Supremo 4.10.2.2085 instal the new2/19/2024 These include an offer from the giant American financial investor Carlyle Elliott Management, the American hedge fund which until recently owned AC Milan Ares Management Corporation, a US-based alternative investment group and Sixth Street, which recently bought a 25% stake in the long-term La Liga broadcasting rights to FC Barcelona. In addition to the competing bids from Sir Jim and Sheikh Jassim, the Glazers received several credible offers for minority stakes or financing to fund investment in the club. The Monaco-based billionaire, who owns the Ligue 1 side Nice, pitched a restructured deal last month in an attempt to unblock the ongoing impasse over United's future. The family, who paid just under £800m to buy the club in 2005, has remained inscrutable throughout the process and has said nothing of substance to the NYSE since the process of engaging with prospective buyers kicked off.Įarlier iterations of Sir Jim's offers for the club, which focused on gaining outright control, included put-and-call arrangements that would become exercisable three years after a takeover to enable him to buy out the remainder of the club's shares. Many United fans have expressed disquiet at the prospect of Sir Jim buying a minority stake given that it paves the way for the Glazers' continued control. Reports in recent weeks have suggested that the billionaire will take immediate control of football matters at the club, alongside Ineos Sports colleagues including Sir Dave Brailsford, the former cycling supremo. The funds will be financed by Sir Jim personally and will not add to Manchester United's existing borrowings. Image: Sir Jim Ratcliffe is seen outside Old Trafford
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