Manchester United Football Club: Qatari Sheikh, Jassim bin Hamad Wins Bid to Buy the EPL Giants

In a seeming Arab takeover of English football clubs, Sheikh Jassim bin Hamad Al Thani of Qatar has reportedly emerged as the victor in the race to acquire Manchester United Football Club. According to a Qatari news site, the wealthy Sheikh had been engaged in a fierce bidding war with British billionaire Sir Jim Ratcliffe for control of the renowned Premier League giants.

Jerrymusa.com reports that as the chairman of Qatar Islamic Bank, Sheikh Jassim recently presented his fifth and final offer to purchase the 20-time English champions. The Glazer family, the current owners of Manchester United, have allegedly selected Sheikh Jassim’s bid as their preferred choice, as reported by Al-Watan Newspaper.

Manchester United Football Club: The Big Announcement for Sheikh Jassim bin Hamad

On Monday night, Al-Watan took to Twitter to announce that Sheikh Jassim’s takeover bid had been a resounding success and that an official announcement was imminent. Although specific details of the deal have not been disclosed, UK media sources suggest that Sheikh Jassim submitted a final bid of £5 billion on June 7, which includes assuming the club’s £1 billion debt. Furthermore, the bid reportedly includes the establishment of a dedicated fund for the club and its surrounding community, as stated in an earlier report by The Guardian newspaper.

In contrast, Sir Jim Ratcliffe, the head of the Ineos group and a devoted Manchester United supporter, aimed to acquire approximately 60 percent ownership of the club. His offer included a proposal allowing the Glazer family to remain involved for a certain period before a phased buyout takes place. Initially, the Glazers had valued the club at £6 billion when it was put on the market.

The World Awaits the Bigger Announcement By Man United

The forthcoming announcement by the Glazers, as reported by Al-Watan, will finally bring an end to one of the most protracted and closely watched football club takeovers in recent memory. Manchester United fans and football enthusiasts around the world eagerly await the official confirmation of Sheikh Jassim bin Hamad Al Thani’s successful bid, which marks a significant chapter in the club’s storied history.

As the new owner, Sheikh Jassim brings with him considerable financial resources and a strategic vision for the future of Manchester United. His acquisition is expected to inject fresh impetus into the club, enhancing its competitiveness on both the national and international stages. Supporters hope that Sheikh Jassim’s ownership will usher in an era of sustained success and stability for the beloved football institution.

Done, But Not Sorted

While the Glazer family’s decision to select Sheikh Jassim’s bid signifies a turning point in the ownership of Manchester United Football Club, the finalization of the deal and the subsequent transition of power will require regulatory approvals and official confirmation from all parties involved. The footballing world watches with bated breath as this significant milestone in Manchester United’s history draws