Manchester United is set to have a new owner, with Qatari billionaire Sheikh Jassim bin Hamad al-Thani reportedly winning the race to buy the club.
The Glazer family, who have owned United since 2005, have been in negotiations with Sheikh Jassim for several months, and it is believed that a deal is now close to being finalized.
The takeover is reportedly worth £6 billion ($7.9 billion), which would make it the most expensive sports club sale in history.
Sheikh Jassim is the son of the former prime minister of Qatar and is one of the richest men in the world. He is the chairman of Qatar Sports Investments, which owns a number of sports teams, including Paris Saint-Germain and FC Barcelona.
Sheikh Jassim has said that he is committed to making Manchester United a “global leader” again. He has promised to invest heavily in the club’s infrastructure and to improve the team’s performance on the pitch.
The takeover is still subject to approval from the Premier League, but it is expected to be completed in the coming weeks.
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The news of the takeover has been met with mixed reactions from fans. Some fans are excited about the prospect of new investment, while others are concerned about the possibility of Qatari government interference.
Only time will tell how Sheikh Jassim’s ownership will impact Manchester United. However, there is no doubt that the club is entering a new era.
Here are some additional details about the takeover:
- Sheikh Jassim’s consortium has been granted exclusivity by the Glazers, which means that they are the only bidders who can currently negotiate a deal.
- The takeover is expected to be completed by the end of August.
- Sheikh Jassim has pledged to invest £1 billion in the club’s infrastructure, including a new stadium and training ground.
- He has also promised to improve the team’s performance on the pitch, with the goal of winning trophies.
The takeover of Manchester United by Sheikh Jassim is a major development in the world of football. It will be interesting to see how he shapes the club in the years to come.