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Man Utd receives bid from Qatari banker kicking off £6billion fight to purchase out Glazers | Football | Sport

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The Raine Group bank overseeing the method to purchase United has set a deadline of 10pm on Friday to submit bids for the Premier League club. Al Thani confirmed his offer on Friday evening via an announcement. 

A suggestion within the region of £4-5bn has been made. He has promised fans that he’ll return United to their ‘former glories’.

An announcement read: “Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club.

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“The bid plans to return the Club to its former glories each on and off the pitch, and – above all – will seek to position the fans at the guts of Manchester United Football Club over again. The bid might be completely debt free via Sheikh Jassim’s Nine Two Foundation, which is able to look to take a position within 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 thought to be the best football club on the earth. More details of the bid might be released, when appropriate, if and when the bid process develops.”

Wide-ranging reports in England claim that the bid is within the region of £4-5bn. Which means it could meet the Glazers’ apparent valuation of around £5billion. It comes nine months after Premier League rivals Chelsea were sold to the Boehly-Clearlake capital consortium for £2.5bn.

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Nonetheless, a contrasting report from French outlet L’Equipe place Al Thani’s bid at £3.9bn. That might fall wanting what the Glazers want for the fallen giants, with the Americans hoping for a fee closer to £6bn.

Al Thani is the chairman of the Qatari bank QIB and claims to be a lifelong United fan. He was pictured on the stage of the World Cup Final ceremony and was ceaselessly seen with VIP guests – including David Beckham – in the course of the tournament. The 40-year-old is the son of the previous prime minister. 

Sir Jim Ratcliffe – Britain’s richest man and the founding father of INEOS – can be involved within the bidding process. 

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