A bid has been formally submitted to by Manchester United by Qatari investors, the Financial Times reports.
The offer is credited to Sheikh Jassim bin Hamad bin Jaber Al Thani, the chairman of one of Qatar’s biggest banks.
The statement reads: “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 deadline to make an offer for Manchester United closes today at 10pm.
We wrote in an editorial earlier that any new owners must communicate fully with supporters. This statement is a promising start, and being debt-free is a must.
The Glazers announced plans to sell the club last year. The sale is being overseen by banking firm The Raine Group.
The Times reports the objective is to complete the sale of United ‘by Easter’ in early April.
Other offers are expected, but the Qatari bid for an undisclosed amount is the first to go public. This offer seems highly serious.
Manchester United manager Erik ten Hag has confirmed he would welcome investment from new owners.
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