Sheikh Jassim bin Hamad Al Thani, a member of the Qatari royal family, is set to make his second bid to purchase the English Premier League football club, Manchester United, on Wednesday, 22nd March.
The Sheikh’s made their very first attempt to buy the club in 2019 was reportedly rejected by the Glazer family, who are the current owners of Manchester United. However, they made the attempt when the club was on sale and now after the price tag doesn’t meet the Glazers’ requirements, Sheikh Jassim is determined to make a second bid and has been working behind the scenes to gather the necessary funding for the purchase.
The Qatari royal is believed to have the backing of the Qatar Investment Authority (QIA), which is the country’s sovereign wealth fund. The QIA is known for its investments in various sectors, including real estate, infrastructure, and technology. The Sheikh is also said to have the support of several high net worth individuals in the Middle East.
If Sheikh Jassim’s bid is successful, it would mark the first time a Middle Eastern owner has taken control of a major English football club. Manchester United is one of the most valuable football clubs in the world, with a current valuation of over $3 billion.