One of Qatar's largest banks, Qatar Islamic Bank, chairman Sheikh Jassim bin Hamad Al Thani, has acknowledged he had made a bid to acquire Manchester United. Last Friday was the deadline set by the club and prospective buyers were urged to submit their ideas by that time.
A statement confirming the bid from Al Thani said: "Sheikh Jassim Bin Hamad Al Thani confirmed his submission of a bid for 100 per cent of Manchester United Football Club.”
“The bid promises to put the supporters back at the centre of Manchester United Football Club once more, and will seek to restore the Club to its previous glory both on and off the pitch," according to the statement.
The bid will be completely debt free via Sheikh Jassim's Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the Club supports.
The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world. More details of the bid will be released, when appropriate, if and when the bid process develops.
After Sir Jim Ratcliffe's declaration in January, Al Thani, a lifetime supporter of United and the son of former Qatari Prime Minister Hamad bin Jassim Al Thani, popularly known as HBJ, officially declared his interest in buying the club. The board announced in November that it was selling the club to "explore strategic alternatives.”
The M.E.N. is aware that the present bids are merely indicative and that, should bidders advance to the next step of the process, they will enter a "data room" where prospective buyers can view the pertinent financial data. Once everyone is aware of the worth of the assets, obligations, etc., they must then submit their offers at this point.