Premier League
Manchester Utd negotiating exclusivity with Qatar’s Sheikh Jassim in $6 billion-plus sale talks
English football club Manchester United (MANU.N) is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday.
While a deal remains uncertain, the development represents a major milestone in the efforts of Sheikh Jassim – the son of Qatar’s former prime minister who is one of the richest men in the Gulf state – to take over the iconic sports brand.
Members of the Glazer family, which own minority stakes in Manchester United and control it thanks to a dual-class share structure, would be cashing out as part of the proposed deal, one of the sources said.
The Qatari offer is currently viewed by the Glazers more favorably than a bid from British billionaire Jim Ratcliffe, founder of chemicals producer INEOS, the sources added. Ratcliffe’s offer envisions that the Glazers would keep some interest in Manchester United.
Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. It could not be learned how long this period may last. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity.
The sources requested anonymity because the matter is confidential. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
Shares of Manchester United jumped as much as 15% on the news, and were trading up 10% at $25.53 in afternoon trading in New York on Thursday.
A $6 billion-plus deal for Manchester United would be one of the biggest ever in the sports world, following a similarly-sized sale of the National Football League’s Washington Commanders earlier this year.
It would also represent a significant premium to other soccer deals. Last year, the $3.1 billion acquisition of Chelsea Football Club by an investment group led by Todd Boehly and Clearlake Capital valued it at 5.7 times revenue for its last financial year.
A sale for more than $6 billion would value Manchester United at more than 10 times last year’s annual revenue, according to Refinitiv data.
Record 20-time English champions, Manchester United has over 650 million fans worldwide, according to market research firm Kantar. A large number of them have been clamoring for a change of ownership.
That is because the Glazers have overseen a significant downturn in the club’s fortunes, with the club winning just the last of their 20 top-flight titles in former manager Alex Ferguson’s final season in charge in 2012-13.
Manchester United won the League Cup under Erik Ten Hag this season, but their third-place finish in the league, 14 points behind local rivals and treble winners Manchester City, underscores the scale of the turnaround required.
While a section of supporters may view the deep pockets of a new Qatari owner as the quickest way to shrink the gap between United and Abu Dhabi-backed Manchester City, others have expressed “deep concern” at Qatar’s human rights record.
Several Middle Eastern nations have made huge investments in sport in recent years, leading to criticism that they are trying to “sportswash” their images.
Qatar hosted football’s showpiece event, the World Cup, in 2022, while state-run Qatar Sport Investments (QSI) owns Ligue 1 club Paris St Germain.
Saudi Arabia’s Public Investment Fund (PIF) bankrolls the breakaway LIV Golf Series, which recently agreed to merge with the PGA Tour, as well as Premier League team Newcastle United.
-Reuters
Premier League
Liverpool stay top of Premier League as Arsenal, Man City win
Liverpool beat Crystal Palace 1-0 to remain top of the Premier League as Arsenal and Manchester City came from behind to win on Saturday.
City were 3-2 victors over Fulham to stay one point behind Liverpool, alongside Arsenal who saw off Southampton 3-1.
Arne Slot has now won nine of his first 10 games since succeeding Jurgen Klopp as Liverpool manager, but was frustrated that the visitors invited a late onslaught from the winless Eagles.
Jota prodded the Reds into the lead from Cody Gakpo’s cross on nine minutes.
The Portuguese international was then guilty of missing two big chances to extend Liverpool’s advantage.
Palace failed to make them pay, but victory came at a cost for Slot as goalkeeper Alisson Becker limped off with a hamstring injury.
“If you score the second you break them mentally,” said Slot. “All the fans kept believing in a result because it was only 1-0, even though in my opinion we were the dominant team.”
Fresh from a dominant win over Paris Saint-Germain in the Champions League, Arsenal were expected to sweep aside winless Southampton.
But the Saints shocked the Emirates 10 minutes into the second half when Cameron Archer fired in his first Premier League goal since a summer move from Aston Villa.
The lead only lasted three minutes before Kai Havertz scored for the seventh consecutive home game.
Gabriel Martinelli was introduced after an hour and took just eight minutes to make his mark with a finish on the volley from Bukayo Saka’s cross.
Having set up Arsenal’s first two goals, Saka pounced on a loose ball to score the third himself.
Fulham’s outrageous opener
Rodri’s season-long absence due to a serious knee injury is expected to be a major blow to City’s chances of retaining the title for a fifth consecutive season.
But it was the Spaniard’s deputy Mateo Kovacic who scored twice to turn the game around for the champions at the Etihad.
The visitors had not lost since the opening night of the season at Manchester United and led thanks to Andreas Pereira’s finish from an outrageous backheel assist by Raul Jimenez.
Kovacic’s deflected effort quickly brought City level before a cleaner strike less than two minutes into the second half made it 2-1.
Jeremy Doku then smashed into the top corner from outside the box to give City a two-goal cushion, which they needed.
Rodrigo Muniz gave Fulham hope on 88 minutes, but City held out for a 17th consecutive win against the Cottagers.
West Ham eased the pressure on new boss Julen Lopetegui by ending a run of three home defeats to start the new season.
Michail Antonio, Mohammed Kudus, Jarrod Bowen and Lucas Paqueta struck for the Hammers in a 4-1 win over Ipswich, who are still waiting for their first Premier League win 22 years.
There were six goals before half-time as Brentford beat Wolves 5-3 to leave the visitors still rooted to the foot of the table.
Leicester secured their first league win of the season as Facundo Buonanotte’s strike beat Bournemouth 1-0.
Manchester United manager Erik ten Hag faces a huge match if he is to remain in charge when the Red Devils visit Aston Villa in the pick of Sunday’s action.
-AFP
Premier League
Premier League rejects City request to delay next season’s games after Club World Cup
The Premier League has rejected Manchester City’s request to postpone the first two games of the 2025-26 season to help the players recover after their FIFA Club World Cup campaign in the U.S., the club’s manager Pep Guardiola said on Friday.
City and Chelsea are the two English clubs who have qualified for the expanded month-long Club World Cup set to start on June 15. The Premier League’s season will begin in August.
An increasingly packed soccer calendar has been a concern among a growing number of players and managers. A report by global players’ union FIFPRO said some players get only 12% of the year to rest.
The Premier League did not immediately respond to a request for comment outside regular business hours.
City midfielder Rodri said in September that players could be close to strike action over the time they are required to play. A knee ligament injury has since put him out for the season.
“I don’t know if we will play more games than the treble year (2022-23)… maybe we’ll play less games,” Guardiola told reporters.
“The Premier League has not allowed us to postpone the first two games for our recovery. Thank you so much. They don’t postpone these games so that will be the moment of, oh, what do we have to do?”
He said the Club World Cup will make it even more difficult for clubs to manage player workload.
-Reuters
Premier League
Ten Hag’s Man United future not my call, Ratcliffe says
Manchester United co-owner Jim Ratcliffe said a decision about under-fire manager Erik ten Hag is not his call, and was reticent about whether he still has faith in the team’s boss amid their worst start to the Premier League season since 1986-87.
“I don’t want to answer that question,” Ratcliffe told the BBC. “I like Erik. I think he’s a very good coach but at the end of the day it’s not my call, it’s the management team that’s running Manchester United that have to decide how we best run the team in many different respects.
“That team that’s running Manchester United has only been together since June or July. They weren’t there in January, February, March or April — Omar (Berrada, CEO), (Sporting Director) Dan Ashworth — they only arrived in July.
“They’ve only been there . . . you can count it in weeks almost — they’ve not been there a long time so they need to take stock and make some sensible decisions.”
Ten Hag’s job was the subject of speculation for much of last season en route to the team’s lowest Premier League finish of eighth. After an FA Cup final victory over Manchester City and an end-of-season review, however, Ten Hag signed a new contract to extend his stay at Old Trafford until 2026.
“Our objective is very clear, we want to take Manchester United back to where it should be, and it’s not there yet, obviously, that’s very clear,” Ratcliffe said.
Ten Hag continues to plead for patience from fans with the team languishing 13th in the Premier League table, having lost three of their six opening games. They were headed towards defeat by Porto in the Europa League on Thursday before Harry Maguire scored a last-gasp goal to salvage a 3-3 draw.
-Reuters
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