Sport
New bidder enters the race to buy Man United, but there’s a catch — he wants fans to pay for half of it
Could finances from Finland and fans' very own doorsteps be the answer?
Following the last-minute flapping around Wednesday’s supposed 9pm deadline for those looking to buy Manchester United, one of the latest bidders has revealed themselves with a unique new offer.
Despite it being initially stated that frontrunners Sheikh Jassim bin Hamad Al Thani and British billionaire Sir Jim Ratcliffe had submitted their second bids in time for the deadline, miscommunication between United, their brokers and the bidding parties meant that those reports turned out to be premature.
In actuality, both the Qataris and Ratcliffe’s INEOS group had been granted an extension and will now submit their follow-up offers tonight (Thursday, 23 March). However, it was revealed that “approaching eight” other candidates had emerged and one of the newest bidders’ proposals has raised eyebrows.
Thomas Zilliacus is a Finnish entrepreneur who operates as Founder and Chairman of the Mobile FutureWorks investment and novaM social media groups. Now, according to a statement issued by the new United bidder, he wants to make a kind of social media app part of his offer — and that’s not all.
According to CBS Sports‘ Ben Jacobs, although Zilliacus is also yet to submit an official bid — said to have simply written a “letter of intent” to Raine Group, who are handling the deal — he has now publicly expressed his interest in buying the club and detailed how he plans to do it, it seems like a serious offer.
As the 69-year-old goes on to explain in his lengthy press release, he believes that “any sports club ultimately should belong to its fans” and that the current trend of “billionaire sheikhs and oligarchs taking over clubs and controlling them as their personal playgrounds is not a healthy trend”.
While many will no doubt agree with the sentiment, with the UK government themselves having recently announced a new independent regulator will be installed throughout English football, Zilliacus’ solution to not only purchasing the club and putting control back in the hands of the fans is an intriguing one, to say the least.
Stating that his team believes the current value of the club is approximately $3.9 billion (£3.45bn and some way off the Glazers’ £6bn asking price), he poses the suggestion of financing half of the sum by buying the Americans out and, “through a new company being set up for this specific purpose”, fans would then be encouraged to cover the rest by buying the remaining shares for less than $3 each. Yes, really.
Now, while fans owning and essentially helping run their own club has long been considered an ideal scenario for many supporters groups who have wrestled to keep some control from owners who are only financially invested in the club, the issue of stability and funding always remains an issue.
You only have to look at instances like Derby, Bolton, Bury, Macclesfield and more in recent years to see how precarious the situation can be. However, in cases like AFC Wimbledon, St Mirren and even clubs as big as Bayern Munich, significant ‘part ownership’ can be a recipe for both stability and success.
Zilliacus insists that not only is his “bid is built on equality with the fans”, but they will have a direct impact on how it is run through this novel new app where supporters “from anywhere in the world, can participate and cast their vote when deciding on footballing matters relating to the club.
As he goes on to clarify, “no decisions will be taken that are not supported by a majority of the fan base”. His proposition is, essentially, to put decisions that often do or should get put to a fan vote anyway onto an app to make the communication and cooperation with the club more streamlined.
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It almost sounds too good to be true, especially for a sporting franchise of this size and with such a global fan base. Unsurprisingly, plenty have reacted as such, with one account dubbing it “the funniest thing I’ve heard all week” and another simply saying, “Never ever going to happen”.
Jacobs did go on to state that Zilliacus is likely to submit a formal bid to buy the Glazers out of their shares through his XXI Century Capital investment firm (controlled by the Mobile FutureWorks holding company) before potentially inviting fans to help with funding. Either way, it all sounds very unlikely.
On the other hand, many haven’t been as quick to rubbish the concept off-hand and the fact he also happens to be a former footballer, not to mention part of Finland’s six-time ice hockey champions Jokerit ownership, has also been listed as a positive. Similar has been said of Ratcliffe’s Team Sky and OGC Nice ties.
You can read his full statement and details of his proposal down below:
What do you make of United’s new bidder? Could it work or is this all just too much blue-sky thinking?
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Featured Image — Thomas Zilliacus (via Twitter)/vegaseddie (via Flickr)
Sport
Manchester Futsal Club mop up Team and Coach of the Year awards after stellar season
Danny Jones
Manchester Fustal Club have picked up a pair of impressive awards following a brilliant season, winning both Club of the Year and Coach of the Year awards.
The Manchester side finished as runners-up in this year’s National Futsal League campaign, winning nine, drawing two and losing just three of their 14 games all season.
Despite finishing behind this year’s champions Bloomsbury in the men’s first tier, the promising young side and Manchester Futsal Club Women‘s team have been both recognised for their progress over the past year, with the Greater Manchester girls taking a year out as part of a big development drive.
With one of the lowest average ages in the league, the squad’s stellar second-place finish looks to be a sign of even better things to come next season.
Better still, the accolades didn’t stop there as player turned coach (for this season at least), Ryan Williams, won the National Futsal Series Tier Two Coach of the Year award at the 2023 Grand Finals as well.
After suffering a heavy ACL injury, Williams decided to spend his year coaching the B team, which he also led to second position, finishing just six points behind league leaders Derby and only just missing out on a place in the Futsal Champions League preliminaries.
At just 23, Ryan is one of the youngest to have ever won the award and having studied at Ashton Sixth Form College, the school passed on a “huge well done” to the youngster, adding that “the Sport and Public Services department, in particular, are hugely proud of your achievement.”
Writing on social media, Williams also heaped massive praise and credit on co-owner Ilya Ovechkin and coach Raducio King, among many others, who helped him on his coaching journey.
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Speaking to The Manc, he went on to add: “It was my first season working with this squad and the competition was high.
“There was never an easy game with a lot of other great coaches across the country in Tier 2, so to win Coach of the Season is my greatest achievement as a coach. Manchester Futsal winning Club of the Season also goes to show our club values and how well the club is run from the academy right up to the first team.
“It shows how much work all the staff have put in this season to make us the best club in the country.”
With two teams finishing as runners-up in the two highest leagues in the country, and the women’s team beginning to shape an exciting new squad ahead of returning to the fold next season, it’s been a brilliant year all-round for Manchester Futsal Club. We’re excited to see what comes next.
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Featured Image — Manchester Futsal Club (via Twitter)
Sport
Qatar’s Sheikh Jassim gives Manchester United an ultimatum after submitting fifth bid
Danny Jones
Qatar’s Sheikh Jassim bin Hamad Al Thani has issued Manchester United an ultimatum after submitting a fifth and supposedly final bid to buy the club.
Entering his fifth revised bid to buy Man United outright on Wednesday, the Middle Eastern banker and member of the Qatari royal family is reported to have told the club he is willing to pay “no more than £6 billion” for the takeover, an offer which sees him become the first to match the Glazer’s asking price.
However, in trying to give the negotiations a much-needed jolt — with Sheikh Jassim said to have grown frustrated with the long, drawn-out bidding process — his latest proposal also came with an ultimatum, telling the owners that they have until Friday, 8 June to accept his offer or else he will walk away.
So, rather than being strung along by the Glazers any further and potentially being dragged into another round of bidding with an arbitrary deadline, he has now given them until the end of the week to return their decision.
As Sky Sports‘ Kaveh Solhekol went on to explain, Sheikh Jassim is now “frustrated and fed up” with how the bidding process has gone thus far, noting that talks first began almost seven months ago and there have been multiple so-called ‘deadlines’ that have led to little consequence or progress.
As a result, his bidding team have told the Glazers, board members and the Raine Group officials overseeing any potential deal that he will “no longer engage with the process” if the fifth bid is not accepted by Friday.
The chairman of Qatar Islamic Bank (QIB) who spent time in England whilst being educated at the Royal Military Academy in Sandhurst also wants to get the deal done as quickly as possible in order to clear the debts and properly fund the project at the earliest opportunity ahead of next season.
In addition to clearing United’s debts which are estimated to be just under £1bn, the sheikh will reportedly pump sizeable funds into redeveloping the stadium (or building a new one) and investing in the squad. While his exact net worth is not known, his family’s wealth is estimated at around £275 billion.
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As for whether the Glazers will actually adhere to Sheikh Jassim’s deadline and accept his fifth and final bid, it remains to be seen, but it looks like someone needs to take charge in these negotiations if they actually going to move forward.
Gary Neville has already warned that the “shoddy” bidding process could end up jeopardising next season if it continues to go on any longer and many fans think the Qatari prince’s all-or-nothing offer is the only option to finally get rid of the Glazers.
The only other remaining bidder is still Sir Jim Ratcliffe and the INEOS Group, whose last bid was said to be for controlling interest of the club but would still leave the door open for the Glazers to keep a minority share.
However, the message from the fans has always been clear: “green and gold until the club is sold”, i.e. full sale only.
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Featured Image — Wikimedia Commons
