Manchester United

After much hullabaloo, a formal bid has been submitted for the takeover of Manchester United. Sheikh Jassim bin Hamad Al Thani, the chairman of one of ...

Rumours have been swirling around the potential sale of United's arch-rival Liverpool to Qatar-based businesses too. Al Thani added that putting in the bid was an attempt to steer the club to its 'former glories' both on and off the pitch. After much hullabaloo, a formal bid has been submitted for the takeover of Manchester United.

Son of former Qatar Prime Minister - Sheikh Jassim Bin Hamad Al Thani has placed an official bid to buy out Manchester United. In an official statement, ...

Son of former Qatar Prime Minister - Sheikh Jassim Bin Hamad Al Thani has placed an official bid to buy out Manchester United. In a statement released to the media, Jassim Al Thani has said that he wants to return the club to its former glories - both on and off the pitch. United are the fourth richest football club in the world, reported Reuters quoting an analysis from Deloitte.

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.

chairman of Qatar Islamic Bank (QIB), announced that it had submitted an offer to take over English Premier League club Manchester United.

Qatar’s Sheikh Jassim Bin Hamad Al Thani has launched a bid to buy the Premier League club. In 2005, the Glazers acquired ManU through a heavily leveraged transaction for 790 million pounds ($951 million). The American Glazer family, who completed their takeover of the 20-times English champions in 2005, announced in November that they were open to a sale or investment.