Remember the bidding war for English football club Manchester United? It’s nearing its end – and it appears the English might be sniggering up their sleeves a little bit:
Qatar’s Sheikh Jassim bin Hamad Al Thani could be overpaying for Manchester United by up to 2.5 billion pounds ($3.16 billion) if his proposed takeover of the British soccer club is finalized.
Sheikh Jassim, a Qatari banker and son of a former Qatari prime minister, is favorite to acquire the Red Devils, after reports emerged Thursday that the offer by the main rival bidder — British billionaire and CEO of chemicals company INEOS Jim Ratcliffe — was “dead in the water.” [AL-Monitor]
Sure, the current owners are American, but that shouldn’t stop at least some sniggering. It’s a helluva ripoff of the sheikh. But maybe the sheikh is so bloody rich that he doesn’t care.
