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.
The hearing over Manchester City’s 115 FFP charges will officially start next week
Danny Jones
After more than a year of speculation as to when proceedings will finally start, it has been confirmed that the hearing regarding Manchester City and their 115 FFP charges is set to begin next week.
Man City were first slapped with the laundry list of alleged breaches of FFP (financial fair play) and failure to comply with Premier League rules on profit and sustainability (PSR) back in February 2023, but little movement on the case has been reported since then.
In that time, they also won the coveted Treble and their record-breaking fourth league title in a row; meanwhile, the club have continued to deny all claims of rule-breaking.
However, it has now been revealed that City‘s hearing will now kick off on Monday, 16 September.
BREAKING: The hearing over Manchester City's 115 charges will start on Monday 🚨 pic.twitter.com/9ujOCryVMF
As explained in various reports, given the extended nature of the claims made against the Manchester side, it is estimated that the case could run on for up to two months if not longer.
Furthermore, it is thought a decision isn’t expected to arrive until spring 2025 – again, this is simply due to the number of charges brought up over the best part of a decade.
In case you need a refresher, the allegations levelled at Man City date back to 2009 and concern a supposed nine years of financial irregularities, as well as subverting UEFA FFP rules.
Some of the accusations made against them also include failing to cooperate with the European football body and the Premier League, as well as offering ‘secret contracts’ so as to pay one particular manager a larger sum than what they recorded in their financial statements.
The final verdict, whenever it is reached, will be handed down by an independent commission and City will still be able to make an official appeal.
It goes without saying that were they to be found guilty, it would be the biggest financial scandal in English football history and could be seismic for the future of money in the sport and regulations surrounding ownership, which have already grown tighter following the charges being issued.
And in case you needed a more detailed refresher on what exactly they are being tried for and what the possibilities are regarding punishment if found guilty, here’s a quick rundown:
Featured Images — Arne Müseler (via Wikimedia Commons)
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Billy Harris’ sensational Davis Cup debut helps secure GB’s opening win in Manchester
Danny Jones
Great Britain grabbed their first win in the opening game of the 2024 Davis Cup Finals group stage this week with a hard-fought day against Finland which featured a truly stunning debut from would-be dark horse Billy Harris.
‘The World Cup of Tennis’ returned to Manchester’s AO Arena on Tuesday for the next stage of the tournament, with Britain getting their Finals group games underway this past Wednesday and starting as they mean to go on.
It may have been too early to throw in Jack Draper – who despite being one of their most promising squad members is still pretty raw from his draining semi-final defeat in the US Open last week – but, thankfully, experienced Dan Evans got the ball rolling and it became a case of building on the advantage.
That being said, you could tell from the early points of Evans’ opener against world no. 703 Eero Vasa that it was going to be a long day for the home team, as the sets felt drawn out right from the off.
Birmingham’s finest was taken to a tense tie-break in the first set of the day but, tough as always, he weathered the early test and emerged with a 7-6 (3), 6-2 victory over the Finnish underdog who looked to be playing well above form.
Evans’ stamina and resilience were a big factor in their dominant display in the qualifiers last September too, but energy levels can only take you so far and after a tiring first match, Finland piled on the pressure in the doubles fixture where he and partner Neal Skupski just couldn’t quite survive two tie-break sets.
The 34-year-old duo were truly put to the test but, fortunately, the game was already a bit of a dead rubber, as the real star of the show came in the form of surprising debutant Billy Harris from Nottingham, who impressed everyone with his emphatic performance against in the other singles fixture beforehand.
Harris only earned his first ATP Tour win last year and is admittedly a bit of a latecomer to the party, but his journey is an inspiring one: working hard over the last 12 months and simply continuing to push so as to now earn his stripes with a Wimbledon debut earlier this year as well.
At 29, he’s at a crucial point in his prime years as an athlete, so it was important that he did his utmost to leave his mark on the GB squad at his first Davis Cup, and he tackled that objective head-on.
Notching a comprehensive 6-4 7-6 (7-4) win against Otto Virtanen – who is no slouch in this particular tournament – team captain Leon Smith said of the showing: “I’m thrilled for Billy – I think that’s one of the best debuts you’ll have seen. It was that good.”
Even on an early afternoon mid-working week, the second day of this year’s Davis Cup managed to attract nearly 6,500 fans to the AO Arena (roughly 90% capacity), which just goes to show how much of an appetite there is for the sport here in Manchester.
The opening rounds of the competition’s return to the city after a whopping three decades late last year saw its biggest overall attendance ever in this country and it’s clear Great Britain look very at home playing here.
Our boys take on Argentina in the next round this Friday, 13 September, where hopefully the likes of Draper can come back into the fold and give the likes of Evan, who has struggled with fitness of late, a much-needed bit of rest where possible.
Even without the likes of the now-retired Andy Murray, an injured Cam Norrie and Stockport’s Liam Broady, GB still look to be one of the teams in with a really strong chance of going all the way. Is The World Cup of Tennis ‘coming home’ and just how big a maiden tournament is Billy Harris going to have?
Danny Jones -
22nd March 2023 
