Qatari billionaire is about to complete the deal to buy MU

An Nhi August 23, 2023 21:08

Qatar banker Sheikh Jassim will officially take over MU in October 2023.

Exclusive sources from The Sun said that Sheikh Jassim's team is currently evaluating the Club before officially taking over the team from the Glazer family.

Qatar's nearly £6 billion bid beat out British billionaire Sir Jim Ratcliffe, who was willing to allow the American owner's family to retain a small stake in the club.

blob (5).jpg
Qatar is in the process of evaluating the club, after the Glazer family agreed to a price of nearly 6 billion pounds.

Red Devils fans will be happy with the news that the Glazers are selling 100% of their shares, because they are fed up with the commercial-oriented management style of the past 18 years.

In fact, brothers Avram Glazer and Joe Glazer want to stay, but the top brass at Old Trafford warn this would cause a backlash from fans.

The Glazers stand to make a huge profit when the deal is completed. They bought United for just £800 million in 2005.

Latest financial figures show that the total debt of the Manchester team is up to 725 million pounds, the highest level since 2010.

Sheikh Jassim pledged to clear MU's debt as soon as he took over the team, as well as not receive dividend payments from the Club.

The Qatari banker also plans to upgrade Old Trafford stadium, Carrington training center and continue to invest money in the team.

According to Vietnamnet.vn
Copy Link

Featured Nghe An Newspaper

Latest

x
Qatari billionaire is about to complete the deal to buy MU
POWERED BYONECMS- A PRODUCT OFNEKO