Sheikh Jassim Bin Hamad Al Thani is locked in a takeover battle with British billionaire Sir Jim Ratcliffe.
Manchester United’s stock rose in after-hours trade Tuesday following the latest development in the takeover battle for the iconic English football club.
MarketWatch understands that Sheikh Jassim Bin Hamad Al Thani has made an improved bid for Manchester United. As before, the bid is for 100% of the club, will clear Manchester United’s debt and includes a separate fund directed solely at the club and community. Rival bidder Sir Jim Ratcliffe is the chief executive of the chemical giant Ineos. The British billionaire’s sporting links are strong: Ratcliffe, who ranks 27th on the Sunday Times Rich List, already owns the French Ligue 1 soccer club OGC Nice and the Ineos Grenadiers professional cycling team.Sky Sports has reported that the American Glazer family that owns Manchester United is looking for $7.4 billion for the famous club, which had a calculated value of $4.
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