Qatar’s Sheikh Jassim bin Hamad Al-Thani has increased his offer to buy Manchester United, submitting a new and improved bid on Tuesday, 17 May.
The Qatari prince and banker entered a world-record bid to buy the club during the third round of deliberations which ended in April but is said to have now elevated his offer to between £5-5.5 billion, with Raine Group receiving the improved proposal on Tuesday morning.
Whilst this figure is still short of the Glazer family’s £6bn valuation, it is now thought to be the strongest offer and comes after a number of reports that main takeover rival, Sir Jim Ratcliffe and his INEOS Group, were leading the race thanks to a revised offer of their own.
This is Sheikh Jassim‘s fourth bid overall, with the buyout process officially beginning back in February and the third round of bidding concluding on 28 April. Should this improved offer be accepted, it will be for 100% control of the club and will see their debt cleared.
BREAKING: Qatar's Sheikh Jassim has made an improved offer to buy 100% of Manchester United 💰pic.twitter.com/H9vjW8yHzS
— Sky Sports Premier League (@SkySportsPL) May 16, 2023
Part of the reason Ratcliffe was said to be the favourite to secure Man United’s sale was that his offer reportedly offered the Glazers a chance to remain part of the club by allowing them to keep a 20% minority stake.
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However, United fans have made their feelings more than clear: they want a full sale only and for the Glazers to sever all ties with the club. Since acquiring the Red Devils through a controversial leveraged buyout back in 2005, the club has now accrued £969.6m in debt as of March 2023.
Moreover, part of the concerns surrounding the alternate bid is that although the Failsworth-born businessman is a billionaire and has experience overseeing sports franchises as the owner of OGC Nice and Team Sky cycling, it is thought he may not be able to fully finance the takeover himself.
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On the other hand, with virtually an entire nation’s sovereign wealth behind him, Sheikh Jassim’s bid won’t require any borrowing and beyond clearing the club’s debt, is said to include separate funds to spend on the club, help redevelop the stadium and training ground, as well as invest in the community.
Financing aside, the only thing seemingly standing in Sheikh Jassim’s way is the controversy surrounding Qatar’s human rights record which became ever more prominent following the World Cup and whether or not the current American owners are enticed by the possibility of keeping some stake in the club.
At present, the Glazers have given no indication as to when a deal might be accepted or if the last two offers will indeed be the final round of bidding — revised offers from both of the frontrunners would suggest otherwise.
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Nevertheless, supporters are remaining vocal that the Glazers’ time is up and they want rid, especially with the football back on the up under Erik ten Hag.
If this doesn’t sum up the lasting sentiment they’d like to part on, we don’t know what does:
Alex Sanderson summons Rudyard Kipling as Sale Sharks scrape into the semi-finals
Danny Jones
Director of Rugby Alex Sanderson referenced the famous Rudyard Kipling after Sale Sharks managed to book their place in the playoffs of this year’s Gallagher Premiership following a nail-biter of a fixture against Exeter Chiefs.
The Sharks sealed their spot in the semi-finals with a 30-26 win over the Chiefs on Saturday night, with a trio of tries, a singular pen and calmness when it came to conversions proving just enough to make it to full time.
Speaking on the narrow score at Sandy Park, Sanderson himself applauded that same composure during his post-match duties, casually quoting Kipling ahead of the next big game.
Writing on social media after nerves had just about settled, the club simply said: “Apologies for raising the heart rate, Sharks Family… but Saturday we go again.”
Beginning with an expression of that same defiant spirit that has seen them across the line on so many occasions, the 45-year-old told TNT Sports, “We got another Monday in us.”
The Sale Sharks coach went on to add: “So if you can keep your head, when everybody else is losing theirs – I think that’s the old Rudyard Kipling poem – you’re in such a better place on the back of that, knowing what we can fix from the Leicester game and what we can do better from today.”
It’s not every day you hear sportsmen calling up the poetic words of the beloved British-India writer, but it certainly impressed plenty of supporters, though Sanderson has always been popular among fans for his candour and charisma in interviews.
Ultimately, it was Rekeiti Ma’asi-White, Bevan Rodd, Luke Cowan-Dickie and George Ford that the Greater Manchester outfit had to thank for the electrifying finish
You can see how much it meant, clear as day…
Not done yet…
Thank you for your support Sharks Family, it’s truly appreciated!
Sale Sharks will now take on Leicester Tigers (who the local side finished just behind in third place following the result against the Chiefs) in the Premiership semis as they look to get revenge for previous painful meetings
Are you feeling hopeful, Sharks Family?
You can see the full highlights from Sale Sharks’ tense victory over the Exeter Chiefs down below.
Alex Sanderson channelled Rudyard Kipling and Sale scrapped like true Sharks.
Luxury Manchester gym Blok confirms permanent closure after weeks of uncertainty
Daisy Jackson
Blok Manchester has announced its permanent closure, weeks after the doors to the premium fitness facility mysteriously closed.
Around a fortnight ago, members began to arrive to their classes to find the gym on Ducie Street locked up and a forfeiture notice on the door – but at the time, Blok said that it was fighting to reopen.
Sadly, in an email sent to members today, its founder has confirmed that the studio is now permanently closed.
Blok – which has several very successful sites down in London – said that its relationship with its landlord has ‘broken down to a point where trust has been lost’.
The gym wrote that it’s been left with ‘no workable way forward’.
They said: “BLOK Manchester was a space built by our loyal and dedicated community. Whether you joined us for one class or one hundred, we are deeply grateful. You helped create something genuinely special in an incredible city.”
In the immediate future, they said they’ll be supporting the team of fantastic trainers who worked here, as well as looking after members.
Members will be contacted within a few hours with options and refunds owed.
Blok Manchester has announced its permanent closure. Credit: The Manc Group
CEO and founder Ed Stanbury said: “While this marks the end of a chapter, we don’t see it as the end of our story in Manchester. We’re already speaking with developers about potential future sites and remain committed to returning to the city when the time is right.
“Thank you for being part of our story so far. Let’s shape the future of wellness. The mission continues.”
Commenting on Blok’s Instagram post – its first in almost a fortnight – people have been sharing their sadness at the closure of its Manchester site.
One person wrote: “beautiful space, beautiful staff and beautiful community.”
Another said: “Sending love to all the instructors !! :(((( gutted”
Someone else commented: “THE BEST CLASSES. I’m gutted.”
Danny Jones -
17th May 2023 
