Qatari Sheikh makes formal offer to buy Manchester United
Sheikh Jassim bin Hamad Al Thani, Chairman of the Board of Directors of Qatar Islamic Bank (QIB), has announced a formal offer for the complete acquisition of Manchester United Football Club.
Manchester United owners, the Glazer family, expressed their openness to the idea of selling the Red Devils last November, with the bid deadline for any investor looking to buy Manchester United closing at 1 p.m. hours in the morning, tomorrow, Saturday.
And a Qatari “consortium” led by Sheikh Jassim bin Hamad Al Thani, son of former Prime Minister Hamad bin Jasim, released a statement on Friday explaining that “Sheikh Jassim bin Hamad Al Thani confirms that he has made an offer to acquire Football the Manchester United club at 100% without providing any details about the amount offered, which according to the media cannot reach a record amount of 6 billion euros.
“The proposal aims to restore the club to its former glory on and off the field and, above all, return the fans to the heart of Manchester United Football Club,” he added.
Qatar Islamic Bank is one of the largest banks in Qatar, and its largest shareholder is sovereign wealth fund Qatar Investment Authority, owner of Qatar Sports Investment Company, which is acquiring French club Paris Saint-Germain. As for Sheikh Jassim bin Hamad Al Thani (42), he has been a fan of Manchester United since childhood.
Other offers to buy the club are expected, however, as British billionaire Jim Ratcliffe and his petrochemicals group Eneos, which already owns French clubs Nice and Swiss Lausanne, have publicly expressed interest in buying the English club. club. But the British press thought there would be a proposal led by Saudi investors.
And press reports indicated that the European Football Association (UEFA) demanded that Qatar’s acquisition of an English club be prevented “to ensure fairness in all competitions”, noting that Qatar does not acquire any clubs in the English Premier League.
The Gulf State owns French club Paris Saint-Germain through Qatar Sports Investment Company.
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