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Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management, Sky News reported on Wednesday.
Erik ten Hag has not been informed of the finance available in the summer to strengthen Manchester United’s squad because of the uncertainty regarding the ownership. The Glazers are yet to decide whether a full sale or investment in United should occur.
The third and final deadline in the Manchester United takeover process has now passed.
Manchester United fans have been left concerned in recent days about the future ownership of the club.
Sheikh Jassim bin Hamad al-Thani remains confident he will succeed with his bid to buy Manchester United after it emerged that the Carlyle Group, a US investment firm, wants a minority stake and the Glazers have instructed Raine, the bank handling any sale, to examine the offer.
Manchester United will this week play host to the two parties bidding to become the new owners of the club. Sheikh Jassim Bin Hamad Al Thani and Sir Jim Ratcliffe and his INEOS Group confirmed their bids for United following the Glazer family announced their intention to sell last year.
David Beckham’s son Romeo is now training with the B team of Premier League side Brentford. The 20-year-old plays for Inter Miami II, previously known as Fort Lauderdale. The team is the reserve side of MLS outfit Inter Miami, part-owned by Beckham Sr.