The competition between British entrepreneur James Ratcliffe and Qatari banking capitalist Sheikh Jashim bin Hamad Al-Thani to take over Manchester United, a prestigious English Premier League club, is getting closer.
Major British media outlets reported on the 30th (Korean time) that both sides had submitted a proposal to the Raine Group, a financial company in charge of brokering the sale of the Manchester United club, by 10:00 pm on the 29th, British time, the deadline for bidding.
Sheikh Jassim is the older brother of the current King of Qatar, Tamim bin Hamad al-Thani, and is currently the chairman of the Qatar Islamic Bank (QIB). Ratcliffe heads the Ineos Group, a British multinational petrochemical company. He is known as one of the richest men in England.
The proposals delivered by the two sides are different. Sheikh Jasim’s side put in a bid through the ‘Nine Two’ foundation he runs. He said that he would pay 5 billion pounds (approximately 8,413.4 billion won) on the condition of receiving a 100% stake in the club. 바카라사이트
If the deal is concluded under these conditions, it will be the largest amount ever paid to a sports franchise. To date, the first place is the Walton-Fenner Ownership, led by Rob Walton, former chairman of Wal-Mart, his daughter Carrie Walton Penner, and son-in-law Greg Penner. This is the $4.65 billion (approximately 6.2224 trillion won) poured into the acquisition of the Denver Broncos of the North American Football (NFL) in August of last year.
Ratcliffe, on the other hand, did not ask for the entire Glazer family’s stake in the club. As it was initially known, Ratcliffe asked for a 69% stake to effectively lead the club. Don’t do it. It has not been confirmed whether this is the final bid. If this offer is accepted, the existing Glazer family can continue their relationship with Manchester United even if they are not the majority shareholder.
In this regard, the British BBC reported that Ratcliffe had an advantage over Sheikh Jassim. The BBC said, “The conditions presented by Ratcliffe suit the taste of the Glazer family.”
On the other hand, Manchester United’s official fan club ‘1958’ continues to demand that the Glazer family sell all of their shares in the club and leave. They do not want other capital forces to intervene and complicate the governance structure. However, as the current owner, the Glazer family, is responsible for the sale of the club, the fan club’s voice is not expected to have a significant impact.