Tag Archives: Team INEOS

Qatar bid for Old Trafford club Manchester United

I have always been a big Manchester United fan, and a new owner matters to me. UEFA is set to give Qatar green light to buy ManU, despite the fact that Qatar Sports Investments is the owner of Paris St. German.

Glazer is the owner of ManU today, but they`re not so popular among the supporters. The Glazer family owns the Tampa Bay Buccaneers and Manchester United. Two of the biggest names in sports, but they want to sell Manchester United. So, who will be the new owner?

Because Qatar Sports Investments is not the only bidder. A billionaire from Manchester is also interested in Manchester United: Jim Ratcliffe and is the only public bidder so far. A British petrochemicals billionaire who also is the owner of the INEOS cycling team.

Photo by vectors icon on Pexels.com

Stylized as INEOS Grenadiers (formerly Team Sky from 2010 to 2019), and Team INEOS from 2019 to 2020. The British professional cycling team competes at the UCI WorldTeam level. In 2010, the group launched the ambition of winning the Tour de France with a British rider within five years, and that goal was achieved in two years when Bradley Wiggins won the 2012 Tour de France.

Chris Froome followed up and won TdF in 2013, 2015, 2016, and 2017. They also won in 2018 with Geraint Thomas. The team won seven of the eight editions of the TdF between 2012 and 2019, with four different riders, and five grand tours between 2011 and 2021.

Sir Jim Ratcliffe has expressed strong interest in buying Manchester United. First of all, he is born in Greater Manchester United and grew up being a ManU supporter. Second, this is not about the money that has been spent or not spent. It`s about what can be done now and how important the club is to the city.

Sir Jim Ratcliffe has enough money for a takeover. He is the founder and owner of the fourth-largest chemical company (INEOS) in the world. His net worth is about £14 billion. The Glazer family`s net worth is about £3,5 billion, while the Qatar Sports Investment’s net worth is £220 billion.

The Glazer family values the club for £6 billion, but the Emir of Qatar, Sheikh Tamim bin Hamad al-Thani is interested in buying ManU for £4,5 billion.

The stock is up about $5 as I write this, but up nearly 100% in a year.

Does the Glazer family care about the money or the new owner? It remains to see.

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