After weeks of speculation, Qatar have finally lodged their bid to purchase Manchester United in a total package that is worth up to £5billion.
Although United are yet to respond, it’s understood that figure still falls £1bn short of the Glazers’ £6bn valuation of the club – although it’s unclear whether any potential buyers have matched their valuation.
Sheikh Jassim Bin Hamad Al Thani confirmed Qatar’s offer via a statement on Friday evening as he outlined his intentions to restore “former glories both on and off the pitch.”
The statement read: “Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club. The bid plans 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 more.
“The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which 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 vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world. More details of the bid will be released, when appropriate, if and when the bid process develops.”
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