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Qatari consortium submits second bid



Qatari consortium submits second bid

A consortium from Qatar led by Sheikh Jassim bin Hamad Al Thani has made a second bid in the race to take over Manchester United. The news agency reports AFP.

However, it can be assumed that British billionaire Jim Ratcliffe’s company Ineos has also submitted another offer. The deadline for the second round of bidding expired on Wednesday evening (10:00 p.m. CET).

Jassim bin Hamad Al Thani is the older brother of Qatar’s Emir Tamim bin Hamad Al Thani, who acquired French champions Paris St. Germain in 2011 through the state fund Qatar Sports Investments (QSI).

In February, Jassim bin Hamad Al Thani, chairman of the Qatar Islamic Bank, presented an initial offer, as Ratcliffe had previously done. The American Glazer family, who have owned 20-time English champions ManUnited since 2005, announced in November that they were open to a sale.

The Glazers are said to be asking for 5.6 billion euros, a sale for this amount would be the most expensive deal in sports history. United have not won the Premier League since 2013.