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[1/3] The 80th Venice Film Festival - Premiere for the film "Zielona Granica" (Green Border) in competition - Red Carpet - Venice, Italy, September 5, 2023. "Green Border", which premieres at the Venice Film Festival on Tuesday, tells the story of refugees, charity workers, activists and border guards, whose lives intersect in the cold, swampy forests between the two east European countries. Migrants started flocking to the border in 2021, after Belarus, a close Russian ally, opened travel agencies in the Middle East offering a new unofficial route into Europe - a move the European Union said was designed to create a crisis. "If we go further on this road ... the European Union, Europe, the continent of freedom, democracy (and) human rights will disappear. "Green Border" is one of 23 movies competing for the Golden Lion award at the Venice festival, which runs until Sept. 9.
Persons: Jalal Altawil, Dalia Naous, Mohamad Al Rashi, Maja Ostaszewska, Agnieszka Holland, Behi Djanati Atai, Tomasz Wlosok, Marcin Wierzchoslawski, Fred, Holland, Crispian Balmer, Nick Macfie Organizations: Migrants, European Union, Nazi Holocaust, Golden, Thomson Locations: Venice, Italy, VENICE, Polish, Belarus, Russian, Europe, Poland, Syria, Afghanistan, Holland, East, Africa, Ukraine
Manchester United sign $1.1 bln Adidas kit deal for 10 years
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Manchester United's Mason Mount in a preseason friendly, Manchester United v Olympique Lyonnais, in Murrayfield Stadium, Edinburgh, Scotland, July 19, 2023 Action Images via Reuters/Lee SmithJuly 31 (Reuters) - Manchester United (MANU.N) signed a 900 million pound ($1.1 billion) deal with Adidas (ADSGn.DE) on Monday, renewing the English soccer club's partnership with its official kit supplier for 10 more years. Manchester United, whose U.S. owners have been considering selling the Premier League club, will return to the lucrative UEFA Champions League this year after securing a top-four finish in the domestic league last season under manager Erik ten Hag. "The new deal increases the focus on the Manchester United women's team since their reintroduction in 2018," United said in a joint press release with Adidas. The new deal with Adidas, ahead of the 2023/24 Premier League season starting next month, will continue the partnership until June 2035, the northwest England-based club said. The original agreement with Adidas links a part of the yearly payments to the club's participation in the Champions League, according to the company's latest annual report.
Persons: Manchester United's Mason, Lee Smith, Erik ten Hag, Glazer, Qatar's Sheikh Jassim bin Hamad, Jim Ratcliffe, Bjorn Gulden, Yadarisa, Nivedita Bhattacharjee, Mark Potter Organizations: Manchester, Manchester United, Olympique Lyonnais, Adidas, soccer, Premier League, UEFA Champions League, Nike, Manchester United women's, Champions League, Champions, United, Thomson Locations: Murrayfield, Edinburgh, Scotland, Thani, British, England, Bengaluru
[1/4] Soccer Football - Carabao Cup - Final - Manchester United v Newcastle United - Wembley Stadium, London, Britain - February 26, 2023 Manchester United's Antony and Bruno Fernandes celebrate with the trophy after winning the Carabao Cup REUTERS/Hannah Mckay/File PhotoJune 27 (Reuters) - Manchester United (MANU.N) on Tuesday raised its forecasts for annual revenue and adjusted profit, betting on strong commercial and matchday income as the English football club returns to the UEFA Champions League. Manchester United, which is currently in talks to sell itself, said it was expecting revenue of between 630 million pounds ($801.6 million) and 640 million pounds, compared with its previous forecast of between 590 million pounds and 610 million pounds. There were no updates on the deal from Manchester United on Tuesday and its U.S.-listed shares fell 1.4% in premarket trading. Manchester United also raised its adjusted profit forecast to between 140 million pounds and 150 million pounds for the year, compared with its previous forecast of between 125 million pounds and 140 million pounds. For the third quarter ended March 31, net loss stood at 5.6 million pounds, compared with 27.7 million pounds in the same period last year.
Persons: Manchester United's Antony, Bruno Fernandes, Hannah Mckay, Glazer, Sheikh Jassim bin Hamad, Jim Ratcliffe, Thomas Zilliacus, Eva Mathews, Anil D'Silva Organizations: Soccer, Manchester United, Newcastle United, Wembley, Carabao, REUTERS, English, UEFA Champions League . Manchester United, Reuters, Thomson Locations: London, Britain, Manchester, U.S, Sheikh, Thani, Qatar, British, Qatari, Bengaluru
LONDON, ENGLAND - JUNE 03: A Manchester United flag is waved from the stands during the Emirates FA Cup Final between Manchester City and Manchester United at Wembley Stadium on June 03, 2023 in London, England. Ratcliffe's offer envisions that the Glazers would keep some interest in Manchester United. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
Persons: Michael Regan, Qatar's Sheikh Jassim bin Hamad, Glazer, Jim Ratcliffe, INEOS, Sheikh Jassim Organizations: Manchester, Emirates, Manchester City, Manchester United, Wembley, Getty, Qatari, Manchester United . Manchester United, Representatives Locations: ENGLAND, London, England, Thani, Ratcliffe
Qatar to invest $5 billion in Iraq over coming years
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, June 15 (Reuters) - Qatar intends to invest $5 billion in a number of sectors in Iraq over the coming years, the state news agency quoted Qatar's Emir Sheikh Tamim bin Hamad al-Thani as saying on Thursday. In addition, a number of agreements were made with Qatar's private sector in the fields of energy, electricity, hotels and hospital management. Qatar is a partner in TotalEnergies' (TTEF.PA) $27 billion energy cluster of energy projects in Iraq, with a 25% stake. Qatar has said previously that, like other Gulf states, it would support regional economies through commercial investments rather by providing direct financial aid. Reporting by Clauda Tanios; Editing by Nick Macfie and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Sheikh Tamim bin Hamad, TotalEnergies, Clauda Tanios, Nick Macfie, Nick Zieminski Organizations: Basra Oil Company, Thomson Locations: DUBAI, Qatar, Iraq, Thani, Baghdad, Basra, TotalEnergies
Qatar to invest $5 bln in Iraq over coming years
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, June 15 (Reuters) - Qatar intends to invest $5 billion in a number of sectors in Iraq over the coming years, the state news agency quoted Qatar's Emir Sheikh Tamim bin Hamad al-Thani as saying on Thursday. In addition, a number of agreements were made with Qatar's private sector in the fields of energy, electricity, hotels and hospital management. Qatar is a partner in TotalEnergies' (TTEF.PA) $27 billion energy cluster of energy projects in Iraq, with a 25% stake. Qatar has said previously that, like other Gulf states, it would support regional economies through commercial investments rather by providing direct financial aid. Reporting by Clauda Tanios; Editing by Nick Macfie and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Sheikh Tamim bin Hamad, TotalEnergies, Clauda Tanios, Nick Macfie, Nick Zieminski Organizations: Basra Oil Company, Thomson Locations: DUBAI, Qatar, Iraq, Thani, Baghdad, Basra, TotalEnergies
Manchester United is widely seen as one of the most prized assets in all of sport. Shares of Manchester United jumped nearly 15% on the news, before paring some gains. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
Persons: Qatar's Sheikh Jassim bin Hamad, Glazer, Jim Ratcliffe, INEOS, Sheikh Jassim, Anirban Sen, Amy, Jo Crowley, Greg Roumeliotis Organizations: Manchester United, Qatari, Manchester United . Manchester United, National Football League's Washington, Representatives, Deloitte, Thomson Locations: Thani, Ratcliffe, New York, London
The Qatar Investment Authority (QIA) is in talks with The Sovereign Wealth Fund of Egypt (TSFE) about the deal, said two sources with knowledge of the matter, who declined to be named. The fund is considering acquiring a stake of up to 30% in the hotels, the sources said, without naming them. Relations between Egypt and Qatar soured in the wake of the Arab Spring uprisings that toppled former Egyptian President Hosni Mubarak. Regional heavyweight Saudi Arabia has led efforts to rebuild ties with Qatar and, along with Egypt, re-established diplomatic relations in 2021. Egyptian President Abdel Fattah al-Sisi met with Qatari Emir Sheikh Tamim bin Hamad al-Thani in Baghdad in August 2021 for the first time since ending the dispute.
Persons: Sheikh Hazza bin Zayed Al Nahyan, Abdel Fattah El Sisi, Sheikh Tamim bin Hamad Al Thani, St Regis Saadiyat, Egypt's TSFE, Agatha Christie's, Hosni Mubarak, Abdel Fattah al, Sisi, Sheikh Tamim bin Hamad, Hadeel El, Andrew Mills, Patrick Werr, Louise Heavens, Mark Potter, Kirsten Donovan Organizations: Abu, Abu Dhabi Executive Council, St Regis, United, United Arab Emirates, Read, Qatar Investment Authority, Sovereign Wealth Fund of Egypt, Regional, Qatar, Thomson Locations: Abu Dhabi, Egypt, Qatar, United Arab, DUBAI, Harrods, London, Aswan, Saudi Arabia, Thani, Baghdad, Ukraine, Hadeel El Sayegh, Dubai, Doha, Cairo
Italian premiers have been given state funerals in the past, but this is the first time a national day of mourning has been called for one. Italy is ruled by a right-wing coalition of Prime Minister Giorgia Meloni's party Brothers of Italy, Matteo Salvini's League and Berlusconi's former party Forza Italia. Bindi, a woman often targeted by Berlusconi's sexist jibes, said the national day of mourning was "disrespectful towards the majority" of Italians who opposed the late leader. WREATHS AND SOCCER BANNERS[1/9] People wait for the funeral of former Italian Prime Minister Silvio Berlusconi, in Milan, Italy June 14, 2023. Hungarian Prime Minister Viktor Orban was also confirmed, but few other senior European politicians were expected.
Persons: Silvio Berlusconi, Berlusconi, Giuseppe Conte, Rosy Bindi, Giorgia, Matteo Salvini's, Donald Trump, Tomaso Montanari, Nardi, Lucia Adiele, Sergio Mattarella, Elly Schlein, Mario Draghi, Mario Monti, Paolo Gentiloni, Emir Sheikh Tamim bin Hamad, Mohammed Shia, Al Sudani, Viktor Orban, Cristiano Corvino, Angelo Amante, Alvise Armellini, Federico Maccioni, Alexandra Hudson, Gavin Jones Organizations: MILAN, Italian, Reuters, Matteo Salvini's League, Forza Italia, European Commission, Siena's University for Foreigners, REUTERS, Democratic Party, Thomson Locations: Milan's Cathedral, Milan, Italy, Altamura, Thani
The funeral homily by Milan's Archbishop Mario Delpini appeared to acknowledge his excesses as well as his qualities. "What can we say about Silvio Berlusconi? [1/9] People wait for the funeral of former Italian Prime Minister Silvio Berlusconi, in Milan, Italy June 14, 2023. These included Qatar's Emir Sheikh Tamim bin Hamad al-Thani, Iraqi Prime Minister Mohammed Shia al-Sudani and Hungarian Prime Minister Viktor Orban. "Final farewell to Silvio Berlusconi.
Persons: Silvio Berlusconi, Berlusconi, Silvio, Marta Fascina, Marina, Donald Trump, Milan's, Mario Delpini, Lucia Adiele, Sergio Mattarella, Giorgia Meloni, Brothers, Matteo Salvini's, Giuseppe Conte, Rosy Bindi, Tomaso Montanari, Emir Sheikh Tamim bin Hamad, Mohammed Shia, Viktor Orban, Orban, Vladimir Putin, Putin, there's, Cristiano Corvino, Angelo Amante, Alvise Armellini, Gavin Jones, Federico Maccioni, Alexandra Hudson, Nick Macfie Organizations: MILAN, Wednesday, AC Milan soccer, Reuters, Forza Italia, Police, Italian, REUTERS, Matteo Salvini's League, European Commission, Siena's University for Foreigners, Thomson Locations: Milan, Italian, Altamura, Italy, Thani, Iraqi, Hungarian, Ukraine, Kyiv
June 13 (Reuters) - Shares of Manchester United (MANU.N) jumped 13% to hit a two-month high on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar's Al-Watan newspaper reported on Tuesday that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as the preferred bidder of the Premier League soccer club, CNBC said. Manchester United declined a Reuters request for comment. New York-listed shares of Manchester United were trading at $23.07, after rising as much as 30% before the opening bell. The Glazer family is reportedly seeking 6 billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but neither bid is that high.
Persons: Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Molly Darlington, Jim Ratcliffe's INEOS, Sheikh Jassim's, Glazer, Medha Singh, Aditya Soni, Shinjini Organizations: Manchester United, English, Watan, Premier League soccer, CNBC, Reuters, Soccer Football, Manchester City, FA, REUTERS, Mail, Thomson Locations: Qatar's Al, Old Trafford, Manchester, Britain, New York, Bengaluru
June 13 (Reuters) - Manchester United's shares (MANU.N) were up 15% in premarket trading on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar's Al-Watan newspaper reported on Tuesday evening that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as the preferred bidder of the Premier League soccer club, CNBC said. Manchester United declined a Reuters request for comment. New York-listed shares of Manchester United were up at $23.07, paring almost half their premarket gains on Tuesday. The Glazer family is reportedly seeking 6 billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but neither bid is that high.
Persons: Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Jim Ratcliffe's INEOS, paring, Glazer, Sheikh Jassim's, Medha Singh, Aditya Soni, Shinjini Organizations: Manchester United's, English, Watan, Premier League soccer, CNBC, Reuters, Manchester United, Daily Mail, Thomson Locations: Qatar's Al, . New York, Bengaluru
A statue of George Best, Denis Law and Bobby Charlton standing outside Old Trafford, home of Manchester United in Manchester, England. Shares of Manchester United rose as much as 16% in premarket trading on Tuesday after Qatari media suggested Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid. Al-Watan is co-owned by Hamad bin Jassim bin Jaber al-Thani. Shares of Manchester United, which exclusively trade on the New York Stock Exchange, were around 4% higher at 3:15 a.m. "All the news received indicates the success of Sheikh Jassim bin Hamad bin Jassim's acquisition of Manchester United, and the announcement of the deal will be very soon," he said.
Persons: George Best, Denis Law, Bobby Charlton, Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Hamad bin Jassim bin Jaber, Jim Ratcliffe, Fahad, Glazer, Ratcliffe Organizations: Manchester United, Watan, Premier League soccer, New York Stock Exchange, Twitter, Al, Al Watan Locations: Old Trafford, Manchester, England, Qatar's Al, Thani
Latest 'deadline' looms in Man Utd takeover saga
  + stars: | 2023-06-09 | by ( Mitch Phillips | ) www.reuters.com   time to read: +4 min
LONDON, June 9 (Reuters) - Manchester United fans can be forgiven if they refrain from eagerly checking the news on Friday as the latest "deadline" looms in the meandering seven-month saga of the club's sale that is beginning to resemble the final series of TV's Succession. That comes two months after a "third and final offer" was said to have been tabled. Media reports in the UK suggested that the Glazers are seeking six billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but that neither bid is that high. Further bids followed, up to the Qatari's earlier this week, which is said to include clearing nearly a billion pounds of club debt and a commitment to a major redevelopment of Old Trafford. Reporting by Mitch Phillips, editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Jassim bin Hamad, Briton Jim Ratcliffe, Sheikh Jassim, Glazer, Todd, Ratcliffe, Joel, Avram Glazer, Glazers, Erik ten Hag, United's, Mitch Phillips, Toby Davis Organizations: Manchester United, Daily Mail, Reuters, Guardian, United, Media, Premier League club Chelsea, Washington Commanders NFL, Raine Group, Ineos Grenadiers, Britain's Times, Group, Champions League, Manchester, Inter Milan, Premier League, FA Cup, Thomson Locations: Thani, Briton, Qatar, Old Trafford, Old Trafford . Manchester, France, Switzerland
The Aussie was last up 0.6% at $0.6656, after leaping as high as $0.6686, a level last seen on May 16. "For this week it will be wait-and-see mode for euro-dollar," Al-Saraf said, expecting euro-dollar to remain rangebound around 1.07. Meanwhile, the dollar was flat at 139.58 yen , while sterling fell 0.2% to $1.2410. Elsewhere, bitcoin attempted to find its feet around $25,700, after tumbling 5.1% on Monday in its biggest drop since April 19. Reporting by Samuel Indyk and Kevin Buckland; Editing by Shri Navaratnam, Kim Coghill and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
Persons: Sean Callow, Chris Turner, Mohamad Al, Saraf, bitcoin, Binance, Changpeng Zhao, Samuel Indyk, Kevin Buckland, Shri Navaratnam, Kim Coghill, Ed Osmond Organizations: Australian, Reserve Bank of Australia, U.S, Westpac, Bank of, BoC, Canadian, CENTRAL FOCUS, Market, Danske Bank, Fed, European Central Bank, Securities, Exchange Commission, SEC, Thomson Locations: U.S
May 19 (Reuters) - Every handshake would count, and Syria's President Bashar al-Assad had plenty of them at Friday's Arab League Summit - along with hugs and kisses - from his onetime foes in the region. As Assad lined up for the League's family photograph, he shook hands with his Egyptian counterpart Abdel Fattah al-Sisi. One after the other, Arab leaders welcomed Syria's return to the Arab league and during his own address, Assad repeatedly said that Syria belonged to the Arab world. Syria's state news agency had reported that the Emir and Assad shook hands and spoke briefly on the sidelines before the summit began - but there was no statement on Qatari media. An Arab official told Reuters that the Emir did not hold any bilateral meetings and left the summit before Assad spoke.
Factbox: Then and now: How Arab states changed course on Syria
  + stars: | 2023-05-19 | by ( ) www.reuters.com   time to read: +6 min
May 19 (Reuters) - President Bashar al-Assad's attendance at an Arab Summit in Saudi Arabia on Friday is the result of big policy shifts by Arab states that once backed his opponents in Syria's civil war. The support was a point of rivalry with another Gulf Arab state, Qatar, which backed Islamist groups espousing ideologies viewed with suspicion by Riyadh. It also worked with the United States in a programme to support rebels deemed moderate by Washington. As some Arab states changed course on Assad, notably the United Arab Emirates, Saudi Arabia showed no sign of bringing him in from the cold. Like other Arab states, Saudi Arabia is also expecting Assad to curb the trade in narcotics smuggled out of Syria.
"With unemployment still high, and particularly among the youth and women, structural reforms are essential for achieving strong and inclusive growth and creating more jobs," IMF official Ron van Rooden told reporters. “Despite a challenging global and regional environment, Jordan has maintained macroeconomic stability," van Rooden said. Jordan's macroeconomic stability had helped it tap more favourable interest rates from international capital markets than other sovereign countries when it issued last months' Eurobond worth $1.25 billion, he said. "We are calling Jordan a success story because they have consistently implemented sound macroeconomic policy, fiscal policy, monetary policy," he said. Inflation was on track to moderate to 2.7% in 2023 from earlier projections of 3.8% with a tight monetary policy that helped to curb global inflationary pressures, van Rooden said.
TEL AVIV — Israel and Palestinian Islamic Jihad have agreed to a cease-fire ending five days of fighting between the two sides, one U.S. official and one Israeli official told NBC News on Saturday. The fighting has killed 33 Palestinians inside Gaza, including at least 13 civilians. Over the past few days, Israel has conducted more airstrikes, killing other senior Islamic Jihad commanders and destroying their command centers and rocket-launching sites. The Israeli military alleged the targeted homes belonged to or were used by Islamic Jihad militants. Islamic Jihad has retaliated by firing over 1,200 rockets toward southern and central Israel, according to the military.
April 29 (Reuters) - Jim Ratcliffe's Ineos has outbid a Qatari group led by Sheikh Jassim bin Hamad al-Thani in the battle to buy Manchester United (MANU.N), The Times reported on Saturday, citing sources. Ineos is the only bidder to have valued the club higher than 5 billion pounds ($6.29 billion), the report added. ($1 = 0.7954 pounds)(This story has been corrected to fix the bid value in the headline and tense in paragraph 1)Reporting by Rahat Sandhu in Bengaluru; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Carlyle in talks to take stake in Manchester United - Sky News
  + stars: | 2023-04-15 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File PhotoApril 15 (Reuters) - U.S. buyout firm Carlyle Group Inc (CG.O) is in talks about a "major" investment in Manchester United soccer club as the auction of the Premier League team enters its final stages, Sky News reported on Saturday. Carlyle and Manchester United did not immediately respond to a Reuters request for comment. Sports industry news site Sportico reported earlier this month that Manchester United would accept a third round of bids from prospective buyers at the end of April. The Glazers bought Manchester United in 2005 for 790 million pounds in a highly leveraged deal that has been criticised for loading debt on to the club.
April 13 (Reuters) - Finnish businessman Thomas Zilliacus has dropped out of the bidding for Manchester United, saying delays in the sale process will make it difficult for a new owner to build a winning team. United's American owners, the Glazer family, launched a formal sale process late last year, with several bids received in February and March. read more"I have declined participation in a third bidding round for United," Zilliacus said on social media. "The delays will make it very difficult for any new owner to build a winning team for next season." Sports industry news site Sportico reported this week that Manchester United would accept a third round of bids from prospective buyers at the end of the month.
April 11 (Reuters) - Manchester United will accept a third round of bids from prospective buyers at the end of the month as the Premier League club's owners explore a sale, sports industry news site Sportico reported on Tuesday. Manchester United and Raine Group, the investment bank running the bidding process, did not immediately respond to a Reuters request for comment. United's American owners, the Glazer family, launched a formal sale process late last year, with several bids received in February and March. Any sale would likely exceed the biggest sports deal so far, the $5.2 billion including debt and investments paid for Chelsea. Reporting by Aadi Nair in Bengaluru; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Manchester United back in the black ahead of potential sale
  + stars: | 2023-03-30 | by ( ) www.reuters.com   time to read: +2 min
March 30 (Reuters) - Manchester United (MANU.N) swung to a second-quarter net profit on the back of higher commercial revenue and lower wages, the club said on Thursday. Net profit came in at 6.3 million pounds ($7.78 million) in the three months to Dec. 31, against a 1.4 million pound loss a year earlier. United said ticket sales for the current 2022/23 season have surpassed the record set in 2016/17, hitting a cumulative 2.3 million tickets sold. Prices for adult season ticket renewals have been increased by about 5% for next season, the club said. Short-term borrowing at the end of last year jumped 95% to 206.2 million pounds, the club said.
March 25 (Reuters) - Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United which is believed to be worth around 5 billion pounds ($6.12 billion), Sky News reported on Saturday. Sheikh Jassim, a son of Qatar’s former prime minister, launched the bid in February. A spokesperson representing Sheikh Jassim said at the time that the bid was completely debt free, via Sheikh Jassim's Nine Two Foundation. Finnish entrepreneur Thomas Zilliacus also placed a bid on Thursday and told Reuters that he was willing to pay a premium for the English soccer club. United are the fourth richest soccer club in the world, according to analysis by Deloitte .
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