The Qatari are said to have not changed their intention to buy Manchester United despite the poor results against Liverpool on March 5.
Qatari reacts to Manchester United’s dismal loss
Sheikh Jassim bin Hamad Al Thani watched Manchester United desperately lose to Liverpool on television according to Sky Sports journalist Kavel Solhekol. Al Thani still wants to buy back the Manchester team, although the results against Liverpool were not as expected.
Al Thani is the son of former Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani. According to The Athletic, this man has been an avid Red Devils fan since he was a 10-year-old boy in 1992 so he was determined to win the bid to buy MU.
The Qatari royal family has to compete with billionaire Sir Jim Ratcliffe, who receives advice and support from two US investment and wealth banks, Goldman Sachs and JP Morgan.
In addition, a third US-based unit is also on the Glazer family’s guest list, meanwhile meetings are expected to take place within the next two weeks.
Qatari would like to buy Manchester United in no time
Accordingly, the owner of Qatar announced that he would immediately pay the entire cost of acquiring Man United without leaving any debt, invest in the team’s infrastructure and removes the debt that the Glazer family owes which forced Manchester United to bear for many years.
Meanwhile, the US owner received bids from partners on February 17, but up to this point, they have not made any decisions.
Due to this slow move, Manchester United shares plummeted 13% on February 27 which shows that the Glazer family is under pressure to sell the club. They are taking a dangerous move and need to make an early decision in no time.
Since the acquisition of MU in the form of debt, the Glazers have actually paid only £175 million in 17 years of managing. Thus, the amount of money the Glazer family received when selling MU could be more than 40 times the amount they spent for the team.