- The Manchester United takeover has attracted several people and consortiums
- One particular person interested in purchasing the club is Qatar’s Sheikh Jassim bin Hamad Al Thani
- Just who is Sheikh Jassim bin Hamad Al Thani and what is his net worth and connection to PSG
Sheikh Jassim bin Hamad Al Thani has made a proposal to purchase Manchester United from the Glazer family.
He led a Qatari consortium, and it was revealed in a public declaration that he had done so.
“Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club,” a statement seen by SportsLeo read.
“The offer seeks to put the supporters back in the centre of Manchester United Football Club in order to bring the team back to its former heights on and off the field.
“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.”
Below is everything you need to know about the potential Manchester United next owner.
Who is Sheikh Jassim bin Hamad Al Thani
Al Thani, a billionaire from Qatar who was born in 1982, is the son of Hamad bin Jassim Al Thani, the country’s previous prime minister.
He left his home nation to pursue an education in the UK, where he attended the Royal Military College in Sandhurst and received an officer cadet diploma.
He then followed a business career and subsequently worked as a board member and chairman for numerous businesses, including banks.
He is reported to have loved football and Manchester United all of his life. He wouldn’t be the first member of his family to engage in sports, as his father is involved in the management of PSG.
What are Sheikh Jassim bin Hamad Al Thani’s business ventures?
As chairman of Qatar Islamic Bank, one of the biggest banks in the nation, Al Thani has played the primary role in his career to date.
According to Forbes, he still holds that position now and has witnessed its development into Qatar’s third-most valuable corporation.
A former board member of Credit Suisse, one of the biggest investment banks in the world, the Qatari also has experience in that industry.
His father, who is involved with PSG, is Al Thani’s closest connection to the sports world; he has never ventured into sports professionally.
Sheikh Jassim bin Hamad Al Thani’s net worth
Although it’s not entirely apparent what Al Thani is worth, considering his role as QIB chairman and his family, it’s safe to guess that he is worth at least $1 billion.
His family, Qatar’s royals, are estimated to be wealthy, about $275 billion, and according to Forbes, he is personally worth a little over $1 billion.
Sheikh Jassim bin Hamad Al Thani’s Manchester United takeover
Al Thani making a bid for Manchester United was anticipated for a very long time.
He has stated his intention to purchase the Premier League club outright and to make significant investments in the stadium and training facility with the other members of the Qatari group he is leading.
Although the amount of the offer to the Glazers has not been disclosed, it has been said that it is “totally debt free.”
The owner of INEOS, British billionaire Sir Jim Ratcliffe, also submitted one; thus, it is not the only one that has been made.
The controversy surrounding Sheikh Al Thani
Al Thani’s quest for the club has generated controversy because he is a member of Qatar’s royal family.
The country’s record on human rights is dismal, with particular concerns over how migrant labourers, women, and LGBTQ+ persons are treated.
The state-owned Qatar Sports Investment, which owns PSG, did not submit this bid since UEFA regulations forbid any group or individual from having complete control of more than one club.
Nonetheless, many believe the nation would still effectively control Manchester United, given Al Thani’s identity.