You can still keep the players that are good enough for built starting 11. It might mean a lot more effort is put into developing players who aren’t.
Of course some teams will take this to the extreme
Club Sale | It’s done!
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Of course some teams will take this to the extreme
Gluten-free magazine.
Girlfriend magazine.
Girlfriend magazine.
Who the feck are global finance with their 9m followers?
Ahh, global finance.
Not very exciting.
Not very exciting.
Wonderful.
Bizarre comment - Jassim has been pictured at Old Trafford, how on earth would you know what kind of fan he is? Or maybe you think overseas fans don't count ?
Don't you support FC United anyway? Do you go to Old Trafford?
And what if it's a private bid from Sheikh Jassim? No state, no sports washing, no financial doping
Yes lots of possibilities
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9 thousand...
Did they forget about Darcie?
Strictly speaking it wasn't PR per say. But It was coming from UK based sport journos with sources. The updates we have seen stating that Sheik Jassim is leading is from financial news outfits. They don't just report news like sports journos do.
Where is Darcie?
The full article
Manchester United PLC was about to get sold to Sheikh Jassim bin Hamad Al Thani of Qatar, who made a final bid earlier this month. However, internal disputes among Manchester’s owners—the Glazer business family—are stalling the sale.
What’s the issue? “It’s getting the kids to agree,” an M&A advisor close to talks tells Global Finance. “Not all five want to do the deal.” Those five individuals include Avram Glazer, Kevin Glazer, Bryan Glazer, Joel Glazer and Edward Glazer.
The Glazers—which bought the football club in 2005—have been shopping the team around since November 2022 under the guidance of Raine Group, the same merchant bank that advised April’s $21-billion transaction between Endeavor, UFC and World Wrestling Entertainment.
But the Manchester sale process “is just in shambles,” the source added, citing tension over the price and whether to sell to Qatar at all.
Raine Group did not return a request for comment.
The Manchester United price tag is expected to be around £6 billion or higher. That would mean the team is valued at 7x-8x sales, according to analysts at BlackBull Research, who compared it to Formula One, which sold to Liberty Media in 2017 for $4.4 billion.
While the Glazer family squabbles, Qatar’s sovereign wealth fund is keeping busy inking other sports deals. Just this month, it acquired a 5% stake in the parent company of the NBA’s Washington Wizards, NHL’s Washington Capitals and WNBA’s Washington Mystics as part of a $4.05 billion deal.
Qatar seems to be taking a page out of the playbook of Saudia Arabia Public Investment Fund (PIF). With significant financial resources from oil funds, Saudi Arabia PIF has already made its mark in sports such as Formula 1, Aston Martin, football (the takeover of Newcastle United in 2021), golf and tennis, with the ATP Tour—a tennis tournament organized by the Association of Tennis Professionals—reportedly a target.
“Sovereign wealth investment into sport has raised the bar so high that these types of investments going forward may increasingly be par for the course if teams are to remain competitive,” Kristian Ulrichsen, a Middle East fellow at the Baker Institute, said.
As for Manchester, it remains to be seen whether Sheikh Jassim's firm, Nine Two UK Holdings Ltd, will shell out more funds to unite the Glazer family.
Whether Qatar can win over fans is another issue. Manchester’s fanbase—among the most passionate in the sport—have been protesting both the owners and the likely buyers.
In 2022, the interest group Manchester United Supporters’ Trust penned a scathing open letter to the Glazer family: “The last 17 years has been characterised by debt and decline—on-the-field and off it. The vast majority of United fans will agree with the conclusion you appear to have also reached—it's time for change.”
But Sheikh Jassim may not be the change they want. The Qatari bid comes on the heels of a controversial World Cup, an event that took place in Qatar and was praised by FIFA but boycotted by fans due to the nation's treatment of migrant workers and human rights violations.
A deal with Jassim, chair of the sovereign-backed Qatar Islamic Bank, would also mark yet another football club loss for billionaire Jim Ratcliffe, whose London-based Ineos Group is also believed to have been actively bidding for Manchester United.
Ratcliffe was unsuccessful in acquiring Chelsea F.C. last year.
Ratcliffe, 69, is currently ranked among the top 30 wealthiest people in the UK. He is also the owner of French club Nice, which he would have had to sell if he won Manchester United, as well as FC Lausanne-Sport in Switzerland.
Outside football, Ratcliffe also purchased the Team Sky cycling franchise in 2019, now known as the Ineos Grenadiers. He has sponsorship deals with a Mercedes-Benz Formula One team.
Sorry, the m is below the K on my phone and I’m sticking to that excuse
fecking ****ards
Is this Succession?
Yeah, pretty much kills their credibility right off the bat
Looks like it’s going to have a longer run, that’s for sure.
I've said for ages that the main delay is likely to be that the Glazer spawn don't agree with each other and there are 6 siblings, not 5
Each has their own shareholding and vote on these matters
Joel and Avram are actually so greedy that no amount of dinner is enough.
First Bazinga, now "Global Finance Mag." Nice to see the progression in some of the tweets that are shared. It started with posting the tweets of disreputable football journalists, moved to posting the tweets of completely random, nameless, faceless unknows, to now posting tweets from disreputable investing and finance accounts.
To be fair, she's the only one in that family that looks even remotely human
Benzinga are disreputable now?
Never heard of Global Finance Mag before. Anyone familiar with them? They are quoting their own source.
Dunno why you’re all rushing to discredit GFM. They’re only stating the bleeding obvious anyway. Of course the Glazers can’t agree on the best way forward. That’s why this is taking so long.
Pretty niche magazine with relatively small circulation, but they've been around for a very long time.
Never get into business with family.
What will it take for this scum to finally get scraped off the club's shoes?
The website looks like trash. I'm not taking anything they say seriously.
The exact two wankers Jimbo wants to run the club with
There’s a different story every day, no one has a clue what’s going on.
Could be that GFM's information is slightly older than Bloomberg's.
I believe that was the point, Aristotle.
They will come under financials any loss, any expenditure, any expense like the Glazers private jets in that final quarter will all come under the Financial line for FSP then there are multiple sub lines which we will only see some of these in the final accounts when we get them on Friday 30th June.
Doubt final accounts will be ready on year end day. We’ve only just got Q3 results.
No worries pal. I guess for this club to move forward from the glazers it’s going to take incredible wealth. There’s not many out there with that wealth who meets the criteria in terms of ethics, so we have few options. If Delia Smith had 10 billion to blow on a football club im sure we’d all be begging her to sell Norwich and buy us
Glazers Forza
They said the other day that final accounts would be 30th June which is strange but yes they came out with a statement, I may be wrong ant it might have been end of July. There is more pressure now because of the FSP rule. It’s a big deal and UEFA will be monitoring this closely.
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