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Sheikh Jassim withdraws from Manchester United takeover process
Sheikh Jassim withdraws from Manchester United takeover process
Sheikh Jassim has withdrawn from the process to buy Manchester United, the PA news agency understands. Fans have protested against the Glazer family since their controversial leveraged takeover in 2005 and last November’s announcement of a strategic review brought hope of change. The possibility of a full sale was mentioned and Sheikh Jassim became the first bidder to publicly confirm he had made an offer for the Old Trafford giants. Sir Jim Ratcliffe swiftly followed but the interminable potential takeover process has rumbled on as the demanding Glazer family dragged their heels. It is now understood that, following further discussions, a frustrated Sheikh Jassim has withdrawn from the process to buy the Premier League club. The Qatari banker informed the United owners of his decision in the last few days. Sheikh Jassim’s team announced in February that he had submitted a bid to buy 100 per cent of the club, promising a completely debt-free takeover via his Nine Two Foundation. The bid is understood to have eventually reached around double the current 3.2billion dollars (£2.6bn) market valuation of the Premier League club. An additional 1.7bn dollars (£1.4bn) is believed to have been pledged for infrastructure projects. Earlier this month it was reported that rival bidder Ratcliffe was considering changing his offer and buying a minority stake in United. It was reported he may seek a stake in the region of 25 per cent as part of a proposal to try to bring the drawn-out sale process to an end, having initially wanted to complete a majority takeover. If the Glazers accepted this new reported offer, it would see the American family still retain majority control of the club. United sit 10th in the Premier League after a difficult start to the season for Erik ten Hag’s team. Read More Emiliano Boffelli stars as Argentina send Wales home from World Cup Joe Root dismisses ODI retirement talk with next Cricket World Cup in his plans Michael O’Neill hails Paul Smyth impact on first Northern Ireland start
2023-10-15 02:05
Bitcoin Surge Sparked by Optimism Over ETFs Pauses Around the $30,000 Level
Bitcoin Surge Sparked by Optimism Over ETFs Pauses Around the $30,000 Level
A Bitcoin rally paused around $30,000 as investors assessed a flurry of applications in the US to start
2023-06-22 09:56
FTC to Appeal Court’s Ruling Favoring Microsoft-Activision Deal
FTC to Appeal Court’s Ruling Favoring Microsoft-Activision Deal
The US Federal Trade Commission filed a notice in court that it intends to appeal a ruling by
2023-07-13 07:38
How to Rotate Buildings in Cities: Skylines 2
How to Rotate Buildings in Cities: Skylines 2
Here's how players can rotate buildings in the popular city-builder, Cities: Skylines 2.
2023-10-31 04:39
Ruediger and Gundogan return to Flick's Germany squad
Ruediger and Gundogan return to Flick's Germany squad
Germany coach Hansi Flick named a 26-man squad for this summer's friendlies on Friday, with Antonio Ruediger, Leroy Sane and...
2023-06-02 17:56
Zippers Used by Clothing Brands Found to Contain ‘Forever Chemicals’
Zippers Used by Clothing Brands Found to Contain ‘Forever Chemicals’
A leading global supplier of zippers discovered PFAS, per- or polyfluoroalkyl substances, in the paint used on some
2023-10-24 19:00
Frozen humans could be brought back to life in next 50 years claims expert
Frozen humans could be brought back to life in next 50 years claims expert
Experts may have found a way to resurrect frozen humans in 50 to 70 years. It comes after a cryonics company was able to revive an extinct worm from 46,000 years ago, leading them to believe the method could be applied to humans. "Cryonics is a scientifically based, legal technology for preserving humans and animals in a state of deep cooling in the hope that in the future they will be resuscitated and, if necessary, cured and rejuvenated," Russian cryogenics company KrioRus explained. "For legal reasons, human cryopreservation can be carried out only after legal death." KrioRus shared how the dead patient is "immersed into a low-temperature medium where almost all chemical reactions are stopped." The first ever cryopatient, American professor James Bedford, has been preserved for almost 50 years "with no sign of change or deterioration." "In the prognosis of modern science, a cryopatient can indeed be someday revived and return to life," they said. Many more people have opted to freeze their deceased pets, with costs dependent on pet size, species and distance to the facility among other factors. A dog is said to cost around $25,000. The company claims to have cryopreserved 92 people but disclaimed that for humans to be resurrected, there must be significant progress in the medical field. "Cryobiological laboratories are few, there are no large ones at all," CEO Valeriya Udalova told MailOnline. "Even the famous laboratory 'XXI Century Medicine' is a small organization." She continued: "But even in such a deplorable situation, remarkable experiments have already been made, for example, on reversible cryopreservation of a rat kidney using gas persufflation with nanoparticles and induction heating." Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-09-06 21:08
Gordon rushes for 164 yards and 3 TDs, No. 24 Oklahoma State beats Houston 43-30
Gordon rushes for 164 yards and 3 TDs, No. 24 Oklahoma State beats Houston 43-30
Alan Bowman threw for 348 yards and two touchdowns, Ollie Gordon II rushed for 164 yards and three second half touchdowns and No. 24 Oklahoma State kept their hopes of reaching the Big 12 Championship game alive with a 43-30 win over Houston Saturday
2023-11-19 08:57
USWNT Star Crystal Dunn Shares Her Secret Weapon For On & Off The Field
USWNT Star Crystal Dunn Shares Her Secret Weapon For On & Off The Field
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2023-07-20 19:00
NATO launches Arctic manoeuvres, vowing to protect newest member Finland
NATO launches Arctic manoeuvres, vowing to protect newest member Finland
By Anne Kauranen ROVAJARVI, Finland NATO countries are in the middle of Arctic military manoeuvres, vowing on Tuesday
2023-05-30 23:49
France star footballer Mbappe visits father's native Cameroon
France star footballer Mbappe visits father's native Cameroon
France's star footballer Kylian Mbappe arrived in Cameroon to an ecstatic welcome from fans Thursday for a visit that includes charity work with deaf children and...
2023-07-07 01:37
Stock market today: Global stocks mixed before US jobs update following Bank of England rate hike
Stock market today: Global stocks mixed before US jobs update following Bank of England rate hike
Global stock markets are higher ahead of a U.S. jobs update that could influence interest rate plans after Britain’s central bank raised its key lending rate
2023-08-04 17:26