In the latest sports betting news, we are talking about the Manchester United sale. Normally, we would be seeing a lot of action on Man U for their matches and players. But today, wagers could be placed on who will eventually own the team.
The last few month have been busy for the Glazer family, who own the football club. They bought the club back in 2005 for $1.4 billion. It is rumored that they are selling for $6 billion in exchange of full ownership of Manchester United.
Of course, If you want to be a successful bookie, you need to keep track of these updates. Knowing who will own one of the most popular and successful football clubs in Europe is a big deal, and can affect the outcome of the leagues they join.
Who are Bidding for the Manchester United Sale: What We Know So Far
The first bidder is Sir Jim Ratcliffe, owner of INEOS. Ratcliffe wanted to, but failed to purchase the club last year. They have formally submitted a bid before the deadline for a majority ownership of the club. They want to implement a modern, progressive, and fan-centered approach to ownership. Manchester United is, after all, the boyhood club of Sir Ratcliffe. Your bookie PPH will see a lot of activity where fans are loyal to their teams and clubs. In Sir Ratcliffe’s case, it would be purchasing an entire football club.
The other bidder is from Qatari Sheik Jassim, with a debt-free offer. They also said that they want Manchester United to be the greatest football club in the world. The bid is debt-free through the Nine Two Foundation, which looks to invest in football teams, training centers, stadium, and other infrastructure, as well as fan experience and the communities that the club supports. Qatari Sheikh Jassim bin Hamad Al Thani is the chairman of Qatar Islamic Bank. His father was the former prime minister of Qatar.
