A consortium led by Sheikh Jassim Bin Hamad Al Thani, chairman of Qatar Islamic Bank (QIB), introduced on Friday that it had submitted a suggestion to take over English Premier League membership Manchester United.
The deadline for bids has been set at 9am AEDT at present, whereas a bunch of different bids are anticipated – reportedly together with traders from the United States and Saudi Arabia may even bid for the membership, in addition to Britain’s richest man Sir Jim Ratcliffe.
Current United house owners the Glazer household are hoping to obtain at the least 5 billion kilos ($8.75bn AUD).
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“Sheikh Jassim Bin Hamad Al Thani at present confirmed his submission of a bid for 100 per cent of Manchester United Football Club,” his press launch mentioned.
“The bid plans to return the membership to its former glories each on and off the pitch, and – above all – will search to put the followers on the coronary heart of Manchester United Football Club as soon as extra.
“The bid can be utterly debt free through Sheikh Jassim’s Nine Two Foundation, which can look to put money into the soccer groups, the coaching centre, the stadium and wider infrastructure, the fan expertise and the communities the membership helps.
“The imaginative and prescient of the bid is for Manchester United Football Club to be famend for footballing excellence, and considered the best soccer membership on the earth.”
The assertion didn’t give any particulars on the quantity proposed within the bid for the membership.
Sheikh Al Thani is a lifelong United fan and the son of a former Prime Minister of Qatar, whereas his plan to purchase the membership with none debt is available in stark distinction to the controversial Glazer household, who’ve saved the membership below tens of millions of {dollars} of debt since their takeover between 2003 and 2005.
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The iconic Old Trafford floor.Source: AFP
