Qatari Billionaire's $6.5B Offer Marks New Twist in Manchester United Sale Saga: Sheikh Jassim vs. Sir Jim Ratcliffe
Portfolio Pulse from Vandana Singh
Qatari billionaire Sheikh Jassim bin Hamad al-Thani has submitted a $6.5 billion offer to acquire Manchester United plc (NYSE:MANU), competing with Ineos chief Sir Jim Ratcliffe. The offer includes an additional $1 billion of pledged investment.

June 07, 2023 | 4:13 pm
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Manchester United plc (NYSE:MANU) receives a $6.5 billion acquisition offer from Qatari billionaire Sheikh Jassim, competing with Ineos chief Sir Jim Ratcliffe.
The acquisition offer from Sheikh Jassim, along with the competition from Sir Jim Ratcliffe, could potentially drive up the acquisition price and create a bidding war. This could positively impact Manchester United's stock price in the short term as investors anticipate a higher acquisition price.
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