has also been submitted.<\/p>\n

INEOS did not respond to a request for comment.<\/p>\n

Any sale of Manchester United would likely exceed the biggest sports deal so far, the $5.2 billion including debt and investments paid for Chelsea, sources told Reuters previously.<\/p>\n

United are the fourth richest soccer club in the world, according to analysis by Deloitte. They are widely seen as one of the most prized assets in all of sport.<\/p>\n

A small portion of the club’s shares is listed on the New York Stock Exchange. The company’s market value was about $3.4 billion, as of Thursday’s close.<\/p>\n

In March, Reuters reported that Sheikh Jassim had submitted a second bid to buy the club.<\/p>\n

($1 = 0.7954 pounds)<\/p>\n

\n

(Reporting by Mrinmay Dey and Akash Sriram in Bengaluru; Editing by Subhranshu Sahu and Toby Davis)<\/p>\n

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By Mrinmay Dey (Reuters) – Sheikh Jassim Bin Hamad Al Thani, the son of Qatar\u2019s former prime minister, submitted his final bid for the entirety of Manchester United just before Friday’s deadline, a person familiar with the matter told Reuters. In addition to offering a figure to buy the English Premier League soccer club, Sheikh […]<\/p>\n","protected":false},"author":8,"featured_media":28210,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1219],"tags":[1223],"class_list":["post-28209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-sports","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportSportsNews\/tagreuters.com2023binary_LYNXMPEJ3R0VM-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/28209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=28209"}],"version-history":[{"count":3,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/28209\/revisions"}],"predecessor-version":[{"id":28446,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/28209\/revisions\/28446"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/28210"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=28209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=28209"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=28209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}