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    British billionaire Jim Ratcliffe officially enters race to buy Manchester United from Glazers

    Manchester United are preparing to receive multiple bids to buy the club by tonight’s 9pm deadline in what is a crucial stage of the takeover saga.

    Qatari banker Sheikh Jassim Bin Hamad Al Thani is prepared to up his bid for the club after a delegation visited Old Trafford for talks last week, while British petrochemicals billionaire Sir Jim Ratcliffe is also expected to put forward a fresh proposal. However, there are reports that several other parties are interested in the club.

    The Glazers, who bought Manchester United for £790m in 2005 and saddled the club with debt, want around £6bn, which would be a record fee for a football club. While the Americans are keen to sell, it is thought they remain open to the idea of selling only a minority stake in United and retaining control, at a time when performances on the pitch are improving under new manager Erik ten Hag and the outlook is more positive than it has been for many years.

    Follow all the latest updates on the takeover below:

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    Summer moves for Manchester United

    Manchester United midfielder Scott McTominay is reportedly a summer transfer target for Newcastle, according to The Telegraph.

    The 26-year-old Scotland international has had limited opportunities at Old Trafford this season, thanks to the arrivals of Casemiro and Marcel Sabitzer, and is believed to be open to the move.

    The Times say are also reporting that Tottenham want at least £100million up front if striker Harry Kane goes on the market this summer.

    The 29-year-old England captain has a year left on his contract and Manchester United are seemingly interested in bringing in the striker.

    Michael Jones22 March 2023 13:00

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    Qatar takeover of Man United would be new nadir for English football

    A Qatari state takeover of Manchester United would be nothing short of an English football travesty.

    This is a moment of enormity for the sport. The concern is two-fold, both having a multiplying effect on the other to pose a potentially irreversible impact on the game. At its moral core, there is English football’s biggest club being made to represent the biggest problem in football right now. United would be politically used to mitigate one of the most criticised human rights records on earth, centred on a labour system described as modern slavery, consequently making this noble institution complicit.

    United would no longer just be about Salford, Manchester and a community of fans thrilled by a glorious history of adventure and defiance. It would be about Qatar, its foreign policy and the kind of issues that just shouldn’t be a concern for football. “Sportswashing” is too soft a description for what is actually happening here, especially when you consider the other issue.

    The purchase of United by a state bid would mean the three primary countries driving the Gulf blockade all finally own major clubs in England, including the biggest of all. What would it say for what the Premier League is? The most watched league in the world would become the most morally compromised, by far greater degrees. The competition would be turned into a political arena. Manchester would be turned into a political arena. Nobody should be under any illusions about that.

    Michael Jones22 March 2023 12:52

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    Manchester United have best home support according to fan survey

    A survey of 1002 Premier League away match-attending fans, condecuted by Midnite, has discovered which stadiums have the best atmospheres.

    According to the results, Old Trafford is the highest voted for best home support in the Premier League, agreed by 20.46% of the fans.

    With a capacity of 74,000, Erik ten Hag has changed the atmosphere in and around Manchester United with his impressive results making Old Trafford the fortress it once was again.

    39% of Newcastle United fans voted the ‘Theatre of Dreams’ as their favourite away day atmosphere when they travel down from the Northern border.

    Anfield takes second place with 17.64% of the vote.

    Michael Jones22 March 2023 12:43

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    Manchester United manager Erik ten Hag staying ‘focused’ on priorities amid takeover talk

    Ratcliffe, a lifelong United fan whose chemical company Ineos are among the potential purchasers, was at their Carrington training complex on Friday as talks continue to buy out the Glazer family’s 69 percent share in the club.

    “I just met him and shook hands but I am focused on the game,” said Ten Hag, before his team faced Fulham in the FA Cup quarter-finals on Sunday. “Others in the club are dealing with potential investors.”

    Michael Jones22 March 2023 12:37

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    Sir Jim Ratcliffe could bring in financial backers to boost bid

    Sir Jim Ratcliffe is reportedly considering a number of other financial backers to help him beat Sheikh Jassim bin Hamad al-Thani in the Manchester United takeover race.

    The Qatari banker is the current frontrunner to complete a takeover of the club though Ratcliffe seeks to bring in other parties to bolster his position ahead of Wednesday’s 9pm soft deadline.

    The Daily Mail reports that the petrochemical billionaire interest in other parties is to try and increase the scope of his bid with second bids likely to surpass the £5bn mark.

    Michael Jones22 March 2023 12:30

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    Manchester United not worth Glazers’ valuation says finance expert

    Football finance expert Kieran Maguire says the suggestion that the Glazer family would receive more than £5billion for the Red Devils is way off the mark.

    In a similar comparision Todd Boehly’s consortium bought Chelsea for £4bn and with Manchester United being a more historically rich and successful side, not to mention more commerically viable, then the Glazers’ valuation doesn’t seem too over the top.

    “Manchester United is a much bigger football club than Chelsea,” Maguire told CNN. “It’s got a bigger ground. It’s got a bigger fan base. It’s a much more well-known brand.

    “It’s a bit like putting up your house for sale and you give a rough guide price. The Glazers are looking for $7.2 to $9.6 billion. It’s probably not worth that … and it comes down to how much each party is willing to compromise or to pay in terms of extra financial commitments.”

    Michael Jones22 March 2023 12:24

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    Who else is in the running?

    Sheikh Jassim of Qatar and Si Jim Ratcliffe are the faces of the two most public bids for Manchester United but up to eight interested parties toured Old Trafford and the Carrington training ground last week.

    Elliott Investment Management, a US hedge fund, are known to have contacted Raine, the bank handling the sale for the Glazer family. They’re offer is to help finance any takeover and have indicated it would give assistance to the Glazers should a sale fail to materialise.

    In that outcome Joel and Avram Glazer could potentially buy out their other siblings, as has been one rumoured option, though that borrowing would likely be leveraged against the club as opposed to the two individuals and would not go down well at all with Manchester United fans.

    Other investment groups — including Ares Management, which refused to comment on its involvement — are thought to have also offered their capital to potential bidders and the Glazer family.

    Michael Jones22 March 2023 12:17

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    Ramsey says Ratcliffe is invested in Nice

    Aaron Ramsey insists Manchester United’s bidder Sir Jim Ratcliffe wants to take Nice “to the top”. Ratcliffe, who is a United fan, bought Nice in 2019 for £88million.

    He has since attempted to buy Chelsea and now is in the running for ownership of Manchester United. Should Ratcliffe win the bidding process he may have to part ways with the French side to avoid conflicts of interest in European clashes though that is an unlikely prospect.

    Wales captain, Ramsey, who plays in midfield for Nice, said: “The owner is very passionate and very invested into Nice and wants to take Nice all the way up to the top. It’s a great project to be a part of.

    “It just feels like a family-orientated club. I’m really enjoying my football at the moment, we had a change after the World Cup with the management and they’ve hit the ground running and settled in really well.”

    Michael Jones22 March 2023 12:10

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    Sheikh Jassim ‘very confident’ about Manchester United takeover

    Sheikh Jassim bin Hamad Al Thani is said to be “very confident” second bid to buy Manchester United can win over the Glazer family.

    With the sale expected to hit around £5 billion only the Qataris are able to do a deal without Wall Street lending or investment meaning they are on a very strong footing.

    Goldman Sachs and JPMorgan Chase and Co are understood to be helping bankroll Sir Jim Ratcliffe’s offer with a mix of bonds and loans beyond the value of United’s existing gross debt of £680m.

    Ratcliffe’s track record of successful investments makes him a safer bet than many for loans but the outside market conditions may affect his bid.

    Credit Suisse were rescued by arch rival UBS over the weekend and the associated write off of $17 billion of loans means investment banks in the US are wary further losses.

    More recently Barclays has shelved two loans for Ratcliffe’s Ineos Enterprises, according to Bloomberg, but The Telegraph report sources close to Ratcliffe were dismissive that the market conditions could harm his bid.

    The same report says that Sheikh Jassim, the chairman of Qatar Islamic Bank, is very confident that his debt-free bid is the best offer on the table and will be the most beneficial for the club.

    Prospective bidders have until 9pm tonight to submit their proposals.

    Michael Jones22 March 2023 12:02

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    Full sale of Man Utd expected to go ahead

    There is a growing feeling of positivity among the bidders that the Glazers are indeed selling the club in its entirety according to Sky Sports news.

    There was a fear that the Glazers were is dispute over the club’s future, with it mooted Joel and Avram could buy out their family’s stake and accept a financial backing instead.

    This now doesn’t seem to be the case with a full sale set to go ahead.

    Michael Jones22 March 2023 11:55

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