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Petrodollars flood the Premier League: now Qatar has made its offer for Manchester United official


The emir's older brother seeks to keep all the shares and make it the 'best club in the world', today valued at 6 billion euros.

Sheikh Jassim Bin Hamad Al Thani, older brother of the emir of Qatar, confirmed on Friday that he had submitted an offer to the Glazer family for "one hundred percent" of Manchester United.

In his press release, he states that the offer will be "completely free of debt" and that his objective is to turn the team into the "best" club in the world, for this reason he promises a strong investment "in the soccer teams, the training center , the stadium and in improving the relations of the fans with the club".

The current owners of Manchester United, the Glazer family, placed the sale of the club in the hands of the Raine Group bank, which they valued at around 6,000 million euros.

The deadline to submit offers for the most successful team in the United Kingdom ends this Friday.

Jassim Bin Hamad Al Thani is a member of the Qatari royal family and is determined to buy Manchester United.

The offer is set to return the club to its past glories both on and off the pitch and, above all, will seek to put the fans at the center of the club once again.

"The purchase will assume any debt through the Nine Two Foundation, which will seek to invest in the football team, the training center, Old Trafford, infrastructure improvements, fan experiences and the communities in which the club is involved," the statement said.

Qatar will enter the Manchester United project through QIB, one of the main banks in the country and whose majority shareholder is the Qatar Investment Authority fund, owner of Qatar Sports Investments (QSI), which controls PSG.

If the purchase is confirmed,

Qatar would manage the fate of two of the most powerful clubs in Europe, PSG and Manchester United,

which may cause a conflict of interest in UEFA's continental competitions.

Elon Musk, another candidate to buy United Elon Musk, a tycoon born in South Africa, but naturalized American and Canadian, and recent creditor of the social network Twitter, shareholder of the Tesla company and former owner of Pay Pal, is the richest person in the world. world with an approximate fortune of 218,000 million dollars, as confirmed by a study carried out in 2021.

As confirmed by the UK medium Sky Sports on its social networks, he intended to be one of the bidders to stay with the team in which defending Argentine world champion Lisandro Martínez acts.

His offer

would be around 4,500 million euros.

Despite the fact that the billionaire businessman once denied the possibility of buying a sports team, in August 2022 he published on his networks that "if I had to buy a club, it would be Manchester United" because it is his "favorite team from when he was little".

Judging by the 6 billion in which the "Red Devils" were valued, it seems that the eccentric millionaire will be out of the race.

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Source: clarin

All news articles on 2023-02-18

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