Sheikh Jassim bids for Manchester United - California Observer

 


The head of Qatar’s biggest banks, Sheikh Jassim bin Hamad Al Thani, said his foundation would try to buy Manchester United.

The company Ineos, which Sir Jim Ratcliffe owns, also made an official bid before the “soft deadline” of Friday at 22:00 GMT, BBC Sport says.

Ratcliffe, a billionaire, had already said he wanted to buy Manchester United.

The Glazer family bought United in 2005 and are now “exploring strategic alternatives,” which means they are thinking about selling.

The Qatari group led by Sheikh Jassim said, “The bid plans to bring the club back to its former glory.”

Sheikh Jassim’s Nine Two Foundation will pay off the bid’s debts. In addition, the foundation will invest in the football teams, the training center, the stadium and other infrastructure, the fan experience, and the community the club helps. “The vision of the bid is for Manchester United to be known for being the best football club in the world,” the bid says...

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