Sheikh Jassim Bin Hamad Al Thani, the chairman of Qatari bank QIB and son of the former prime minister, has submitted a bid to complete a full takeover of Manchester United.
Sheikh Jassim, who says he is a lifelong Manchester United supporter, has pledged to invest in the football teams, training ground and stadium should he take control of the Premier League side. It is unknown how much he has bid.
Raine Group, the investment banking firm in charge of the sale of Manchester United on behalf of current owners the Glazer family, have set a soft deadline of 10pm (UK time) today for official interest to be formalised in writing. Ineos owner Jim Ratcliffe is also in the running and is likely to be the sheikh’s main competition.
A member of the Qatari royal family buying Manchester United would bring controversy, with the country, who recently hosted the men’s World Cup, having a poor record of workers, women and LGBTQ+ rights.
A statement read: “Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club.
“The bid plans to return the Club to its former glories both on and off the pitch, and – above all – will seek to place the fans at the heart of Manchester United Football Club once more.
“The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the Club supports.
“The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world.
“More details of the bid will be released, when appropriate, if and when the bid process develops.”
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