Qatari media reported that banking billionaire Sheikh Jassim won the bid to buy Manchester United.
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| Billionaire Sheikh Jassim successfully acquired MU Club. (Source: Twitter) |
Last weekend, the bidding group of Sheikh Jassim bin Hamad Al Thani submitted the fifth and final offer to the Glazer family in an attempt to take over the Manchester team.
Previously, Sir Jim Ratcliffe was said to have the upper hand with a plan to buy 60% of the shares. However, the situation seems to have turned around when Qatar clearly showed its determination to buy MU.
Mirror newspaper quoted Al-Watan newspaper (Qatar) as confirming: "Sheikh Jassim bin Hamad Al Thani has succeeded in buying MU Club and the deal will be announced soon".
It is worth mentioning that the father of billionaire Sheikh Jassim, former Prime Minister of Qatar Jassim bin Jaber Al Thani, owns 50% of the shares of this newspaper.
The US stock market is quite sensitive to positive information related to the Red Devils. MU's stock price skyrocketed 17% in just a few hours.
BBC economics journalist Faisal Islam commented: "MU's sudden rise in shares means there are many bets that the Glazers are about to sell to Qatari billionaire Sheikh Jassim."
It is expected that the official announcement will be made by MU's owners, the Glazer family, this weekend, after a long period of bidding between the parties.
If the Red Devils fall into the hands of Sheikh Jassim, the club will immediately be pumped with money to stir up the 2023 summer transfer market.
Currently, MU is contacting quality targets such as Harry Kane, Rasmus Hojlund, Moises Caicedo, Adrien Rabiot, Kim Min Jae, Diogo Costa....
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