The bid led by Sheikh Jassim missed out on Manchester United but are unhappy with some of the comments that have followed
On February 21, Sir Jim Ratcliffe held court with journalists for the first time since the British billionaire acquired a 27.7 per cent stake in in a deal worth more than $1.3billion . It followed an arduous struggle for Ratcliffe, whose company INEOS saw off competition from Sheikh Jassim Bin Hamad Al Thani, the son of a former Qatari prime minister, to wrestle control of football operations at Old Trafford.
072bn to buy out the club’s shareholders and a further $731million to clear the debt, bringing together an enterprise of value of $5.8billion. They also say they pledged to invest a further $1.3billion into Manchester United, which they argue brought the overall transaction consideration beyond $7billion. Advertisement This is why they seem to have been irked by Ratcliffe appearing to concur with a journalist that their bid had not been as high as suggested.
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