State ownership of Manchester United would set a dangerous precedent
The betrayal of Manchester United occurred decades ago yet the prospect of Britain’s most famous club becoming a front for sportswashing is a particularly depressing thought.
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The betrayal of Manchester United occurred decades ago yet the prospect of Britain’s most famous club becoming a front for sportswashing is a particularly depressing thought.
Manchester United are up for sale and today is the deadline for any investors interested in purchasing the club from the Glazers to submit their bids.
UEFA says multi-club ownership poses “a material threat to the integrity of European club competitions” amid reports of takeover interest in Manchester United from Qatari backers.
Manchester United drew 2-2 with Barcelona in the first leg of their Europa League play-off tie on Thursday night thanks to a Marcus Rashford strike and an own-goal.
Former Bayern Munich CEO and current board member Uli Hoeness warned of the growing influence of foreign money in football, while taking a swipe at Champions League last 16 opponents Paris Saint-Germain. Speaking at an event in Hanover, Hoeness said traditional clubs such as Bayern could fall behind football's elite and urged German club ownership rules be relaxed to allow teams to attract outside investors. PSG are owned by Qatar Sports Investments (QSI), a subsidiary of the state's sovereign wealth fund.
Saudi Arabia has formally submitted a bid to buy the Premier League football club Manchester United PLC. In what could turn into a bidding war for the club with one of the richest legacies in English football, the report further said that several private groups in Riyadh have made formal inquiries.British billionaire Jim Ratcliffe, a life-long supporter of the club and founder of chemicals firm INEOS, is a likely bidder, along with US private equity firms, sources told Reuters.As per another report by Bloomberg News, Qatari Royals are readying an opening bid of approximately 5 billion pounds.
Saudi Arabia has submitted a bid for British soccer club Manchester United PLC ahead of Friday's deadline, the Telegraph reported on Thursday.
The value of Manchester United has soared on the stock market ahead of the soft deadline for takeover bids to be submitted.