A deal of the century that has shocked the football world is on the cards, with Manchester United in the name of the Glasha family about to change hands. It was in the early hours of Saturday morning (18th) that the curtain came down on the much-anticipated bidding cut-off, with buyers from the Middle East, the United States and the United Kingdom submitting their bids. Among them, the Qatari consortium is undoubtedly the focus of most attention, the mastermind behind the Sheik Al-Thani finally unveiled the mysterious veil, it turns out that he is a 41-year-old "second-generation", as a member of the Qatari royal family, whose father served as Qatar's prime minister. Sheik Al-Thani vowed to help the team regain its former glory after joining Manchester United.
Rumors of a Qatari consortium buying Manchester United for 5 billion pounds have been swirling lately, and now it looks like coming true is imminent. With the dust settling on the Manchester United sale cut-off bid, the head of the Qatari consortium, Sheikh Al Thani, has made an appearance in person to officially announce the takeover plans.
The young and talented leader not only has an illustrious royal background, but is also the Chairman of Qatar Islamic Bank. He announced his plans to buy Manchester United through a spokesman: "Sheikh Al-Thani has confirmed an offer to buy 100% of Manchester United with the aim of returning the Red Devils to their former glory on and off the field and putting the fans at the heart of Manchester United. In addition, there will be investment in the regeneration of the Otford Stadium and training facilities, amongst other things, to drive the club forward."
The statement mentioned that Sheikh Al-Thani will buy Manchester United in cash through his "92 Fund" without any borrowing, as the Glasha family bought Manchester United in 2005 with debt, which led to the club's heavy debts and affected the team's development. This "zero-borrowing" acquisition aims to reassure Red Devils fans and ensure that the historical tragedy will not repeat itself.
It is worth mentioning that Sheikh Al-Thani studied in England and is also a Manchester United fan. The "92 Fund" is named after Manchester United's "92 Classic Generation", which produced the "7 Little Fortunes" led by David Beckham and created the Red Devils' dynasty.
It is also reported that Ratcliffe, Britain's richest man, as well as a consortium from the United States and Saudi Arabia are also involved in the Manchester United takeover bid. The deal of the century is expected to be completed within six weeks.
