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FB Roundup: Sir Jim Ratcliffe, Barry Hearn, Louis Bacon

May 10, 2023

In this week’s FB Roundup, Sir Jim Ratcliffe proposes a new £5 billion Manchester United buyout bid; Barry and Eddie Hearn’s Matchroom Sport sale falls down; and hedge fund billionaire Louis Bacon wins $203 million in a defamation case.

Sir Jim Ratcliffe proposes £5 billion Manchester United buyout bid
After nearly having his dreams of owning Manchester United football club dashed after current owners the Glazer family said the team was not for sale, British petrochemicals billionaire Sir Jim Ratcliffe is proposing a full buyout of the Premiership team after three years if he succeeds with his revised £5 billion bid.

FB Roundup: Mohsin and Zuber Issa, Sir Jim Ratcliffe, Ryan Cohen

January 24, 2023

In this week’s FB Roundup, the Issa brothers explore a £13 billion merger of Asda and EG Group; Sir Jim Ratcliffe confirms his interest in buying Manchester United; and Ryan Cohen buys a stake in Alibaba Group.

Issa brothers explore £13 billion merger of Asda and EG Group
Mohsin and Zuber Issa, the billionaire brothers who own a majority stake in UK supermarket giant Asda, are exploring a potential £13 billion merger with their filling station and convenience store chain, EG Group.

The British-Indian siblings, who made their fortune co-founding the Euro Garages chain of petrol filling stations, acquired the supermarket giant in 2021 for £6.8 billion along with private equity firm TDR Capital.

FB Roundup: Sir Jim Ratcliffe, the Harris family, Rakesh Jhunjhunwala

August 22, 2022

In this week’s FB Roundup, Sir Jim Ratcliffe shows interest in buying Manchester United; the Harris family finalise a £300 million Butlins deal; and tributes are paid to veteran investor Rakesh Jhunjhunwala.

Sir Jim Ratcliffe interested in buying Manchester United football club
Lifelong Manchester United fan Sir Jim Ratcliffe is said to be interested in buying the Premier League team following reports that its current owners, the Glazer family, may be considering selling a minority stake in the club.

The British billionaire, who has a net worth of $7.18 billion, is the current chairman and chief executive of chemical company Ineos and owns cycling team Ineos Grenadiers, French Ligue 1 football team Nice and Swiss club FC Lausanne-Sport.