Qatar Consortium Confirms Bid For Complete Management Of Manchester United

A consortium led by Sheikh Jassim Bin Hamad Al Thani, chairman of Qatar Islamic Bank (QIB), introduced on Friday that it had submitted a proposal to take over English Premier League membership Manchester United. The American Glazer household, who accomplished their takeover of the 20-times English champions in 2005, introduced in November that they had been open to a sale or funding. British billionaire Jim Ratcliffe’s Ineos firm formally joined the race to purchase the membership final month — the one bidder to publicly declare an curiosity up to now.

“Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club,” his press launch stated.

The assertion didn’t give any particulars on the quantity proposed within the bid for the membership however the value might attain a file 6 billion euros, in line with experiences.

“More details of the bid will be released, when appropriate, if and when the bid process develops,” stated the assertion which added that the bid “will be completely debt free” by way of Sheikh Jassim’s Nine Two Foundation.

“(It) 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 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 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 American Glazer household, who accomplished their takeover of the 20-times English champions in 2005, introduced in November that they had been open to a sale or funding.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

Featured Video Of The Day

Sachin Tendulkar Pictured Outside Restaurant With Wife Anjali