Sheikh Jassim Bin Hamad Al Thani, the chairman of one of Qatar banks QIB, has made a ‘substantial’ bid for Manchester United.
The bid will carry no debt, and they say they will reinvest all profit into the community through the Nine Two Foundation.
The Raine Group, who is organizing the potential sale on behalf of the Glazer family, asked for initial bids to be made by 10pm UK time on Friday.
A statement said: “Sheikh Jassim Bin Hamad Al Thani today [Friday, February 17] confirmed his submission of a bid for 100 percent of Manchester United Football Club.”
“The bid plans to return the club to its former glories both on and off the pitch, and – above all – will seek to place the fans at the heart of Manchester United Football Club once more.”
“More details of the bid will be released, when appropriate, if the bid process develops.”
