Qatar
the sheikh Jassim bin Hamad Al Thanipresident of one of the largest banks in Qatar, Islamic Bank of Qatarhas confirmed an offer to acquire Manchester United.
A statement confirming Al Thani’s offer stated:
- “Sheikh Jassim Bin Hamad Al Thani confirmed today (02/17) his submission of a bid for 100% of Manchester United Football Club.”
- “The bid aims to return the Club to its former glories both on and off the pitch and, above all, will seek to place the fans at the heart of Manchester United Football Club once again.”
- “The offering will be completely debt free through Sheikh Jassim’s Nine Two Foundation, which will seek to invest in the football teams, training center, stadium and broader infrastructure, fan experience and communities that support the club.”
- “The vision of the bid is for Manchester United Football Club to be recognized for its footballing excellence and regarded as the best football club in the world. Further details of the bid will be released, where appropriate, as and when the process develops. of candidacy.”
Al Thani, a chronic supporter of United and son of the former 1st. Qatari Minister, Hamad bin Jassim Al Thani (HBJ) is the 2nd. interested in formally declaring purchase interest in him, following Sir Jim Ratcliffe in January.
IneosRatcliffe’s Company, already owns French club OGC Nice and also controls the Lausanne FC, of the 2nd. Swiss Division.
A report from the UEFA Hours ago, he indicated that the ownership of several clubs is “a material threat to the integrity of European club competitions”.
United’s holding company understands that current offers are only indicative and, once the bidders reach the next stage of the process, they will enter a ‘data room’ where they will be able to access the relevant financial information and present their detailed offers when knowing the value of the assets and liabilities.
Wholesale is one of the options, and the most likely outcome, although Avram y Joel Glazer They have considered buying the shares of their other 4 siblings.
Sources close to Al Thani’s bid said that if he is successful, he will prioritize long-term and sustainable investment in all of the club’s men’s and women’s teams, with a particular focus on youth development.
He has promised to improve the club’s infrastructure, including the stadium and training facilities, and create significant long-term benefits for the Manchester community at large.
Jassim bin Hamad Al Thani Beckham. jpg
3rd. and 4th. offer
The Qatar Investment Authority (QIA) it has also been linked to a United acquisition interest. The firm is backed by the Emirate of Qatarr, although it is a separate entity from Qatar Sports Investments (QSI), owner of the Paris Saint-Germainny subsidiary of QIA.
However, the president of PSG and QSI, Nasser Al-Khelaifi, sits on the board of QIA. He is also president of the Association of European Clubs.
The UEFA rules state that clubs that have the same owner cannot participate in the same continental competitions. It’s unclear if United would consider United to have the same ownership as PSG in the event of a QIA takeover.
Meanwhile, in November, Saudi Arabian Sports Minister Prince Abdulaziz bin Turki Al-Faisalsaid he would support any offer from his country’s private sector to acquire either Manchester United or Liverpool.
But Saudi Arabia’s sovereign wealth fund already owns a majority stake in Newcastle United. And English soccer regulations do not allow multi-club ownership.
Obviously, the human rights activist groups, with strong ties to the LGBTQ+ which is forbidden in the Islamic world, questions this advance just as they did, embarrassingly, with the brilliant World Cup Qatar 2022whose success buried criticism of LGBTQ +.
FairSquare sent a letter to the president of UEFA, Alexander Ceferinurging him to block a Qatari takeover of United, while International Amnesty said that an offer from the nation would be a “sports washing exercise“.
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