When Sheikh Jassim from Qatar entered the race to purchase Manchester United, it appeared that Paris Saint-Germain would have a high-profile sister club. However, that’s reportedly not happening.
Transfer window specialist Fabrizio Romano reported on Saturday that Jassim has had further discussions with the Glazers family to buy 100 percent of Manchester United.
Furthermore, Jassim had committed an additional initial amount of over $1.5 billion for Manchester United [not the sellers]. He was also ready to finance new stadium plans, new training center facilities, buy players, and city/community regeneration projects.
Jassim’s bid proposition has been rejected again by the Glazers family. As a result — Sheikh Jassim informed Glazers that he was ready to withdraw from the process. So, for now, PSG remains the crown club for Qatar after this failed pursuit to land the Red Devils.
🚨 Exclusive story on #MUFC takeover.
◉ Glazers informed of Sheikh Jassim decision — he has WITHDRAWN from the process.
◉ Final bid understood to be almost double than $3.5B market valuation.
◉ $1.5B extra investment was planned.
🇶🇦 All details: https://t.co/1bJDyEEq0g pic.twitter.com/fgxb41cyrr
— Fabrizio Romano (@FabrizioRomano) October 14, 2023
🇶🇦 Sheikh Jassim had committed an additional initial amount of over $1.5 billion for Manchester United [not the sellers].
It was ready to finance new stadium plans, new training centre facilities, buy players, city/community regeneration projects. pic.twitter.com/FOXedyYNG0
— Fabrizio Romano (@FabrizioRomano) October 14, 2023
Qatar Sports Investment purchased the capital club in 2011. Since then, they have been able to grow its profile in the last decade. However, it seemed the country was ready to buy that marquee club in the best football league in the world.
The United Arab Emirates has its stake in Manchester City, and now Saudi Arabia has Newcastle United. It will be interesting to see whether Qatar decides to revisit to buy a Premier League club or if their focus will continue to be PSG.
