Sheikh Jassim bin Hamad al-Thani has hit the headlines after making a bid to buy Manchester United from the Glazer family.
The Chairman of Qatari bank QIB – who was also once the President of Qatar – has submitted a bid to take 100% control of the Red Devils, as Manchester United’s issues with the Glazer family look to be coming to an end.
It is unknown exactly how much Sheikh Jassim – who says he is a lifelong Manchester United supporter – has bid, although the Guardian believe his offer is worth a minimum of £4bn, which would make it a record deal for a sports club.
Amid the excitement from Manchester United fans, many have wondered how their potential new owners compare to those who have transformed Manchester City – let’s take a look.
Well, Sheikh Jassim is a member of the Gulf state’s ruling Royal Family, who have a collective net worth of £275bn – according to The Sun.
Sheikh Jassim himself is said to be worth $1.3bn (£1.1bn) by himself – as seen on Forbes.
So, how does that compare to Sheikh Mansour at Manchester City?
Sheikh Mansour bin Zayed Al Nahyan – to use his full name – is said to be worth $20bn (£17bn), according to Goal.
Despite that difference, it is expected that Manchester United would become a similarly free spending side like their Manchester rivals if a deal goes through.
Sheikh Jassim’s proposal involves ridding Manchester United of their debt, which would presumably allow them a blank slate when it comes to Financial Fair Play regulations.
In an official statement, Sheikh Jassim pledged to “restore the club to its former glory” and put “fans back at the heart of Manchester United Football Club.”
In full, his statement reads as follows.
“Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent 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.
“The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the Club supports. The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world. More details of the bid will be released, when appropriate, if and when the bid process develops.”
Be sure to keep an eye on this situation, as it remains to be seen if the Glazer family will accept the bid.
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