Al Thani, the chairman of one of Qatar’s largest banks, had long been expected to make a bid for United and has now spoken publicly to announce his intention to do so.
“Sheikh Jassim Bin Hamad Al Thani today revealed that he has submitted a bid for 100% ownership of Manchester United Football Club.” “a statement stated.
“The proposal aims to restore the Club’s past glory both on and off the field, and, above all, to put fans back at the heart of Manchester United Football Club.
“The proposal will be debt-free thanks to Sheikh Jassim’s Nine Two Foundation, which will invest in the football teams, the training facility, the stadium and surrounding infrastructure, the fan experience, and the communities that the Club supports.
“The bid envisions Manchester United Football Club as the finest football club in the world, recognized for footballing prowess. Additional information about the bid will be made available as the bid process progresses.”
Raine Group, who is handling the sale, has set a February 17 deadline, and United expects numerous offers for the club.
Sir Jim Ratcliffe, a British billionaire, is said to be interested in purchasing the club, and there is also thought to be interest from China and the United States.
The Glazer family expects to get at least $6 billion for the sale of the club, while sources say that amount might reach as high as $10 billion depending on the volume of official interest prior to the deadline.
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