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.
ADVERTISEMENT
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.
ADVERTISEMENT
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.
ADVERTISEMENT
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.
ADVERTISEMENT
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.
Ruben Amorim insists he ‘cannot’ quit as Manchester United manager
Danny Jones
Manchester United boss Ruben Amorim has reiterated that he won’t quit his job at the club and that his departure will only come through being sacked.
The struggling head coach has notched the lowest tally of any permanent manager in the post-Sir Alex Ferguson era, and despite a much-needed win against Sunderland this past weekend – not to mention a much more positive performance overall – there are still growing calls of ‘Amorim Out’.
Amorim has registered just 34 points from the 33 Premier League games he’s been in charge of so far,
Nevertheless, as per quotes from The Guardian over the weekend, the Portuguese head coach assured that he will not be stepping away from the role and would have to be sacked for him to leave Man United.
Speaking to the outlet after the 2-0 home win this past Saturday, Amorim said: “No, that is a decision of the board – I cannot do that. Sometimes I have that feeling, and losing is hard, not to create the momentum.
“It’s so frustrating when you create the momentum, go to the next game, [and] something happens. That feeling sometimes hurts me a lot. Also, the players and especially the staff here. But that is not my decision, and I think it would be really hard to leave if I don’t do everything to follow my career here.”
The 40-year-old still has the support of many supporters, but it’s fair to say that many neutrals and even die-hards who would like to believe they have put their faith in this rebuild and the INEOS project up to now are growingly increasingly impatient and doubtful, with plenty of vocal detractors already.
Amorim continued, “It’s a dream to be here and I want to continue here, and I want to fight for this; but the problem is now what makes me suffer is to lose games, not to lose my job.”
He also added the caveat that, unlike those who were unfortunately laid off during the two rounds of redundancies over the past 12 months alone, “you fear [losing] your job when you have to pay the bills, and I don’t have that feeling.”
It’s also worth noting that this is by no means the first time he’s fielded questions of the matter of resignation, having previously worried fans with divisive comments about sometimes ‘hating’ his players and flitting between wanting to either quit or echo Fergie and stay at Old Trafford for decades.
"Sometimes I want to quit, sometimes I want to be here for 20 years."
Rúben Amorim defended his emotional response after Manchester United’s defeat to Grimsby Town but admitted he wants to improve how he reacts 🗣️ pic.twitter.com/nXuN0Ztoee
Despite the United administration assuring that he has their backing, every game feels like it could be make or break for Amorim at the moment.
Although he does have the respite of the October international break coming up, the first game back is against the reigning champions Liverpool away at Anfield – a team he is yet to beat.
In fact, you could also argue that this may only serve as disruption to any kind of momentum they may have generated with the victory over the Black Cats; only time will tell.
You can see his most recent post-match press conference in full down below.
Ok, Man United fans: Amorim won’t quit, but do you think he should be sacked, or does he deserve more time?
Luke Littler announces split from management ahead of 2025 World Grand Prix
Danny Jones
Darts sensation Luke Littler has announced a split from his now former management company, ZXF Sports, with the decision coming on the eve of this year’s World Grand Prix.
Warrington-born Littler has become a superstar in his own right over the past few years, following his incredible breakthrough onto the professional scene, and it appears as though the local lad is now looking to keep moving onward and, hopefully, upward.
Confirming the parting of ways with ZXF online, Littler told his followers on social media that he will now be seeking out “new representation”.
The 2025 World Grand Prix of darts got underway on Monday evening, with Luke Littler’s first match coming against Gian van Veen on Tuesday, 7 October.
Luke Littler has announced he’s parted ways with his management team, wonder if Modus will get him now? 🤔 pic.twitter.com/Le7vyowOAt
Sharing a statement this week, the 18-year-old wrote: “I want to say a massive thank you to ZXF Sports, and especially [manager] @Martin_foulds84, for everything they’ve done for me so far in my career.
“We’ve had some amazing times together over the last 5 years, and I’ll always be grateful for the advice and support that’s helped me get to this point.
“As my career moves forward and the schedule gets busier, we’ve agreed it’s the right time for me to take the next step with new representation. Martin has been brilliant for me, and I wish him and everyone at ZXF the very best. Excited for what’s ahead.”
ZXF Sports, which is run by Foulds, heads up the PR for multiple other big darts pros, such as Chris Dobey, Andy Boulton, and Stockport’s very own Nathan Apsinall.
Littler has often referred to ‘The Asp’ as his de facto older brother on the senior circuit, having been under the same representation since 2020, when ‘The Nuke’ was still moving over from the junior scene.
Safe to say their close relationship is one that fans will be hoping remains close.
At this time, it’s still unclear if the North West sports personality has a new team lined up, but you can bank on plenty of suitors having already courted him.
Many now expect his partnership with PR company, Soapbox, to potentially ramp up – or, indeed, for leading elite darts management Modus to make him a marquee signing for the brand.
Their clients include Raymond van Barneveld and regular title rival, Michael van Gerwen.
Once again, the youngster takes on the world no.15 Dutchman tonight (Tues, 7 Oct) at the Mattioli Arena in Leicester, England, with the second slate of fixtures in round one starting from 6pm.