Qatari Investors Join Elon Musk, Ratcliffe In Man United Bid

1 year ago
1 min read

Sheikh Jassim Bin Hamad Al Thani, the chairman of one of Qatar’s biggest banks has officially submitted bid to buy Manchester United before the 11pm soft deadline.

Sheikh Jassim, who is a a life-long Manchester United fan is the chairman of Qatari bank QIB and the son of a former prime minister of Qatar.

The move comes ahead of Friday’s 22:00 GMT ‘soft deadline’ for submitting proposals.

READ ALSO: Elon Musk, Ratcliffe, Emir Of Qatar Make Bids For Man United Ahead Friday Deadline 

It is the second bid to be made public after businessman Sir Jim Ratcliffe stated his interest last month.

Tesla boss, Elon Musk has also made his intention known about buying the club.

“The offer aims to restore the club to its former glory, both on and off the pitch, and will focus on putting fans back at the heart of Manchester United Football Club, said the Qatari consortium.

“The offer will be completely debt-free via the Sheikh Jassim Foundation, which will invest in the teams, training facility, stadium, infrastructure and communities that the club supports”.

The Glazer family, who bought United in 2005, are considering selling the club as they “explore strategic alternatives”.

The statement from the consortium did not provide any details on the amount proposed in the bid for the club.

The Glazer family are believed to be looking for a sale price of at least £5billion.

There are also expected to be at least two offers for United from the United States, while there have been suggestions of interest from Saudi Arabia.

izu

Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.


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