Connect with us

Latest

Who is bidding to buy English soccer club Manchester United?

Avatar photo

Published

on

Who is bidding to buy English soccer club Manchester United?

MANCHESTER, England (AP) — The race to buy Manchester United is taking shape.

Based on the publicly declared bids for one of the world’s most iconic soccer teams, the frontrunners are Qatari banker Sheikh Jassim bin Hamad Al Thani and local boy-turned-billionaire Jim Ratcliffe.

There is also the possibility that the current American owners, the Glazer family, could yet retain control of the team, despite raising hopes among supporters they would finally walk away after repeated attempts by fans to drive them out.

After a second round of bidding last week, Sheikh Jassim and Ratcliffe remain in contention for what is likely to be the biggest ever sale of a sports team, with the price estimated to reach up to $6 billion.

Sheikh Jassim’s latest offer was placed on Friday night, a person with knowledge of the bid said.

The person spoke on the condition of anonymity because they were not authorized to comment publicly.

American merchant bank Raine’s decision to extend the deadline for the rival bidders to fine-tune their second bids has added to the feeling that it is effectively a two-horse race if there is to be an outright takeover of the 20-time English league champions.

Raine is handling the proposed sale on behalf of the Glazers and is also exploring other “strategic alternatives” that may see the family remain in place by selling a minority stake or take up other funding options.

Advertisement
Submit your 2022 Austin Neighborhood Feedback

The Glazers, who also own the Tampa Bay Buccaneers, want the process to be completed in time for the start of the offseason transfer window, when prospective new owners would be expected to invest significantly in the team.

Finnish entrepreneur Thomas Zilliacus declared his interest over the past week. His plans include a 50% shared ownership scheme with fans.

But it is Sheikh Jassim and Ratcliffe who appear to be leading the way.

QATARI SHEIKH

Sheikh Jassim is the chairman of Qatar Islamic Bank and he is the son of a former prime minister.

He has submitted an offer to buy out the Glazer family, with the bid said to be completely separate from Qatari-owned Paris Saint-Germain.

Sheikh Jassim, who is described as a United fan, plans to buy the club through his Nine Two Foundation, which was named after the club’s famed Class of ’92 youth team that produced stars like David Beckham and Ryan Giggs. That was also the year he became a supporter.

While concerns have been raised about Qatar’s human rights record, Sheikh Jassim’s plans will appeal to fans on a number of levels.

He has promised to rid the club of debt, invest in the stadium, training center and playing squads in a bid to “return the club to its former glories both on and off the pitch.”

Advertisement
Submit your 2022 Austin Neighborhood Feedback

Meanwhile, supporters would hope a Qatar-based owner would be able to compete with the exorbitant spending of Manchester City, which is owned by Abu Dhabi’s ruling family and has dominated English soccer for the past 10 years.

JIM RATCLIFFE

The billionaire owner of petrochemicals giant INEOS is one of Britain’s richest people and a United fan since childhood.

Born in Failsworth, Greater Manchester, he says he is focused on United winning the Champions League for the first time since 2008 and making it the “number one club in the world once again.”

Ratcliffe has bid for the Glazers’ stake of about 69%, a person with knowledge of the offer said.

The person spoke on the condition of anonymity because details of the bid have not been made public.

INEOS says it is aiming for “a modern, progressive, fan-centered approach to ownership.”

Ratcliffe is said to be worth $15.1 billion and already owns French club Nice, cycling franchise Team INEOS, is one-third shareholder of the Mercedes-AMG Petronas Formula One team and competes in the America’s Cup with sailing team INEOS Britannia.

Last year, he failed in a bid to buy Premier League rival Chelsea.

Advertisement
Submit your 2022 Austin Neighborhood Feedback

ELLIOTT MANAGEMENT

American investment firm Elliott Management is an interesting addition to the process, given it has not made a bid for a full takeover.

Elliott has, however, bid for a minority stake and is prepared to offer capital or finance to other potential buyers, a person with knowledge of the process said.

The person spoke on the condition of anonymity because they were not authorized to comment publicly about the bid.

A minority stake or capital investment could provide a way for the Glazers to remain in control, while carrying out necessary development of United’s iconic, but ageing, Old Trafford stadium.

Elliott took control of AC Milan in 2018, stabilized the storied Italian club’s finances and led it to its first league title in 11 years last season.

Milan was sold to RedBird Capital Partners for about $1.3 billion last year.

___

James Robson is at https://twitter.com/jamesalanrobson

Advertisement
Submit your 2022 Austin Neighborhood Feedback

___

More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

Read More

Continue Reading
Advertisement
Click to comment

Latest

Israel hails ‘success’ after blocking unprecedented attack from Iran

Avatar photo

Published

on

Israel hails ‘success’ after blocking unprecedented attack from Iran

TEL AVIV, Israel (AP) — Israeli leaders on Sunday credited an international military coalition with helping thwart a direct Iranian attack involving hundreds of drones and missiles, calling the coordinated response a starting point for a “strategic alliance” of regional opposition to Tehran.

But Israel’s War Cabinet met without making a decision on next steps, an official said, as a nervous world waited for any sign of further escalation of the former shadow war.

The military coalition, led by the United States, Britain and France and appearing to include a number of Middle Eastern countries, gave Israel support at a time when it finds itself isolated over its war against Hamas in Gaza. The coalition also could serve as a model for regional relations when that war ends.

“This was the first time that such a coalition worked together against the threat of Iran and its proxies in the Middle East,” said the Israeli military spokesman, Rear Adm. Daniel Hagari.

One unknown is which of Israel’s neighbors participated in the shooting down of the vast majority of about 350 drones and missiles Iran launched. Israeli military officials and a key War Cabinet member noted additional “partners” without naming them. When pressed, White House national security spokesman John Kirby would not name them either.

But one appeared to be Jordan, which described its action as self-defense.

“There was an assessment that there was a real danger of Iranian marches and missiles falling on Jordan, and the armed forces dealt with this danger. And if this danger came from Israel, Jordan would take the same action,” Jordanian Foreign Minister Ayman al-Safadi said in an interview on Al-Mamlaka state television. U.S. President Joe Biden spoke with Jordan’s King Abdullah on Sunday.

The U.S. has long tried to forge a regionwide alliance against Iran as a way of integrating Israel and boosting ties with the Arab world. The effort has included the 2020 Abraham Accords, which established diplomatic relations between Israel and four Arab countries, and having Israel in the U.S. military’s Central Command, which oversees operations in the Middle East and works closely with the armies of moderate Arab states.

Advertisement
Submit your 2022 Austin Neighborhood Feedback

The U.S. had been working to establish full relations between Israel and regional heavyweight Saudi Arabia before the Oct. 7 Hamas attack sparked Israel’s war in Gaza. The war, which has claimed over 33,700 Palestinian lives, has frozen those efforts due to widespread outrage across the Arab world. But it appears that some behind-the-scenes cooperation has continued, and the White House has held out hopes of forging Israel-Saudi ties as part of a postwar plan.

Just ahead of Iran’s attack, the commander of CENTCOM, Gen. Erik Kurilla, visited Israel to map out a strategy.

Israel’s military chief, Lt. Gen. Herzi Halevi, on Sunday thanked CENTCOM for the joint defensive effort. Both Jordan and Saudi Arabia are under the CENTCOM umbrella. While neither acknowledged involvement in intercepting Iran’s launches, the Israeli military released a map showing missiles traveling through the airspace of both nations.

“Arab countries came to the aid of Israel in stopping the attack because they understand that regional organizing is required against Iran, otherwise they will be next in line,” Amos Yadlin, a former head of Israel’s military intelligence, wrote on X, formerly Twitter.

Israel’s defense minister, Yoav Gallant, said he had spoken with U.S. Defense Secretary Lloyd Austin and that the cooperation “highlighted the opportunity to establish an international coalition and strategic alliance to counter the threat posed by Iran.”

The White House signaled that it hopes to build on the partnerships and urged Israel to think twice before striking Iran. U.S. officials said Biden told Israeli Prime Minister Benjamin Netanyahu that Washington would not participate in any offensive action against Iran.

Israel’s War Cabinet met late Sunday to discuss a possible response, but an Israeli official familiar with the talks said no decisions had been made. He spoke on condition of anonymity because he was discussing confidential deliberations.

Asked about plans for retaliation, Hagari declined to comment directly. “We are at high readiness in all fronts,” he said.

“We will build a regional coalition and collect the price from Iran, in the way and at the time that suits us,” said a key War Cabinet member, Benny Gantz.

Advertisement
Submit your 2022 Austin Neighborhood Feedback

Iran launched the attack in response to a strike widely blamed on Israel that hit an Iranian consular building in Syria this month and killed two Iranian generals.

By Sunday morning, Iran said the attack was over, and Israel reopened its airspace. Iran’s president, Ebrahim Raisi, claimed Iran had taught Israel a lesson and warned that “any new adventures against the interests of the Iranian nation would be met with a heavier and regretful response from the Islamic Republic of Iran.”

The foes have been engaged in a shadow war for years, but Sunday’s assault was the first time Iran launched a direct military assault on Israel, despite decades of enmity dating back to the country’s 1979 Islamic Revolution.

Iran said it targeted Israeli facilities involved in the Damascus strike, and that it told the White House early Sunday that the operation would be “minimalistic.”

But U.S. officials said Iran’s intent was to “destroy and cause casualties” and that if successful, the strikes would have caused an “uncontrollable” escalation. At one point, at least 100 ballistic missiles were in the air with just minutes of flight time to Israel, the officials said.

Israel said more than 99% of what Iran fired was intercepted, with just a few missiles getting through. An Israeli airbase sustained minor damage.

Israel has over the years established — often with the help of the U.S. — a multilayered air-defense network that includes systems capable of intercepting a variety of threats, including long-range missiles, cruise missiles, drones and short-range rockets.

That system, along with collaboration with the U.S. and others, helped thwart what could have been a far more devastating assault at a time when Israel is already deeply engaged in Gaza as well as low-level fighting on its northern border with Lebanon’s Hezbollah militia. Both Hamas and Hezbollah are backed by Iran.

While thwarting the Iranian onslaught could help restore Israel’s image after the Hamas attack in October, what the Middle East’s best-equipped army does next will be closely watched in the region and in Western capitals — especially as Israel seeks to develop the coalition it praised Sunday.

Advertisement
Submit your 2022 Austin Neighborhood Feedback

In Washington, Biden pledged to convene allies to develop a unified response. Secretary of State Antony Blinken said the U.S. would hold talks with allies. After an urgent meeting, the Group of Seven countries unanimously condemned Iran’s attack and said they stood ready to take “further measures.”

Israel and Iran have been on a collision course throughout Israel’s war in Gaza. In the Oct. 7 attack, militants from Hamas and Islamic Jihad, also backed by Iran, killed 1,200 people in Israel and kidnapped 250 others. Israel’s offensive in Gaza has killed over 33,000 people, according to local health officials.

Hamas welcomed Iran’s attack, saying it was “a natural right and a deserved response” to the strike in Syria. It urged the Iran-backed groups in the region to continue to support Hamas in the war.

Hezbollah also welcomed the attack. Almost immediately after the war in Gaza erupted, Hezbollah began attacking Israel’s northern border. The two sides have been involved in daily exchanges of fire, while Iranian-backed groups in Iraq, Syria and Yemen have launched rockets and missiles toward Israel.

___

Federman reported from Jerusalem. Associated Press writers Zeke Miller and Michelle L. Price in Washington; Amir Vahdat in Tehran, Iran; Samy Magdy in Cairo; Omar Akour in Amman, Jordan; and Giada Zampano in Rome contributed to this report.

Read More

Continue Reading

Latest

How to get rid of NYC rats without brutality? Birth control is one idea

Avatar photo

Published

on

How to get rid of NYC rats without brutality? Birth control is one idea

New York lawmakers are proposing rules to humanely drive down the population of rats and other rodents, eyeing contraception and a ban on glue traps as alternatives to poison or a slow, brutal death.

Politicians have long come up with creative ways to battle the rodents, but some lawmakers are now proposing city and statewide measures to do more.

In New York City, the idea to distribute rat contraceptives got fresh attention in city government Thursday following the death of an escaped zoo owl, known as Flaco, who was found dead with rat poison in his system.

City Council Member Shaun Abreu proposed a city ordinance Thursday that would establish a pilot program for controlling the millions of rats lurking in subway stations and empty lots by using birth control instead of lethal chemicals. Abreu, chair of the Committee on Sanitation and Solid Waste Management, said the contraceptives also are more ethical and humane than other methods.

The contraceptive, called ContraPest, is contained in salty, fatty pellets that are scattered in rat-infested areas as bait. It works by targeting ovarian function in female rats and disrupting sperm cell production in males, The New York Times reported.

New York exterminators currently kill rats using snap and glue traps, poisons that make them bleed internally, and carbon monoxide gas that can suffocate them in burrows. Some hobbyists have even trained their dogs to hunt them.

Rashad Edwards, a film and television actor who runs pest management company Scurry Inc. in New York City with his wife, said the best method he has found when dealing with rodents is carbon monoxide.

He tries to use the most humane method possible, and carbon monoxide euthanizes the rats slowly, putting them to sleep and killing them. Edwards avoids using rat poison whenever possible because it is dangerous and torturous to the rodents, he said.

Advertisement
Submit your 2022 Austin Neighborhood Feedback

Some lawmakers in Albany are considering a statewide ban on glue boards under a bill moving through the Legislature. The traps, usually made from a slab of cardboard or plastic coated in a sticky material, can also ensnare small animals that land on its surface.

Edwards opposes a ban on sticky traps, because he uses them on other pests, such as ants, to reduce overall pesticide use. When ants get into a house, he uses sticky traps to figure out where they’re most often passing by. It helps him narrow zones of pesticide use “so that you don’t go spray the entire place.”

“This is not a problem we can kill our way out of,” said Jakob Shaw, a special project manager for People for the Ethical Treatment of Animals. “It’s time to embrace these more common sense and humane methods.”

Two cities in California have passed bans on glue traps in recent years. On the federal level, a bill currently in committee would ban the traps nationwide.

“It ends a really inhumane practice of managing rat populations,” said Jabari Brisport, the New York state senator who represents part of Brooklyn and sponsored the bill proposing the new guidelines. “There are more effective and more humane ways to deal with rats.”

Every generation of New Yorkers has struggled to control rat populations. Mayor Eric Adams hired a “rat czar” last year tasked with battling the detested rodents. Last month, New York City reduced the amount of food served up to rats by mandating all businesses to put trash out in boxes.

While the war on rats has no end in sight, the exterminator Edwards said we can learn a lot from their resilience. The rodents, he said, can never be eradicated, only managed.

“They’re very smart, and they’re very wise,” he said. “It’s very inspiring but just — not in my house.”

Read More

Advertisement
Submit your 2022 Austin Neighborhood Feedback

Continue Reading

Entertainment

Coachella: Earthquake shakes SoCal desert during music fest

Avatar photo

Published

on

Coachella: Earthquake shakes SoCal desert during music fest

RIVERSIDE, Calif. (AP) — A small earthquake shook the Southern California desert Saturday near Coachella, where the famous music festival is being held this weekend. No damage or injuries were reported.

The quake, with a preliminary magnitude of 3.8, hit at 9:08 a.m. about 8 miles (13 kilometers) northeast of Borrego Springs in Riverside County, according to the U.S. Geological Survey.

The epicenter was about 20 miles (32 kilometers) southeast of Coachella. It struck at a depth of about 7 miles (11 kilometers), the USGS said.

A dispatcher with the Riverside County Sheriff’s Department said there were no calls reporting any problems from the quake.

Read More

Continue Reading