MAN UTD TAKEOVER: SHEIKH JASSIM CONFIRMS BID TO BUY PREMIER LEAGUE CLUB

Fri 17 February 2023:

Sheikh Jassim bin Hamad bin Jaber Al Thani, the chairman of one of Qatar’s biggest banks, has confirmed a bid to buy Manchester United.

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

Al Thani, chairman of one of Qatar’s biggest banks, has long been expected to lodge a bid for United and has now spoken publicly to confirm his bid.

“Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club,” a statement read.

“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.”

Qatari investors will be confident in winning the bidding war that could reach up to £6billion.

And they have already drawn out a plan to redevelop Old Trafford, United’s training ground and the city of Manchester.

There is also understood to be interest from China and Singapore, but the primary candidates in the frame will become clear beyond the 10pm mark on Friday evening.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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