Qatari consortium submits bid to buy Man Utd with promise to clear club’s debt

Qatari consortium submits bid to buy Man Utd with promise to clear club’s debt

A Qatari sheikh who runs one of the nation's biggest banks has tabled a bid for Manchester United - and promised to make the club debt free. Jassim bin Hamad bin Jaber Al Thani is the first leading contender to confirm an offer ahead of the 10pm soft bid deadline. Al Thani is the son of former Qatari prime minister Hamad bin Jassim bin Jaber Al Thani. He confirmed in a statement that his submission was for "100 per cent" of the club. "The bid plans to return the club to its former glories both on and off the pitch, and – above all – will seek to place the fans at the heart of Manchester United Football Club once more," his statement added. Telegraph Sport reported on Monday how figures within Qatar's sovereign wealth fund would table a bid. A spokesman for Al Thani confirmed he had sent a detailed plan to the Raine Group merchant bank, which is conducting a sale on behalf of the Glazers. "The bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan