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Al-Marsad-Agencies Newspaper: A Qatari investor made a historic offer to acquire Manchester United, owned by the American Glazer family.
After 17 years of ownership, the Glazer family wants to sell the Red Devils club, with expectations that the deal will break records for the largest sale of sports clubs for about $6.4 billion.
Billionaire Jim Ratcliffe entered into a race to buy Manchester United with Sheikh Jassim bin Hamad Al Thani, who in turn announced in an official statement that he had submitted an offer to acquire the shares of the team.
Who is Sheikh Jassim bin Hamad?
Jassim was born in 1982. He is a Qatari banker and fan of Manchester United. His father, Hamad bin Jassim bin Jabor Al Thani, served as Prime Minister of Qatar between 2007 and 2013.
Jasim was educated at the Royal Military Academy Sandhurst, UK, and graduated as an officer cadet. However, he is currently the Chairman of the Board of Directors of Qatar Islamic Bank (QIB), ranked third in the list of the 30 best companies in Qatar, according to Forbes Middle East.
Jassim was previously a member of the Board of Directors of Credit Suisse Bank. Forbes estimated his wealth at $1.3 billion, making him one of the most wealthy in the Gulf emirate.
And with the “Red Devils” not winning the local league championship for ten years, Jassim promised, in a statement on Friday evening, to “restore the club to its former glories” and eliminate its debts (580 million euros), in addition to pumping investments into football teams and a center. Training, stadium and wider infrastructure.