Qatari Shiekh Jassim Bin Hamad Al Thani has formally made a bid for English Premier League membership Manchester United, Al Thani confirmed in a press release Friday.
“Sheikh Jassim Bin Hamad Al Thani at present confirmed his submission of a bid for 100% of Manchester United Soccer Membership,” Al Thani’s assertion learn.
“The bid plans to return the membership to its former glories each on and off the pitch, and – above all – will search to position the followers on the coronary heart of Manchester United Soccer membership as soon as extra.
“The bid can be utterly debt free through Sheikh Jassim’s 9 Two Basis, which can look to spend money on the soccer groups, the coaching centre, the stadium and wider infrastructure, the fan expertise and the communities the membership helps.
“The imaginative and prescient of the bid is for Manchester United Soccer Membership to be famend for footballing excellence, and thought to be the best soccer membership on this planet.
“Extra particulars of the bid can be launched, when applicable, if and when the bid course of develops.”
Al Thani is the chairman of one in every of Qatar’s banks QIB.
CNN has reached out the membership and Raine Group – the funding banking agency dealing with the sale – for remark however didn’t instantly hear again.
In November, membership house owners the Glazer household introduced their intention to discover the sale of the membership.
Al Thani is the second identified bidder for the membership. British billionaire Jim Ratcliffe’s firm INEOS had formally entered the bidding course of to purchase the membership, in line with The Occasions final month.
Raine Group had set a Friday 10 p.m. UK (5 p.m. ET) comfortable deadline for gives, in line with a number of reviews.