It’s officially deadline day for Manchester United’s prospective bidders and with multiple parties looking to take over the massive sporting franchise, it’s going to be an interesting few days ahead.
With current owners, the Glazer Family, valuing the club between at least £6-8 billion and now said to be looking for a full sale of the business as opposed to selling partial shares or welcoming new investors, it’ll simply be case a who puts forward the biggest offer.
The deadline for United‘s bidders is 10pm tonight. Here are the candidates said to be seriously considering a takeover.
Sir Jim Ratcliffe
Whoever is leading the race to take over the club is anyone’s guess but it’s fairly common knowledge that one of United’s longest-running suitors is British billionaire Sir Jim Ratcliffe, chairman and co-owner of INEOS — the chemical company who also owns French club OGC Nice.
Ratcliffe is a lifelong Red born in Failsworth who as well as being one of the richest men in Britain also already happens to own a sporting brand in Team Sky cycling, which he bought back in 2019, not mention owning shares in Mercedes F1. If anything, he is clearly a sporting man, at the very least.
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The 70-year-old has enlisted a number of banks including Goldman Sachs to help fund his bid and while many were wary his need for additional financing resembled the leveraged buyout that saw the Glazers take control back in 2005, he is said to have assured he will not load United with any more debt.
Qatar
Ratcliffe’s biggest rival is undoubtedly the Qatari consortium that is said to be heavily interested in buying Manchester United. Given the level of wealth behind those involved, significantly dwarfing the majority of other financial players, their package is widely considered the strongest of United’s bidders.
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Although the amount of money clearly won’t be an issue (try a sovereign wealth fund of £368bn), its source and connection to the state looks to be the biggest sticking point.
It has been stated that Qatar Sports Investments, a.k.a. PSG’s billionaire owners, are not involved in the bid but the financing will have to be fully vetted. Regardless, UEFA are being urged to block the move to prevent further ‘sportswashing’ and the Emir of Qatar gaining unprecedented levels of power in football.
Saudi Arabia
Despite having only recently acquired Newcastle United through the Public Investment Fund (the same sovereign wealth model Qatar are hoping to deploy), it has been reported that a rival bid from elsewhere in the Arabian Gulf could also challenge Qatar’s offer.
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The nation were confirmed to have entered the race by The Telegraph early on Friday, literally hours before the deadline, having previously been rumoured to be in the market for Chelsea before Todd Boehly’s buyout too.
Saudi Arabia obviously share the same oil-based money origins as their Middle-Eastern neighbours and the national government has already said it would back bids from their private sector, but it would still present an odd prospect to see them invest in a direct rival so early into their Newcastle project.
The US — maybe even Elon Musk?
Perhaps the most uncertain prospects are located in the US, with various groups said to have expressed interest in trying to buy the club, though little detail is still known even at this advanced stage.
However, one very wealthy individual (i.e. the richest man in the world) is rumoured to be considering a bid in some capacity: Elon Musk. Yep.
Last but not least, the possibility of investment from China has not been ruled out from the list of Man United’s bidders.
Like the Qatari royals, Chinese investors are rumoured to be putting up an estimated £5bn bid according to The Times, with the possibility of state money also present in this instance.
Once again, though, little is known about the potential investors and whether or not they are part of a large consortium but they cannot be ruled out, especially with China’s massive United fan base.
Once again, the deadline is 10pm this evening (Friday, 17 February) but the full sale will obviously be a much lengthier process, so don’t expect the cogs to start turning right away.
United fans, who would you prefer to have in charge of the club?
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We know many people’s answer is simply ‘anyone but the Glazers’ but, you know, humour us.
Featured Image — Wikimedia Commons/Jason Wong (via Lookout Point)
Sport
Pep Guardiola delivers important reminder about multiculturalism after Jim Ratcliffe controversy
Danny Jones
Manchester City manager Pep Guardiola has delivered an important message about the power of multiculturalism in his most recent press conference.
Guardiola’s comments come after the high-profile controversy surrounding his rival club across the city, Man United, whose co-owner, Sir Jim Ratcliffe, saw some of his recent remarks fall under major scrutiny.
In case you somehow missed it, the Failsworth-born British billionaire was heavily criticised after claiming he believes the UK has been “colonised by immigrants”.
Fast forward a couple of days, and while the club and the fan base are still dealing with the fallout of the story, Pep acknowledged the debate by reminding people that “embracing other cultures” makes for a “better society”.
Well put, Pep – in fact, we couldn’t have said it better ourselves.
Although he didn’t reference the 74-year-old directly after being probed on the subject by journalists, the Man City boss reiterated that his time spent living and working across the world has only broadened his mind and enriched his life.
That goes for both his professional and personal spheres, by the way, as the Catalan coach has often spoken of his love for English culture and the Manc people, specifically.
Speaking ahead of this weekend’s FA Cup game against local side Salford City, Pep described the attitudes towards immigrants around the world as a “big problem” despite most people simply leaving their country in search of “a better life”.
He also drew attention to the fact that he, like so many others in football – a sporting industry loved the world round by people from all walks of life and that the likes of Ratcliffe directly benefit from – is an immigrant working and contributing to not just the game but the British economy by being here.
Meanwhile, Manchester United have since shared a public statement on their club website and across social media, reiterating to fans and supporters the world over that they are an “inclusive club”.
‘We will continue to represent our people, our city and our fans with purpose and pride.’
The INEOS chairman, CEO and minority stakeholder in Manchester United Football Club, has since apologised (at least in part) for his “choice of language” following the divisive interview with Sky News.
In a world where plenty of people are quick to pessimism, negativity and turn to division almost by default, Pep’s message is one echoed by so many and is one that we should all keep in mind.
And for anyone who needs a more light-hearted bit of content on their timeline this week, here’s what else Pep said in his pre-match presser…
Pep Guardiola responding to a really intelligent question from a reporter:
‘Do you want to be my assistant coach, fucking hell, you are brilliant…’
Featured Images — Hayters TV (screenshot via YouTube)
Sport
Man United release statement after controversy around Jim Ratcliffe comments on immigration
Danny Jones
Manchester United Football Club have issued an official statement following the controversial comments made by co-owner Jim Ratcliffe surrounding immigration earlier this week.
This comes after Ratcliffe himself ultimately apologised for his “choice of language” in an interview with Sky News reporter Ed Conway.
His remarks, now widely publicised and having already sparked plenty of backlash and debate, have been criticised for being not only politically charged but also divisive, inflammatory and ‘inaccurate’.
Now, Man United – the global footballing brand with one of, if not the largest worldwide fan base that he has a minority stakeholding in – has shared a message online, reiterating that the organisation “prides itself on being an inclusive and welcoming club.”
Manchester United prides itself on being an inclusive and welcoming club.
We will continue to represent our people, our city and our fans with purpose and pride.
The statement reads: “Our diverse group of players, staff and global community of supporters, reflect the history and heritage of Manchester; a city that anyone can call home.
“Since launching All Red All Equal in 2016, we have embedded equality, diversity and inclusion into everything we do.
“We remain deeply committed to the principles and spirit of that campaign. They are reflected in our policies but also in our culture and are reinforced by our holding of the Premier League’s Advanced Equality, Diversity and Inclusion Standard.”
Some believe more should still have been said and earlier, especially given that the press release doesn’t reference Ratcliffe directly, but they have finally broken their silence on the matter nearly 24 hours after the fact.
As for those who haven’t dug into exactly what the 74-year-old businessman and Monaco resident said in the sit-down with Sky, you can find out more here:
As for United, their media team goes on to write: “Over the course of this season, we have participated in events and initiatives at our men’s and women’s games marking mental health, LGBTQ+ inclusion, No Room for Racism, violence against women and girls and homophobic chanting.
“We have also celebrated our supporters’ clubs’ events, including our Disabled Supporters’ Association’s Christmas Party and our Jewish Supporters’ Club’s Chanukah event.
Concluding with one final message of commitment, they add: “In the weeks and months ahead, we will be supporting further initiatives in these areas.
This update clearly comes in response not only to the calls from supporters and people around the world to reply (the news breaking late yesterday afternoon), but in the wake of the British billionaire’s apology – though many still feel it falls short of an adequate one.
As for the several notable figures to have taken issue with Ratcliffe’s remarks, the Mayor for Greater Manchester, Andy Burnham, was one of the most outspoken in his public reaction.
Despite having met and spoken with the INEOS boss on a number of ocassions as part of the Old Trafford Regeneration ‘Taskforce’, which includes plans to develop the football team’s home stadium, Burnham didn’t hold back in levelling his criticism at Ratcliffe and the wider ownership group.
Danny Jones -
17th February 2023 
