Sheikh Jassim ‘wins’ bid to buy Man United

Article posted by Coliseum, June 14^th, 2023

Image: Coliseum GSVA

Qatar’s Sheikh Jassim bin Hamad Al Thani has won the race to buy the Premier League club Manchester United F.C. (UK), according to a report on a Qatari news site.

‘The National’ stated that Sheikh Jassim had been locked in a bidding war with British billionaire Sir Jim Ratcliffe for the control of ownership of the Premier League giant.

The Manchester United Football Club, commonly referred to as Man United, or simply United, is a professional football club based in Old Trafford, Greater Manchester, England (UK). The club competes in the Premier League, the top division of the English football league system.

Apply for membership

The Old Trafford is a football stadium in Old Trafford, Greater Manchester, England (UK) and the home of Manchester United F.C. With a capacity of 74,310 it is the largest club football stadium in the United Kingdom, and the 11th-largest in Europe.

‘The National’ further stated that the Chairman of Qatar Islamic Bank last week submitted a fifth and final offer to buy the 20-time English champions and has been chosen by the United’s current owners the Glazers as their preferred bid.

Media reports stated that Sheikh Jassim’s takeover bid has been a “success” and that an official announcement was imminent.

Qatar’s Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a report on a Qatari news site.

Sheikh Jassim had been locked in a bidding war with British billionaire Sir Jim Ratcliffe for control of ownership of the Premier League giants.

The Chairman of Qatar Islamic Bank last week submitted a fifth and final offer to buy the 20-time English champions and has been chosen by United’s current owners the Glazers as their preferred bid.

Reports stated that Sheikh Jassim’s takeover bid has been a “success” and that an official announcement was imminent.

The US-based Glazer family are deeply unpopular among the United fan base and had announced in November that the Board was exploring strategic alternatives for the future, with a full sale one option being considered.

The Manchester United fans had been hoping for a quick resolution of the club’s ownership as the team seem to have turned a corner this season.

Under the new Manager Erik ten Hag, United won the League Cup, their first trophy in six years, finished third in the Premier League and narrowly lost out to their peer team Manchester City F.C. in this month’s FA Cup final.

Continue to follow Coliseum for latest updates on venues business news. Coliseum is dedicated towards building the best global community of sports and entertainment venue executives and professionals creating better and more profitable venues.

Become a member of the only Global Sports Venue Alliance and connect with stadiums, arenas and experts from around the world. Apply for membership at coliseum-online.com/alliance and make use of the 365Coliseum Business.

Watch 250 member-exclusive videos with valuable tips for your venue