Sheikh Jassim bin Hamad Al Thani has positioned a bid to purchase Manchester United from the Glazer household.
It was introduced that he had accomplished so, heading up a Qatari consortium, in an announcement launched to the general public.
“Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club,” a statement read.
“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.”
Here’s every part you’ll want to find out about Man Utd’s potential subsequent proprietor.
Al Thani, born in 1982, is a Qatari billionaire and the son of the nation’s former Prime Minister, Hamad bin Jassim Al Thani.
He left his dwelling nation to be educated within the United Kingdom, attending the Royal Military Academy in Sandhurst and graduating as an officer cadet.
After that, he pursued a profession in enterprise and has since labored with a number of corporations and banks particularly as a board member and chairman.
He is stated to be a lifelong soccer and Man Utd fan and would not be the primary in his household to work within the sport too together with his father concerned within the working of PSG.
The foremost function of Al Thani’s profession so far has been his place as chairman of Qatar Islamic Bank, one of many largest banks within the nation.
He stays in that place as we speak and has seen it develop to change into the third most respected firm in Qatar, based on Forbes.
The Qatari has additionally beforehand been a board member at Credit Suisse, one of many largest funding banks on the earth.
Al Thani has by no means ventured into the world of sports activities professionally earlier than, together with his closest connection his father who is concerned with PSG.
How a lot Al Thani himself is worth is considerably unclear, however given his place as QIB chairman and the household that he is part of, it is protected to imagine that he is a billionaire.
His household, Qatar’s royals, is worth round £275bn, and Forbes estimates he himself has a internet worth of simply over £1bn.
It was anticipated for a very long time that Al Thani would bid for Man Utd.
He has confirmed that he, together with the remainder of the Qatari consortium he is heading up, intends to personal 100% of the Premier League membership and make investments closely within the coaching floor and stadium.
No particulars have been supplied on how a lot cash has been provided to the Glazers, however it has been said that the bid is “completely debt free.”
It’s not the one that has been positioned, with Sir Jim Ratcliffe, the British billionaire that owns INEOS, additionally submitting one.
Controversy has surrounded Al Thani’s bid for the membership as a consequence of the truth that he is a member of Qatar’s royal household.
The nation has a poor file on human rights with the remedy of migrant employees, girls and LGBTQ+ individuals being significantly regarding.
This bid is not coming from state-owned Qatar Sports Investment, who personal PSG, with UEFA legal guidelines prohibiting full possession of a number of golf equipment by any group or particular person.
However, given Al Thani’s id, the nation would nonetheless successfully personal Man Utd too within the eyes of many.