Sheikh Jassim bin Hamad Al Thani ups financial offer to acquire United from wealthiest Britons

    Sheikh Jassim bin Hamad Al Thani, the son of the former Qatari prime minister, has reportedly made a new offer to buy Manchester United over the past few hours.

    And according to the British network Sky News, Sheikh Jassim bin Hamad Al Thani increased his financial offer to 5 billion pounds, which is equivalent to about 6.12 billion US dollars.

    Competition for the historic English champion has intensified as the royal family has announced that he will be up for sale shortly.

    And Britain’s Financial Times reported last Wednesday, citing close sources, that British billionaire Jim Ratcliffe plans to offer more than £5bn to buy the club.

    Ratcliffe is primarily a Manchester United fan and topped the list of Britain’s richest businessmen in 2018 with an estimated net worth of £21bn.

    Ratcliffe tried to buy English club Chelsea despite his penchant for Manchester United, but an alliance led by American businessman Todd Boyle purchased the Blues.

    The British billionaire and his company own many sports investments, since 2017 they own the Swiss club Lausanne, as well as the French club Nice, as well as a yacht and bicycle racing team.

    Finnish businessman Tomas Ziliakos also announced his entry into the circle of competitors by announcing an unconventional bid to buy Manchester United.

    In a lengthy statement released last Thursday, Tomas Ziliakos, founder and chairman of the Mobile FutureWorks Group, announced an unconventional proposal to finance half of the amount needed to acquire the club, with an option for fans to buy the other half through a new construction company.

    The Finnish businessman also promised that every fan who contributes will have access to the app to vote on all Manchester United-related football matters.

    And the Manchester Evening News reported that the American investment management company Elliott Management, formerly owned by the Italian company AC Milan, has submitted an offer to buy a minority stake in Manchester United.

    There has been a large Arab presence in the English Premier League lately, not only at the level of players such as Egyptian star Mohamed Salah and Algerian Riyad Mahrez, Liverpool and Manchester City players respectively, but also at the level of the clubs themselves.

    Ownership of Manchester City was transferred in 2008 to Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court in the UAE, which went on to become one of the “City Football Group” clubs that became one of the most important giant investment groups in world football.

    The Saudi Investment Fund also acquired Newcastle United in recent months and has managed to put together a strong side that rivals the older generation at the Golden Square this season.

    Source: agencies

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