Qatari banker Sheikh Jassim bin Hamad Al Thani confirms Manchester United takeover bid
Sheikh Jassim bin Hamad Al Thani, the chairman of one of Qatar’s biggest banks - Qatar Islamic Bank, has confirmed he has submitted a bid to takeover Manchester United. Potential buyers were asked to table their proposals by 10pm on Friday for the club’s soft deadline.
"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." A wholesale sale is one of the options - and the most likely outcome - although Avram and Joel Glazer have also considered buying out the shares of their other four siblings.
US bankers The Raine Group have been drafted in to help with the process having played an integral role in Chelsea’s sale to American businessman Todd Boehly last year. Uefa rules state that clubs which have the same owner cannot enter the same continental competitions. It’s unclear whether it would deem United as having the same owner as PSG should a QIA takeover occur.
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