Manchester United receives second bid from Qatari investors

Qatari Sheikh Jassim bin Hamad bin Jassim bin Jabr Al Thani has made a second offer to buy Manchester United football club, according to Agence France Presse, citing a close source.

A source told Agence France Presse that Sheikh Jassim was “confident” that he had presented “the best offer to the club, his fans and the local community”.

He added: “The next steps are with the seller and we don’t expect a quick response.”

In mid-February, Sheikh Jassim, the son of former Qatari Prime Minister Hamad bin Jassim, made a tentative offer to acquire Manchester United along the lines of petrochemical group Ineos, led by its British billionaire Jim Ratcliffe, which also made a second offer today as well as several Englishmen have said that the two offers exceeded 5.7 billion euros, meaning that if one of them is approved, it will be the largest deal to buy any club in the world in a group game.

For their part, the American Glazer family, the club’s current owners, set nine o’clock local time and Wednesday GMT as the maximum time limit for those wanting to buy the club to improve on their mid-February bids.

Sheikh Jassim is a longtime chairman of the Islamic Bank of Qatar and was educated at the British military academy at Sandhurst.

In a previous statement, Sheikh Jassim revealed that he “plans to restore the club to its former glory on and off the pitch and, above all, will aim to once again make fans the heart of Manchester United Football Club”, noting that the offer will be completely debt-free through Sheikh Foundation Jassim, which will invest in the football teams, training facility, stadium, wider infrastructure, fan experience and communities that the club supports.

Source: AFP

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