Manchester United takeover: Sheikh Jassim Bin Hamad Al Thani confirms Qatari bid

Sir Jim Ratcliffe is also in the running as Glazer family consider sale
Pa17 February 2023

Sheikh Jassim Bin Hamad Al Thani, the chairman of Qatari bank QIB has announced he has submitted a bid to buy Manchester United.

The Qataris are the second group, after boyhood United fan Sir Jim Ratcliffe, to confirm a bid ahead of Friday’s soft deadline of 10pm.

A statement confirmed: "Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club.

"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."

Current owners The Glazer family completed their controversial leveraged takeover at Old Trafford in 2005, a structure that did not endear themselves to United fans.

But the Qatari statement continued: "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."

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in