The deadline for the second round of bidders in the race to takeover Manchester United football club has officially passed, with multiple world record offers reportedly on the verge of being submitted.
Following the first round of bids, which saw a Qatar investment group headed up by Sheikh Jassim bin Hamad Al Thani, and British billionaire Sir Jim Ratcliffe both put in their initial offers, Manchester United set a second deadline of 9pm on 22 March for them to increase their offers and welcome other offers.
While the opening bids matched each other at £4.5 billion, working with financial advisors Raine Group who are brokering in the deal from the US, neither reached the Glazer family ownership’s estimations, who value the club closer to £6bn.
As a result, both went on to carry out further negotiations — each visiting Old Trafford last Friday and staying for upwards of six hours (more than 10 in the case of the Qataris) — but it is now thought they may no longer be the only parties involved in the bidding war. Whether it will be in time is the issue.
🚨 BREAKING 🚨
Sheikh Jassim and Sir Jim Ratcliffe’s Ineos have not submitted their bid for Manchester United before the 9pm deadline pic.twitter.com/XTc0rVKAn2
Kaveh Solhekol trying to clear up the confusion over Qatar and Jim Ratcliffe’s United bids.
Despite earlier reports that Sheikh Jassim and his associates had submitted a “world record offer” before the Glazers and Raine Group’s 9pm deadline (5pm New York time), Sky Sports‘ Kaveh Solhekol has now clarified that the bid was not submitted in time and that they have asked for an extension.
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Man United are said to have agreed to the extension and Sheikh Jassim still remains confident that they have the “best bid” of the bunch.
Moreover, as per the likes of Mike Keegan, Jim Ratcliffe was also set to enter his second bid, with both offers said to have increased to around the £5bn mark. However, the INEOS chief exec is also said to have failed to meet the deadline and been granted an extension, according to a senior source.
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Kaveh also went on to detail that multiple other offers have in fact been submitted, with the numbers said to be “approaching eight” different bidders.
Many bids have gone in for #mufc this evening, approaching eight [@SkyKaveh]
Any bid of more than £3.75bn would break the world record fee for a sports club set when the Denver Broncos were sold last summer.
As for the frontrunners, both offers are still around a billion short of the Glazer’s asking price and not only have Sheikh Jassim and co. already warned they will ‘walk away’ if the price is too high, but it’s unclear how far Ratcliffe’s wealth can stretch if he is to continue pursuing a deal.
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The key difference between the two bids is that Qatar’s bid will apparently make the club debt-free given the sheer mass of state wealth behind them, whereas the Failsworth-born businessman’s financing may be more complex to put together.
Trying to clear up the confusion, The Times‘ Matt Lawton said on Twitter that “both Qatari and INEOS representatives said their bids were in, United sources [are] saying they haven’t yet bid and have asked for an extension”, with offers now set to be made by tomorrow.
As reported by Sky Sports earlier this week, it was thought that “at least five other bidders” and as many as eight in question could join the race along with Ratcliffe and Qatar, who were the only two parties to have submitted an official offer for United during the first round of bidding.
However, a detailed list of the other candidates and precisely how many are still yet to be confirmed; Kaveh did go on to suggest that some could simply be a form of “hot air” designed to hopefully urge the ‘serious bidders’ to edge their offers up even higher.
As for next steps, neither of the parties in the supposed two-horse race expect an immediate decision from the board, especially after the unexpected delay, and those who submitted new offers in the second round of bidding will have to wait at least seven days to hear back from the club and brokers Raine Group regarding their progress.
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However, it is worth noting that these subsequent bids may not necessarily be attempts to buy the club outright and not only is there a feeling that a third round of negotiations could take place, but there is also a growing sense that the Glazers could still pull out of a potential buyout altogether.
Tommy Fury announces return to boxing after his ‘hardest battle’ yet
Danny Jones
Manc boxer Tommy Fury has announced his return to the ring later this year, although he’s still keeping tight-lipped about some of the finer detailsabout his next fight.
Tommy Fury has been stuck on the sidelines for the best part of the last two years following his last boxing match against influencer and musician KSI, having reluctantly stepped away from boxing through injury and well-publicised personal issues outside of the sport.
He ultimately pulled out of his intended comeback against Darren Till ahead of what looked to be an already fraught face-off, and his been quiet on the competitive front ever since – until now.
Revealing a scheduled date for the next fight, the 25-year-old took to social media to confirm that he will be back very soon but is withholding some of the particulars for now.
Writing in the caption, the younger Fury brother said: “Two years out. One surgery. The hardest battle I’ve faced has been the mental battle of being away from boxing. But I’m back stronger, sharper, and more HUNGARY than ever.”
However, the most notable omission is who he will actually be taking on, i.e. one of the main reasons fight fans would be interested in the first place.
Although many have been left frustrated by the infrequency of his fights due to multiple cancellations, it’s clearly a concerted effort to build anticipation ahead of the event.
Sharing the date for his Budapest bout – which is coming much sooner than many would have expected (Friday, 9 May) – he signed off by adding: “It’s showtime. Let’s go!”
Besides the social media post, the local fighter published a lengthy announcement video/teaser trailer on the official Tommy Fury YouTube channel on Monday night, in which he states, “the contract has literally just been signed as we speak”.
You can watch the feature in full down below:
In truth, the majority of the video is about brand deals, but it does show getting some training done.
Hyping up his undefeated record, with 10 wins to his name thus far in his still fairly fledgling boxing career, he goes on to say he is “over the moon” and ready to get back in business.
Only time will tell whether this fight will actually go ahead as his followers have gotten more than used to seeing his matches postponed or cancelled. First and foremost, who do you think his comeback opponent is gong to be?
His name has mostly been in the headlines due to his high-profile relationship with fellow famous face Molly Mae-Hague.
The couple, who first met on Love Island back in 2019, welcomed their first child, Bambi, back in January 2023 but went on to split up last August. A docuseries covering their struggles dropped at the start of this year.
Featured Images — Screenshot (via YouTube)/Ghazi Twaissi (via WikiCommons)/The Manc Group
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Belle Vue manager warns of former Aces ahead of Premiership clash
Danny Jones
Belle Vue Aces boss and Aussie speedway legend Mark Lemon has warned his side of Oxford Spires’ quality ahead of their face-off in the Premiership, especially as they prepare to come against some ex-ATPI employees.
With a ROWE Motor Oil Premiership round coming up on Monday night (14 April) and the Aces second in the table with five early points total on the board already, the CEO, Director and Team Manager isn’t underestimating the southern opponents.
Even though Oxford have had a tough start to the season, the Manchester racers can’t afford to be complacent, and Lemon has already identified some key threats on the track, including two former Aces.
It’ll be a thrilling night at the National Speedway Stadium (NSS), as always.
𝗢𝗻𝗲 𝗱𝗮𝘆 𝘁𝗼 𝗴𝗼…
♣️ ATPI Aces v Oxford Spires ⛪️ 🗓️ Monday, April 14, 7.30pm. 🏆 Premiership R1. 🏟️ National Speedway Stadium. 🎟️ Get ticket now: https://t.co/DREWNjxB09 🍴 Hospitality: https://t.co/RFS3gcPD99
Speaking on Sunday ahead of the races, the 52-year-old said: “I know it’s a cliche, but there really aren’t any easy meetings in the Premiership.
“We know what Oxford’s riders are capable of; Rohan [Tungate] and Charles [Wright] can be very good at the National Speedway Stadium, and that makes them dangerous.
“When you add in the likes of [Maciej] Janowski, Erik Riss and guest Dan Thompson, [Oxford Spires] are a strong side.”
33-year-old ‘Magic’ Janoswki from Poland is not only a former world number three but has four FIM Speedway World Cup gold medals to his name.
Nevertheless, the Aces have bounced back after a disappointing 50-40 defeat in the KO Cup by Ipswich Witches to record a double over King’s Lynn Stars, with a narrow loss against Leicester still showing plenty of fight and promise for the rest of the campaign.
Belle Vue Aces’ Jaimon Lidsey pushing hard against King’s Lynn – here’s hoping for more of that against Oxford. (Credit: Taylor Lanning)
Lemon went on to assure that he remains confident, however, adding: “We’re settling back into a routine. It was good that all the boys are getting confidence-building scores.
“Zach Cook, Norick Blodorn and Jake Mulford have all started winning key races and scoring well. Tate Zischke is also solving some bike issues.
“As I’ve said before, at this time of the season, it’s about building momentum. That’s the target.”
The Aces get underway against the Spires at the NSS just down the road in Gorton from 7:30pm – best of luck to all those at Belle Vue.