List of All Articles with Tag 'b'

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Raine have continued talks with all bidders for Manchester United this week, as the prospective sale of the club enters its protracted final stages. Buyers have been reluctant to give a timescale on when they expect the process to be completed, as so many superficial deadlines have already passed. While most of the focus has been on Sir Jim Ratcliffe and Qatar’s Sheikh Jassim-fronted bid, those bidding for a minority are still in the race. Most notably, no party currently see themselves as out of it, even though the general feeling has been we are approaching the time when the Glazers are moving to “complete”. This confidence is most conspicuous with Qatar, given their camp didn't have that feeling two weeks ago. There was a widespread belief they were out of the race. The so-called “final take-it-or-leave-it” offer changed some thinking, and improved discussion. It is understood that offer is still of a lower overall value than that of INEOS, but the very fact that Qatar upped it at all is viewed as a strategic success for the Glazers. The involvement of Paris Saint-Germain’s Nasser Al Kehlaifi is also instructive, as it displays the Glazers’ intent to get Qatar to up the price. There is a view within industry circles that the United owners have long seen Ratcliffe as a “stalking horse” and that, if they are to actually sell, the intention has been to just gradually move Qatar up to the £6bn valuation. While Ratcliffe has made his valuation clear and can't really go past a certain point, after all, the Glazers are naturally conscious of Qatar's ultimately limitless wealth. It has ensured the process has become "a game", in the words of many sources. It is also why Qatar increasing their offer after the supposed last deadline is seen as a minor strategic victory for the Glazers. At the same time, there remains optimism within the INEOS camp, especially given the range of potential options they are giving the family. Avram and Joel Glazer, who are most attached to the club, could yet stay on. Chris Davidson, an academic expert on the Gulf who is a fellow at Durham University, believes the entire Qatar bid is a highly-calibrated approach that has been influenced by the purchase of Harrods in 2010. Now owned by the Qatar Investment Authority, the flagship department store was sold to Qatar Holdings for a reported £1.5bn. Sheikh Jassim’s father, the then Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani, actually flew to London to finalise the deal with Mohammed Al Fayed. The senior Jassim said at the time that Harrods would add “much value” to Qatar’s portfolio of investments, especially as a “historical place”, although Davidson points out how the state was derided for overpaying at the time. He believes this has influenced the United takeover process in two ways, both related to the image of the state. One is over the symbolism of the price. The second is over the idea of giving the impression of some separation, to put more searching questions at a distance. “They’re just calibrating their bid,” Davidson told The Independent. “They could blow anyone out of the water, but they’re calibrated to always be just a little bit around Ratcliffe. "It’s a very different approach. I think this is an example of Qatar learning a lesson they found out the hard way on Harrods, where they were repeatedly pilloried for having overpaid. They really wanted Harrods. It’s a particularly glamorous brand for people from the Gulf. The status it has given them among their Gulf rivals – not so much in the UK – is enormous. They were willing to overpay for that. I’m sure they’d be willing to overpay for Man United, too, but I think this was a case of having learned their lesson.” This then plays into another strategic purpose, which is putting a perceived difference between the bid and the state. It is all the more important given the greater focus on state ownership in sport, especially with Manchester City’s landmark treble victory and Saudi Arabia’s recent escalation in its sporting investments. One of the points that has been made about the Ratcliffe offer is that it would be much quicker and cleaner to do, as there would be no resistance from other clubs, nor human rights-related issues. The Premier League in March updated its Owners and Directors Test to include a new provision based on Global Human Rights Sanctions Regulations in 2020. Qatar has faced huge criticism from groups such as Amnesty and FairSquare, with that debate framing the entire 2022 World Cup. “By calibrating it, it just allows them to hover under the radar of being so obviously a state-backed entity, “ Davidson explains. “If they said ‘right, we want it’ just as they did with Harrods, and did a bid that blew everyone out of the water, it would be pilloried for being an uncompetitive offer that reflects badly on Qatar. It’s an ongoing calibration as far as I can see… enough to win the bid without attracting too much negative attention or too much attention it is ultimately state wealth. “If they calibrate their offer, one of the talking points becomes that it essentially can’t be state backing. Otherwise they’d throw even more of it. It’s clearly a stalking point bidding process.” INEOS are optimistic that is not the case and they have a real chance. Much will depend on how greatly the Glazers actually want to sell, which has remained a huge question throughout all of this. There remains a belief within the club itself that the Glazers’ preference is to just raise enough investment to redevelop Old Trafford but retain control. It is the poor state of the ground that has actually brought them to this point, after all, as it has started to affect revenue. Many in United’s hierarchy have taken note of just how impressive the new Tottenham Hotspur Stadium is, and what a revenue-machine it is for the London club. The current Old Trafford can’t offer that, and it was symbolic that it has been passed over for the Euro 2028 plans. That awareness runs alongside a persistent belief at the top of the game that elite clubs will see their value greatly rise in the years to come, particularly with the evolution of telecommunications and virtual reality technology. One industry source says that the new Chelsea owners were so keen to invest in the club – even for the much-pilloried £600m this season – because they believe they have bought an asset that could soon be worth £9bn for £2.5bn. The Glazers are conscious of this, too. While there had previously been a belief that the market for clubs had bottomed out, and that a sale now could offer a remarkable sum for each of the six siblings, there is also the view that this could just be a bad time to sell. They may miss out on huge future earnings. While this has been discussed among the Glazers, though, nobody really knows what they are thinking. That is especially true of the bidders now, since multiple sources maintain “you never know where you are in the race”. All of this will only become apparent whenever it ends, which is right now as much of an unknown. The hope is it’s this week, but that’s been said before, through multiple weeks. 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The final day of the Premier League season saw only the relegation battle still outstanding to be sorted, ultimately with Leeds United and Leicester City joining Southampton in dropping down to the Championship - while Everton, again, survived. Naturally there will be plenty of off-field developments at each of the relegated sides, with Leeds a good example after the agreement of a club sale to the owners of the San Francisco 49ers. Alongside that, the natural implication of failing to survive in the top flight is that bigger clubs will come calling for those players deemed too good to go down. Rumours have already circulated around a number of those names and Youri Tielemans has already agreed to join Aston Villa after deparing Leicester; here are 12 more who could easily attract a move to a top-flight club this summer if their present sides feel the need to sell to balance the books after departing the richest league on the planet. James Ward-Prowse Starting with the side who are already gone, central midfielder and dead-ball expert Ward-Prowse will certainly be in demand. An England international, the 28-year-old hasn’t been at his best this term but failings around him haven’t helped. Still has eight goals and four assists in a dismal team, and it’s hard to see him spending even a season in the Championship. Armel Bella-Kotchap While Saints’ defensive unit as a whole has been far too porous, individually there are a couple of players who have impressed. Centre-back Bella-Kotchap is one, with some tenacious displays earning him strong reviews earlier in the campaign. Put him alongside a more experienced player in a more cohesive unit and it’s safe to say his career is on an upward trajectory. Romeo Lavia Another recent recruit, teenage midfielder Lavia is already interesting plenty of top-half clubs who have been impressed with his tactical intelligence as much as his ferocious defensive work, overstretched as he has been in the middle of the park and even with one or two errors on show, as is usual for young players. Considering this was a rookie season for him in the top flight he has acquitted himself very well and the Belgian is already capped at senior international level. Kyle Walker-Peters Not so much a star for the future this time, but Walker-Peters has long since proven his capabilities in the Premier League. Add in his versatility and the fact he has only two years left on his contract and this summer seems the right one for any clubs keen on him to make their move. Kamaldeen Sulemana Of all the January arrivals who failed to impact at Saints, former Rennes man Sulemana might be the biggest disappointment - and therefore potentially the bargain with the biggest upside. At age 21 there’s a long runway for improvement for the Ghanaian, who can play wide or central in attack and showed what he’s capable of on the final day with a brace against Liverpool - but then again perhaps a season as a guaranteed starter would actually prove more beneficial for him in the long run. If Saints keep hold of him he should be a standout star in the Championship. James Maddison Moving onto the teams still fighting for survival, James Maddison looks to be one who might move on regardless of the final day. The creative attacker is certainly playing at a higher level than most of his Leicester teammates and has already been linked with the likes of Newcastle. Perhaps the only real factor at play here is the transfer fee; the Foxes might be able to ask for significantly more if they do beat the drop. Kiernan Dewsbury-Hall Might be one Leicester hope to hang onto even if they are in the second tier, given he has a very long-term contract, but Dewsbury-Hall is almost certain to have top-flight admirers. Energetic, diligent in both halves of the pitch and with a sprinkling of magic about his play, the 24-year-old is too good for the Championship but might be too pricey to prise away. Harvey Barnes Finishing up at the Foxes, Harvey Barnes is already a known target - the Independentreported Aston Villa’s keen interest in the left-sided attacking outlet this week. Despite Leicester’s struggles he has 12 goals to his name this season and with two years remaining on his deal it’s probably time to make a step up, since even if they survive this weekend, his club don’t look like mounting a real revival any time soon. Timothy Castagne Far more wing-back than full-back, Timothy Castagne is a versatile defender who has had an up-and-down time at Leicester to be kind - but Arsenal have already reportedly eyed him up as a squad booster this summer, maybe on the cheap. The 27-year-old was a big-money recruit three years ago, and still has two years left on his deal. But relegation, along with the financial struggles the club have had over the past year or so, will lower the amount the Foxes can ask for. Tyler Adams Onto Leeds and the first probable departure is American midfield dynamo Tyler Adams. An excellent ball-winner, ball-carrier and team leader in the centre of the park, it’s unthinkable he’d drop down into the second division. An injury absence at the end of this season hasn’t helped Leeds at all but he has long since shown himself a top performer. Luis Sinisterra Given the ability of some of their players, it’s a bit of a wonder Leeds are down there at all - until you watch some of the defensive work, at least. At the other end of the pitch it can be a very different matter though and Sinisterra is another who, having fought around the top of the Eredivisie for Feyenoord before a £25m last summer, surely won’t be a Championship player. Injuries have hampered him this term but he’s electric when fit. Wilfried Gnonto One of the bargains of the season, Leeds signed the Italian for about £4m in September and he is a real gem in the making. Given the length of his deal and the fact he’s only 19, perhaps he’s one of those they’ll hope to keep and shoot straight back up with - but other, bigger clubs have been impressed this season by Gnonto, make no mistake. He’s already a senior goalscorer for Italy; he probably isn’t going to be keen on facing Rotherham and Hull next term. Read More Premier League 2022/23 season awards: Best player, manager, transfer flop and breakthrough act Aston Villa sign Youri Tielemans from Leicester Man City secure landmark Champions League victory that stretches beyond historic treble Kylian Mbappe alerts Premier League clubs with surprise announcement about his future Jack Grealish revels as Manchester City parade treble Manchester City’s trophy parade in pictures

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