Man Utd

2023 - 2 - 17

Sheikh Jassim

Post cover — Image courtesy of "Bangkok Post"

Qatar bid for Man Utd as Saudis linked with takeover (Bangkok Post)

LONDON: The race to buy Manchester United became a little clearer on Friday when a consortium led by Sheikh Jassim Bin Hamad Al Thani, chairman of Qatar ...

Asked if he had spoken to United chief executive Richard Arnold or any of the Glazer family about what could happen with the takeover, Ten Hag said: "No. They are focusing on other parts, departments of the club. How to get everything, for instance, financed." "It's our club and of course we are committed. That is what we are focusing on." The statement did not give any details on the amount proposed in the bid for the club but the price could reach a record $6 billion, according to reports.

Qatar sheikh bids for Man Utd as billionaire Ratcliffe enters race (Jakarta Post)

A consortium led by a Qatari banker announced Friday it had submitted an offer to take full control of Manchester United, with British billionaire Jim ...

"We are following it," Ten Hag said. "It's our club... On Thursday, United drew 2-2 at Barcelona in the first leg of a Europa League knockout round play-off tie, with Ten Hag insisting the speculation about the club's future would not prove a distraction to his side. United, one of the most successful clubs in English football history, have not won the Premier League since 2013 and have failed to win any silverware since 2017. The club's current owners, the US-based Glazer family, announced in November they were open to a sale of or investment in the record 20-time English champions, prompting talk of a bidding war between Qatari and Saudi Arabian interests. The bid announced Friday will be "completely debt free" via Sheikh Jassim's Nine Two Foundation, which will "look to invest in the football teams, the training center, the stadium and wider infrastructure, the fan experience and the communities the club supports".

Man Utd takeover bid confirmed by Qatari banker Al Thani (KEEPUP)

Sheikh Jassim bin Hamad bin Al Thani, chairman of the Qatar Islamic Bank, has confirmed the submission of a bid for a complete takeover of Manchester United ...

More details of the bid will be released, when appropriate, if and when the bid process develops." A widely reported statement read: "Sheikh Jassim Bin Hamad Al Thani today [Friday] confirmed his submission of a bid for 100 per cent of Manchester United Football Club. Sheikh Jassim bin Hamad bin Al Thani, chairman of the Qatar Islamic Bank, has confirmed the submission of a bid for a complete takeover of Manchester United.

Manchester United takeover: Qataris to bid for club amid interest ... (Sky Sports)

Sky Sports News understands investors from the United States and Saudi Arabia will also bid for the club, alongside Sir Jim Ratcliffe's INEOS group, who have ...

"If I was one of the other groups looking to buy Manchester United, I would be worried that the Qataris have come in and said they definitely want to buy Manchester United. "If you look at the investments they have made in the past, PSG for example who are worth £3bn-£4bn, they bought the club for around £60m to £70m. "It also helps that the president of PSG is on the UEFA Executive Committee. "There are ways around that UEFA rule - we have seen RB Salzburg and RB Leipzig play in the Champions League regularly and they are both owned by Red Bull. So if Man United and PSG were both owned by Qatari Sports Investments, then they cannot play against each other in the Champions League. They will not dance to the Glazers' tune when it comes to price. How would that work if Man United and PSG had owners who were linked to each other? They bought the rest of the shares in PSG the following summer in a deal which valued the club at €100m. A Qatari bid for United would mean they would own Old Trafford and could redevelop it working closely with the local council and supporters. Although the Glazer family want at least £5bn for United, Qatar is determined not to overpay. QSI bought a 70 per cent stake in PSG in the summer of 2011. One of the world's richest men Elon Musk has so far stayed silent on reports that he is considering making a bid.

Investors recognising clubs' value ahead of Man Utd bids, says ... (Reuters)