January 30 – Qatari banker Sheikh Jassim bin Hamad al Thani is reported to be seeking legal advice after claims he didn’t provide proof of funds when trying to buy Manchester United.
According to Sky, Sheikh Jassim’s £4.5 billion debt-free bid included a bank guarantee signed by the chief executive of Qatar National Bank.
British billionaire Sir Jim Ratcliffe’s Ineos Group ended up beating the Qataris to the punch with a 25% stake of Manchester United for a reported £1.03 billion.
But Sky says the Qataris’ position is that a deal to purchase 100% of United did not materialise because they refused to overpay.
They are now taking legal advice, says Sky, about whether to ask the US Securities and Exchange Commission to issue what they consider would be a corrective statement to set the record straight.
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