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How much is Sheikh Jassim bin Hamad Al Thani worth amid Manchester United takeover bid?
18.02.2023 - 14:43 / manchestereveningnews.co.uk
Qatari banker Sheikh Jassim bin Hamad Al Thani has confirmed that he has submitted a bid to complete a takeover of Manchester United.
It was announced shortly after 8pm on Friday evening, just under two hours before the 10pm 'soft deadline' for bidders, that the chairman of one of Qatar's biggest banks - Qatar Islamic Bank - had tabled an offer. He has joined British billionaire Sir Jim Ratcliffe in the running to buy the club from the Glazer family, though other interested parties are yet to confirm whether they have tabled official bids.
A statement confirming the bid said: "Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club.
READ MORE: Who is Sheikh Jassim bin Hamad Al Thani? Qatari banker behind United offer
"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."
It has been claimed in Qatar that Al Thani's bid to oust the Glazers exceeds €5billion, meaning United would be the subject of the most expensive takeover deal involving a sports club in history. It has, of course, sparked questions among United's
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