British billionaire Jim Ratcliffe is the only remaining bidder for Manchester United soccer club.
PHOTO: PETER BYRNE/ZUMA PRESSManchester United shareholders are acting like despondent soccer fans after video-refereeing technology disallows a goal.
Yet they might still win the match.
The British soccer club’s publicly traded Class A shares have lost roughly 10% of their value since the weekend, when it was widely reported that British billionaire Jim Ratcliffe is in talks to buy a 25% stake through his petrochemical company Ineos.
The other bidder, Sheikh Jassim Bin Hamad al-Thani, chairman of Qatar Islamic Bank, dropped out.
Persons:
Jim Ratcliffe, PETER BYRNE, ZUMA, disallows, club’s, Sheikh Jassim Bin Hamad
Organizations:
Manchester United soccer, ZUMA PRESS Manchester United, Qatar Islamic Bank
Locations:
Thani, Qatar