MANCHESTER, England: A Qatar-based bid for Manchester United was confirmed Friday, with Sheikh Jassim Bin Hamad Al Thani promising to rid the iconic soccer team of debt and return it to former glories.
Sheikh Jassim is the chairman of QIB, which is one of Qatar’s leading banks, and has submitted a 100 percent offer to buy out current owners the Glazer family.
“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 center, the stadium and wider infrastructure, the fan experience and the communities the club supports,” a statement said.
“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.”
It did not mention what the bid would be.
Friday is the final day for serious contenders to step forward in the race to buy United.
After months of speculation and soaring share prices, initial offers need to be presented to merchant bank Raine Group, which is handling the sale of one of the most famous soccer teams in the world.
By the end of the day, the Glazers will have an idea of how much they can expect to make on the club they bought for about $1.4 billion in 2005.
The price is now estimated to reach as high as $6 billion, with reported interest from other parties seeing its value rise sharply as the deadline for bids approaches.
While Friday is described as a soft deadline, Raine and the Glazers will have a clearer picture of potential buyers before moving on to the next stage of the process. The announcement from Sheikh Jassim comes after growing speculation about interest from the gas and oil rich Qatar.
Previously only British billionaire Jim Ratcliffe had publicly confirmed his intention to bid for the club he has supported from childhood.
Along with Qatar, rumors persist that Elon Musk could be among a list of potential buyers from the United States.
Ratcliffe, the owner of petrochemicals giant INEOS, announced his intention to bid last month. That is a shift in strategy from last year when he launched a last-minute bid for Chelsea, but was not considered because he missed the deadline set by Raine, which also handled that sale.
Ratcliffe, who currently owns French club Nice, said last year that he had no interest in another bid for a Premier League club after missing out on Chelsea and receiving little encouragement from the Glazers for United. But he would be a popular choice among fans because of his longstanding support of the club.
Several Americans bid last year to buy Chelsea, with Todd Boehly and Clearlake Capital eventually paying $3 billion for the London club. Rival bids came from Chicago Cubs owner the Ricketts family, Boston Celtics part-owner Steve Pagliuca and New York Jets owner Woody Johnson.
No American bids for United have been made public, unless you consider a Twitter post from Musk.
The CEO of Tesla, Twitter and SpaceX wrote “I’m buying Manchester United ur welcome” last August. And although he then pointed out it was a “long-running joke on Twitter,” rumors of a bid have not gone away.
Qatar-based bid for Man United confirmed on deadline day
https://arab.news/r9y2m
Qatar-based bid for Man United confirmed on deadline day
- “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”
- Friday is the final day for serious contenders to step forward in the race to buy United
Trump said Iran ‘welcome to compete’ in World Cup, says Infantino
US President Donald Trump has said that Iran is “welcome” to participate at the upcoming World Cup in North America, despite the ongoing Middle East war, FIFA chief Gianni Infantino said on Wednesday.
The war, triggered by US-Israeli strikes on February 28, has thrown into doubt Iran’s participation at this summer’s men’s football World Cup, jointly hosted by Canada, Mexico and the United States.
During a meeting to discuss preparations for the competition, “we also spoke about the current situation in Iran,” Infantino, the head of world football’s governing body, wrote on Instagram.
“During the discussions, President Trump reiterated that the Iranian team is, of course, welcome to compete in the tournament in the United States,” he wrote.
The comments marked the first time that Infantino, who in December created a FIFA peace prize and awarded it to Trump, has acknowledged the ongoing war in the Middle East.
Trump’s remarks to Infantino are a stark contrast to his comments to Politico last week.
Trump told Politico: “I really don’t care” if Iran play at the World Cup.
FIFA’s president has grown close to Trump since he returned to the White House, even attending his inauguration.
Asylum claims
Iran’s federation football chief on Tuesday cast doubt on his team’s participation in the sporting extravaganza, following the defection of several women footballers from the Islamic republic during the Asian Cup in Australia.
“If the World Cup is like this, who in their right mind would send their national team to a place like this?” Mehdi Taj asked on Iranian state television.
While the event is spread out across three countries, Iran are scheduled to play all three group games in the United States, two in Los Angeles and one in Seattle.
Should Iran withdraw from the sport’s quadrennial showpiece, it would be the first time a country did that since France and India pulled out of the 1950 finals in Brazil.
On Tuesday, at the Women’s Asian Cup in Australia, some players from Iran’s team claimed asylum after they came under fire from state television for not singing the country’s national anthem before one match.
Five players, including captain Zahra Ghanbari, slipped away from the team hotel under the cover of darkness to claim sanctuary from Australian officials, the Australian government announced.
At least two more team members applied to stay later in the day, according to local media.
However, Australia’s Home Affairs Minister Tony Burke said on Wednesday that one of them had subsequently changed her mind.
Burke said in parliament on Wednesday that he had since been advised that one of the group “had spoken to some of the team mates that left and changed their mind.”
“She had been advised by her team mates and encouraged to contact the Iranian embassy,” he said.
“As a result of that, it meant the Iranian embassy now knew the location of where everybody was.”
The remaining players have been moved from a safe house to another location, he said.
