{"id":32105,"date":"2023-03-26T03:48:02","date_gmt":"2023-03-26T03:48:02","guid":{"rendered":"https:\/\/fusefornews.com\/2023\/03\/26\/man-utd-takeover-latest-sheikh-jassim-also-submits-second-bid-after-sir-jim-ratcliffe\/"},"modified":"2023-03-26T03:48:02","modified_gmt":"2023-03-26T03:48:02","slug":"man-utd-takeover-latest-sheikh-jassim-also-submits-second-bid-after-sir-jim-ratcliffe","status":"publish","type":"post","link":"https:\/\/fusefornews.com\/?p=32105","title":{"rendered":"Man Utd takeover latest: Sheikh Jassim also submits second bid after Sir Jim Ratcliffe"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div data-reactid=\".m11rfpwky2.0.0.0.1\">\n<figure class=\"gs-u-mt0 gs-u-mb-alt+ story-body__media story-body__media--figure qa-story-body-media story-body__media--lead\" data-reactid=\".m11rfpwky2.0.0.0.1.$video-1\"><span class=\"gs-u-display-block story-body__media\" data-reactid=\".m11rfpwky2.0.0.0.1.$video-1.0\"><span class=\"gs-u-display-block gs-o-responsive-image\" style=\"padding-bottom:56.25%;\" data-reactid=\".m11rfpwky2.0.0.0.1.$video-1.0.0\"><noscript data-reactid=\".m11rfpwky2.0.0.0.1.$video-1.0.0.1\"\/><\/span><\/span><figcaption class=\"gel-brevier gs-u-ph+ gs-u-pv-alt story-body__media__caption story-body__media__caption--video\" data-reactid=\".m11rfpwky2.0.0.0.1.$video-1.1\">Sir Jim Ratcliffe: Prospective owner visits Manchester United<\/figcaption><\/figure>\n<p role=\"introduction\" class=\"qa-introduction gel-pica-bold\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-2\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-2.0\">Qatari banker Sheikh Jassim has joined Ineos owner Sir Jim Ratcliffe in submitting a second bid to buy Manchester United.<\/span><\/p>\n<div data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-3\">\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-3.0\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-3.0.0\">A representative for Sheikh Jassim said on Saturday they put in a revised bid overnight.<\/span><\/p>\n<\/div>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-4\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-4.0\">On Thursday, Ratcliffe put in his second bid after <\/span><a href=\"https:\/\/www.bbc.co.uk\/sport\/football\/65043304\" class=\"story-body__internal-link\" title=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-4.$link-2\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-4.$link-2.0\">Wednesday&#8217;s confusion and extended deadline<\/span><\/a><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-4.3\">.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-5\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-5.0\">It followed Finnish entrepreneur Thomas Zilliacus stating he has submitted a bid to buy the Old Trafford club.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-6\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-6.0\">Zilliacus wants to buy half of the club with the other half bought by fans, who will be part of club decision-making.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.0\">On Saturday, <\/span><a href=\"https:\/\/twitter.com\/TZilliacus\/status\/1639528085522468865\" class=\"story-body__external-link\" title=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.$link-2\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.$link-2.0\">Zilliacus claimed<\/span><span class=\"gs-u-ml- gel-icon\" style=\"height:15px;width:15px;\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.$link-2.1\"><svg viewbox=\"0 0 32 32\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.$link-2.1.0\"><title data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.$link-2.1.0.0\">external-link<\/title><path d=\"M12 0v5h11.5l-5 5H0v22h22V17.5l-2 2V30H2V12h14.5l-7.8 7.7 3.6 3.6L27 8.5V20h5V0H12z\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.$link-2.1.0.1\"\/><\/svg><\/span><\/a><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-7.3\"> he had also increased his bid for United overnight.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-8\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-8.0\">Interested parties had until 21:00 GMT on Wednesday to enter their bids before the deadline was extended. <\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-9\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-9.0\">On Thursday, an Ineos spokesperson said: &#8220;Ratcliffe and Ineos can confirm we have submitted a revised bid.&#8221;<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-10\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-10.0\">The Glazer family, who bought Manchester United for \u00a3790m in 2005, announced they were considering selling the club in November.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-11\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-11.0\">The Americans have established a valuation of \u00a35-6bn for United.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-12\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-12.0\">Ineos wants to buy the combined Glazer shareholding of about 69%, but the Qataris are targeting 100% of the club.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-13\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-13.0\">Both sides met with United officials earlier in March.<\/span><\/p>\n<h3 class=\"story-body__crosshead\" data-reactid=\".m11rfpwky2.0.0.0.1.$crosshead-15\">Who is Zilliacus?<\/h3>\n<figure class=\"gs-u-mt0 gs-u-mb-alt+ story-body__media story-body__media--figure qa-story-body-media\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-16\"><span class=\"gs-u-display-block story-body__media\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-16.0\"><span class=\"gs-u-display-block gs-o-responsive-image\" style=\"padding-bottom:56.25%;\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-16.0.0\"><img src=\"https:\/\/ichef.bbci.co.uk\/onesport\/cps\/624\/cpsprodpb\/36F5\/production\/_129096041_zilliacus_press_release.jpg\" sizes=\"(min-width: 1280px) 800px, (min-width: 900px) 624px, (min-width: 600px) 976px, (min-width: 400px) 624px, 400px\" srcset=\"https:\/\/ichef.bbci.co.uk\/onesport\/cps\/400\/cpsprodpb\/36F5\/production\/_129096041_zilliacus_press_release.jpg 400w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/624\/cpsprodpb\/36F5\/production\/_129096041_zilliacus_press_release.jpg 624w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/800\/cpsprodpb\/36F5\/production\/_129096041_zilliacus_press_release.jpg 800w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/976\/cpsprodpb\/36F5\/production\/_129096041_zilliacus_press_release.jpg 976w\" alt=\"Thomas Zilliacus\" class=\"qa-srcset-image\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-16.0.0.0\"\/><\/span><\/span><figcaption class=\"gel-brevier gs-u-ph+ gs-u-pv-alt story-body__media__caption story-body__media__caption--image\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-16.1\">Zilliacus is the founder and chairman of a new social media group<\/figcaption><\/figure>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-17\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-17.0\">Ratcliffe and Sheikh Jassim were the only publicly declared bidders until Zilliacus announced his offer.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18\"><a href=\"https:\/\/twitter.com\/TZilliacus\/status\/1638833326491602945\" class=\"story-body__external-link\" title=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18.$link-1\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18.$link-1.0\">Zilliacus said:<\/span><span class=\"gs-u-ml- gel-icon\" style=\"height:15px;width:15px;\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18.$link-1.1\"><svg viewbox=\"0 0 32 32\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18.$link-1.1.0\"><title data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18.$link-1.1.0.0\">external-link<\/title><path d=\"M12 0v5h11.5l-5 5H0v22h22V17.5l-2 2V30H2V12h14.5l-7.8 7.7 3.6 3.6L27 8.5V20h5V0H12z\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18.$link-1.1.0.1\"\/><\/svg><\/span><\/a><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-18.2\"> &#8220;Any sport club ultimately should belong to its fans. My bid is built on equality with fans.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-19\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-19.0\">&#8220;The current development, where billionaire sheiks and oligarchs take over clubs and control them as their personal playgrounds, is not a healthy trend.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-20\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-20.0\">&#8220;The current market value of the club is just under $3.9bn (\u00a33.17bn). That means that if every one of the fans of the club would join in buying the club, the total sum per fan would amount to less than $6. <\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-21\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-21.0\">&#8220;My group will finance half of the sum needed to take over the club, and will ask the fans, through a new company that is being set up for this specific purpose, to participate for the other half. <\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-22\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-22.0\">&#8220;If every fan joins it means less than $3 per fan.&#8221;<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-23\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-23.0\">Zilliacus plans to give fans a say through an app from which they can &#8220;participate and cast&#8221; their vote &#8220;when deciding on footballing matters relating to the club&#8221;.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-24\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-24.0\">It is also understood US investment company Elliott has made an offer to purchase a minority stake, irrespective of who ends up owning the club.<\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-25\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-25.0\">Zilliacus, who has previously been involved with HJK Helsinki and ice hockey champions Jokerit in his homeland, is the founder and chairman of new social media group novaM Group. <\/span><\/p>\n<p class=\"\" data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-26\"><span data-reactid=\".m11rfpwky2.0.0.0.1.$paragraph-26.0\">He wants to buy United through XXI Century Capital, which is an investment firm owned by his holding company.<\/span><\/p>\n<p><span class=\"gs-u-display-block story-body__media gs-u-mb-alt+ qa-story-body-media\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-28\"><span class=\"gs-u-display-block gs-o-responsive-image\" style=\"padding-bottom:11.875%;\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-28.0\"><img src=\"https:\/\/ichef.bbci.co.uk\/onesport\/cps\/624\/cpsprodpb\/0847\/production\/_119691120_premier_league_banners_manchester-united.png\" sizes=\"(min-width: 1280px) 800px, (min-width: 900px) 624px, (min-width: 600px) 976px, (min-width: 400px) 624px, 400px\" srcset=\"https:\/\/ichef.bbci.co.uk\/onesport\/cps\/400\/cpsprodpb\/0847\/production\/_119691120_premier_league_banners_manchester-united.png 400w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/624\/cpsprodpb\/0847\/production\/_119691120_premier_league_banners_manchester-united.png 624w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/800\/cpsprodpb\/0847\/production\/_119691120_premier_league_banners_manchester-united.png 800w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/976\/cpsprodpb\/0847\/production\/_119691120_premier_league_banners_manchester-united.png 976w\" alt=\"How to follow Manchester United on the BBC banner\" class=\"qa-srcset-image\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-28.0.0\"\/><\/span><\/span><span class=\"gs-u-display-block story-body__media gs-u-mb-alt+ qa-story-body-media\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-30\"><span class=\"gs-u-display-block gs-o-responsive-image\" style=\"padding-bottom:1.6145833333333335%;\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-30.0\"><img src=\"https:\/\/ichef.bbci.co.uk\/onesport\/cps\/624\/cpsprodpb\/A487\/production\/_119691124_footer_manchester-united.png\" sizes=\"(min-width: 1280px) 800px, (min-width: 900px) 624px, (min-width: 600px) 976px, (min-width: 400px) 624px, 400px\" srcset=\"https:\/\/ichef.bbci.co.uk\/onesport\/cps\/400\/cpsprodpb\/A487\/production\/_119691124_footer_manchester-united.png 400w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/624\/cpsprodpb\/A487\/production\/_119691124_footer_manchester-united.png 624w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/800\/cpsprodpb\/A487\/production\/_119691124_footer_manchester-united.png 800w, https:\/\/ichef.bbci.co.uk\/onesport\/cps\/976\/cpsprodpb\/A487\/production\/_119691124_footer_manchester-united.png 976w\" alt=\"Manchester United banner footer\" class=\"qa-srcset-image\" data-reactid=\".m11rfpwky2.0.0.0.1.$image-30.0.0\"\/><\/span><\/span><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/sport\/football\/65054294?at_medium=RSS&#038;at_campaign=KARANGA\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Sir Jim Ratcliffe: Prospective owner visits Manchester United Qatari banker Sheikh Jassim has joined Ineos owner Sir Jim Ratcliffe in submitting a second bid to buy Manchester United. A &hellip; <\/p>\n","protected":false},"author":1,"featured_media":32106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/posts\/32105"}],"collection":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32105"}],"version-history":[{"count":0,"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/posts\/32105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/media\/32106"}],"wp:attachment":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}