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Qatar is close to buying Manchester United

March 15, 2023
1 min read

According to British media reports, the bidders to buy Manchester United Football Club will hold talks with the club’s management in a stadium "Old Trafford" this week.

And Sheikh Jassim bin Hamad Al Thani and British billionaire Jim Ratcliffe have previously submitted their offers to acquire the 20-time England champion, according to AFP.

Agency said "Press Association" The British said that Sheikh Jassim’s representatives will arrive in Manchester on Thursday, and Ratcliffe is scheduled to meet with senior management the next day.

Sheikh Jassim aims for a 100 percent takeover of United and has attracted support from some fans by pledging to cancel United’s debts. As the company looks "Eneos" Ratcliffe Petrochemical Company, to control the majority of the club’s shares by buying the share owned by Glazer.

Neither bid reached the 6 billion pound ($7.2 billion) threshold set by the owners.

Inc. also succeeded "Elliott Investment Management" In moving to the next stage of the bidding process, although it will fund the club rather than take it over.

Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa.

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