Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a Qatari report. PA
Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a Qatari report. PA
Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a Qatari report. PA
Sheikh Jassim bin Hamad Al Thani has won the race to buy Manchester United, according to a Qatari report. PA

Qatar's Sheikh Jassim wins bid to buy Manchester United, according to report


Steve Luckings
  • English
  • Arabic

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, according to Al-Watan newspaper, has been chosen by United's current owners the Glazers as their preferred bid.

Al-Watan posted on Twitter on Monday night that Sheikh Jassim's takeover bid has been a "success" and that an official announcement was imminent.

While the financials have not been disclosed, UK media reports say Sheikh Jassim's final bid submitted on June 7 was £5 billion for total control of United.

The offer includes clearing a £1 billion debt and a fund solely for the club and surrounding community, according to an earlier report in The Guardian newspaper.

Ratcliffe, the chief of Ineos group and a boyhood United fan, had wanted to purchase around 60 per cent of the club. His offer comes with a proposal that would allow the Glazers to remain for a set time period ahead of a sourced buyout.

The Glazer family originally valued the club at £6 billion after it went on the market.

Al-Watan's report that a decision by the Glazers will be announced soon will bring to a close one of the most protracted takeovers of a football club in recent times.

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.

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 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 Manchester City in this month's FA Cup final.

Man United season ratings

England-South Africa Test series

1st Test England win by 211 runs at Lord's, London

2nd Test South Africa win by 340 runs at Trent Bridge, Nottingham

3rd Test July 27-31 at The Oval, London

4th Test August 4-8 at Old Trafford, Manchester

AT%20A%20GLANCE
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Six large-scale objects on show
  • Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
Maestro
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EBradley%20Cooper%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBradley%20Cooper%2C%20Carey%20Mulligan%2C%20Maya%20Hawke%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
​​​​​​​Fuel consumption, combined: 7.1L / 100km

Company%20profile
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SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

Sweet%20Tooth
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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
MATCH INFO

Uefa Champions League semi-final, first leg

Tottenham 0-1 Ajax, Tuesday

Second leg

Ajax v Tottenham, Wednesday, May 8, 11pm

Game is on BeIN Sports

'Fantastic Beasts: The Secrets of Dumbledore'

Rating: 3/5

Directed by: David Yates

Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law

The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

MATCH INFO

Chelsea 3 (Abraham 11', 17', 74')

Luton Town 1 (Clark 30')

Man of the match Abraham (Chelsea)

Updated: June 14, 2023, 8:52 AM