[Curiosities] Qatar’s Sheikh Jassim Submits $6 Billion Bid for Manchester United

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The bid would set a new record for a football club takeover.

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Rabat - Qatari businessman Sheikh Jassim bin Hamad Al Thani has submitted a final bid to buy Premier League club Manchester United, his representatives confirmed on Saturday.

The sheikh’s bid was submitted before the Friday night deadline set by the US-based Glazer family, who currently owns the club.

Although no official figure has been given by the businessman’s representatives, reports from a number of outlets are saying the offer is for £5 billion ($6 billion), which would set a new record for a financial takeover of a football club.

The offer includes “a significant amount of additional capital and infrastructure investment” that would go directly into the club, the Associated Press reported.

British billionaire Jim Ratcliffe has also submitted a similar bid according to reports, although the Glazer family could still retain control of the club if they so choose.

The two bidders had confirmed their intention to buy the Manchester club late last year after the Glazers announced their willingness to listen to offers.

United supporters have been campaigning for the American ownership to change, as they have been angered by the nature of the Glazers’ buyout that burdened the club with debts, as well as a lack of investments and sporting success over the past decade.

The American family’s later patriarch Malcolm bought the club in 2005 for $1.4 billion. They also own other sports teams such as the NFL franchise Tampa Bay Buccaneers.

link: https://www.moroccoworldnews.com/2023/04/355223/qatars-sheikh-jassim-submits-6-billion-bid-for-manchester-united

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