Manchester United

2023 - 2 - 17

Sheikh Jassim

Post cover — Image courtesy of "The Guardian"

Qatar buying Manchester United would be a disaster – just look at ... (The Guardian)

Putting all but basic football competence aside, the cautious progress made under Erik ten Hag would be destroyed in an instant.

It is as though the engine crew of the Titanic have finally worked out how to stop this thing listing into the waves, only to be informed that their new captain is a horse in a top hat who has decided to set sail immediately for the nearest and sparkliest ice shelf. This was a comment made by Kylian Mbappé to Canal+ after the game, urging his teammates to eat and sleep properly before the return in Munich, taken as a public slap-down of Neymar, who seems unusually intent on having late-night parties at his house in Bougival. All of it confirming a sense of a sporting institution that is essentially a celebrity gossip mag made flesh (What Kiki Really Said To Ney!). Not to mention deeply uncomfortable for the Premier League, which has In which case the current, fragile little age of Erik may just come to look like its own brief shaft of light. But it was there in its many shades before, during and after the In the end none of this really seems to cut through. But the fact remains Qatar has made a mind-numbingly awful hash of running PSG in a way that would play specifically to United’s own vices and destroy in an instant the cautious progress made under Erik ten Hag. No doubt the relevant “fund” would build some really good bridges in Salford and generally machine-gun this thing with money. If this is what really counts then we do have a model of what being owned by Qatar looks like. We, the sovereign state of Qatar, are here to restore the lost soul of your prized social-sporting institutions. First the suggestion that Qatar really may have a serious interest in buying Manchester United, or at least enough interest to add its name to the list before Friday’s “soft” deadline.

Qatari Bank Chairman Submits Bid On Manchester United (Forbes)

A Bid For Manchester United Could Be Made As Early As Friday, Following 17 Years Under The Billionaire Glazer Family's Ownership.

They have also faced scrutiny for maintaining a significant debt, [estimated](https://www.independent.co.uk/sport/football/manchester-united-glazers-debt-explained-b2145746.html) to be roughly $594.5 million last year, [sparking an outcry](https://www.foxsports.com.au/football/premier-league/teams/manchester-united/epl-2022-manchester-united-glazer-family-owners-sale-debt-transfers-news-old-traffordd/news-story/6030ae79f2609f79262fa1076cde0299) from fans who [claim](https://news.sky.com/story/manchester-united-how-scavenger-glazers-bought-club-and-left-old-trafford-rusting-and-in-a-mess-12752952#:~:text=The%20Glazers'%20%C2%A3790m%20takeover,receiving%20dividends%20from%20the%20club.) the family has failed to invest in the club while it soaks up the [dividends](https://news.sky.com/story/manchester-united-how-scavenger-glazers-bought-club-and-left-old-trafford-rusting-and-in-a-mess-12752952#:~:text=The%20Glazers'%20%C2%A3790m%20takeover,receiving%20dividends%20from%20the%20club.) it makes from it. In addition to Manchester United, the family is also in control of more than 6.7 million square feet of shopping center space in the U.S, while Malcolm’s son Joel Glazer owns the NFL’s Tampa Bay Buccaneers, which his father purchased in 1995. Since then, it’s become the city’s second-best team, with Manchester City winning five times in the past eight seasons. [Forbes](https://www.forbes.com/teams/manchester-united/?sh=6256c34613f9), making it the third most valuable professional soccer team in the world. [Manchester United: Billionaire Glazer Family May Sell Team After Years Of Fan Outrage, Reports Say ](https://www.forbes.com/sites/nicholasreimann/2022/11/22/manchester-united-billionaire-glazer-family-may-sell-team-after-years-of-fan-outrage-reports-say/?sh=44dd032a691c)(Forbes) [Cristiano Ronaldo Will Leave Manchester United By ‘Mutual Consent’](https://www.forbes.com/sites/nicholasreimann/2022/11/22/cristiano-ronaldo-will-leave-manchester-united-by-mutual-consent/?sh=656619a7de1e) (Forbes) [estimate](https://www.forbes.com/profile/glazer-1/?sh=62021ae615ec) the Glazer family’s net worth to be roughly $4.7 billion, split among the family after the death of Malcolm Glazer in 2014 at the age of 85. owners, the Glazer Family, do not have its best interests at heart. [multiple](https://www.independent.co.uk/sport/football/manchested-united-sale-qatar-takeover-b2283417.html) [outlets](https://www.mirror.co.uk/sport/football/news/manutd-sale-takeover-ratcliffe-elonmusk-29231563) reported the Raine Group, a financial firm for the Glazers, had been in conversations with a group of Qatari state investors about a potential sale. Its last championship, however, came in the 2012-2013 season, when the club defeated rival Liverpool. [parted ways](https://www.forbes.com/sites/nicholasreimann/2022/11/22/cristiano-ronaldo-will-leave-manchester-united-by-mutual-consent/?sh=656619a7de1e) with superstar forward Cristiano Ronaldo after his high-profile falling out with team management, arguing in an explosive interview they “don’t care about the club.” The club announced in November it had cut ties with the 37-year-old by “mutual consent,” paving the way for Ronaldo—who had rejoined Manchester United in 2021 after playing nine years for Spanish club Real Madrid—to sign a record-breaking contract [estimated](https://www.espn.com/soccer/al-nassr/story/4849640/cristiano-ronaldo-has-no-clause-in-contract-to-support-saudi-world-cup-bid-al-nassr) to be worth roughly $75 million per year with the Saudi Arabian club Al-Nassr. [reports](https://www.forbes.com/sites/nicholasreimann/2022/11/22/manchester-united-billionaire-glazer-family-may-sell-team-after-years-of-fan-outrage-reports-say/?sh=44dd032a691c) the Glazer family was considering a sale—shares have since leveled of slightly, to $26.33. [multiple](https://www.bbc.com/sport/football/64684703) [outlets](https://www.skysports.com/football/news/11095/12813127/manchester-united-takeover-qatari-sheikh-jassim-bin-hamad-al-thani-makes-substantial-bid-for-club) reported Friday—following years of complaints from fans who claim the English Premier League club’s billionaire U.S.

Son of ex-Qatari PM bids for Manchester United (New Straits Times Online)

Sheikh Jassim Bin Hamad Al Thani, a son of Qatar's former prime minister, on Friday launched a bid to buy Premier League football club Manchester United, ...

The Glazers bought United for 790 million pounds in 2005 as part of a highly-leveraged deal. The club's current majority owners, the Glazer family, are seeking a valuation as high as 7 billion pounds (US$8.42 billion), Reuters has previously reported. A deal for United is expected to shatter records for the sale of a sports business.

Saudis join race to buy Manchester United (Free Malaysia Today)

This raises the stakes in what could be the most lucrative deal in sports history.

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Qatar-based bid for Manchester United confirmed on deadline day (Aljazeera.com)

The deal to buy Manchester United football club is expected to shatter records for the sale of a sport business.

The Glazers bought United for 790 million pounds ($951m) in 2005 as part of a highly-leveraged deal. They are widely seen as one of the most prized assets in all of sport. The initial deadline for bids expired on Friday.

Qatar bids for Manchester United after reported interest from Saudi ... (The Times of Israel)

Sheikh Jassim bin Hamad Al Thani, chairman of Qatar Islamic Bank, promises to rid iconic soccer club of debt and return it to former glory.

The CEO of Tesla, Twitter and SpaceX wrote “I’m buying Manchester United ur welcome” last August. If so, please join The Times of Israel Community. Ratcliffe, who currently owns French club Nice, last year said he had no interest in another bid for a Premier League club after missing out on Chelsea and receiving little encouragement from the Glazers for United. Several Americans bid last year to buy Chelsea, with Todd Boehly and Clearlake Capital eventually paying $3 billion for the London club. The announcement from Sheikh Jassim comes after growing speculation about interest from the gas and oil-rich Qatar. “We therefore have deep concern over some of the bids that are being made.

Qatar bid for Man United as Saudis linked with takeover (MalaysiaNow)

No details are given on the amount proposed in the bid for the club but the price could reach a record US$6 billion, according to reports.

They (the Glazers and United's officials) are focusing on other parts, departments of the club. How to get everything, for instance, financed." United shares rose close to 2% in after hours trading following the Qatari bid announcement. "We are following it," Ten Hag said. A source close to chemicals company Ineos told the Telegraph Ratcliffe wanted to be "a long-term custodian of Manchester United," adding: "As locally born, he wants to put the Manchester back into Manchester United." The statement did not give any details on the amount proposed in the bid for the club but the price could reach a record US$6 billion (RM26.6 billion), according to reports.

World's top sports brand up for sale! Man United bidding gets ... (The Star Online)

A member of the Qatari royal family has submitted an offer to acquire Manchester United Plc, formally starting the bidding process for the English football ...

Buoyed by Qatar hosting the World Cup last year, Qatar Sports Investments has considered plays for Tottenham Hotspur and Liverpool FC, as well as Manchester United, Bloomberg News has reported. Most of the Premier League’s clubs are now majority owned by foreign investors. heir Rob Walton for the Denver Broncos NFL team. The debt-free offer includes investment in the team, training center and stadium, and will be made via Sheikh Jassim’s Nine Two Foundation. The Telegraph reported Friday that Ratcliffe had submitted his proposal. Initial bids for the club are due Friday.

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