Sheikh Jassim makes transfer budget pledge amid changes to takeover rules

Almost seven months since the Glazers issued a statement to confirm that they were open to selling Manchester United, the club remains firmly in their grasp. British billionaire Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani have established themselves as the frontrunners to lay their hands on the club. Ratcliffe is after a majority stake while the latter wants to secure full control.

Ratcliffe has reportedly set out his desire not to add any further debt onto the club. Meanwhile, Sheikh Jassim’s bid would see him wipe all of the current debt. The Daily Mail report added there is a hope the takeover will be concluded this week.

Reports earlier this week suggested that Sheikh Jassim was on the cusp of completing a takeover of the club. However, sources close to him have said that it was just ‘pure speculation’, meaning the saga remains ongoing.

On Monday, United’s share price soared to its highest in a month and as of Tuesday lunchtime the price had risen again. However, it is not believed that Sheikh Jassim is any closer to completing a takeover than he was this time last week, despite recently tabling another improved bid.

Source: manchestereveningnews

In other news – Beyoncé’s Stockholm concerts cause inflation in Sweden

Swedish consumers can now attribute their increased bills, bills, bills to Beyoncé The chief economist at Danske Bank, the largest bank in neighboring Denmark, stated that the start of Beyoncé’s “Renaissance” world tour in Stockholm last month caused a surge in hotel and restaurant prices as thousands of fans flocked to the city, reports CNN.

Michael Grahn, the chief economist, estimated that about two-thirds of the price hikes in the hospitality sector during May were a result of the high demand from Beyoncé’s devoted fanbase, known as the BeyHive. Learn more