Sports

Qatar’s Sheikh Jassim Withdraws Bid To Buy Man Utd – Reports

Published

3 years ago

October 14, 2023

Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, the BBC reported on Saturday.

United announced nearly a year ago that the board was exploring “strategic alternatives to enhance the club’s growth”, with a full sale one of the options.

Sheikh Jassim and British billionaire Jim Ratcliffe were the front runners after several rounds of bidding earlier this year, but the process has stalled in recent months despite the anger of supporters towards current owners, the Glazer family.

The Americans have owned the English giants since a leveraged takeover in 2005 for £790 million ($961 million) saddled the club with huge debts.

Figures in March showed United’s debts have grown to £970 million.

However, the Glazers are believed to be holding out for a world record fee for a football club in excess of £6 billion.

Sheikh Jassim’s bid was for full control of United and promised to clear the club’s debt.

By contrast, Ratcliffe is reportedly willing to buy a smaller stake to break the impasse ownership of the 20-time English champions.

The Red Devils fortunes on the field have also faded under the Glazer’s tenure.

United have not won the Premier League since former manager Alex Ferguson retired in 2013 and last won the Champions League in 2008.

They currently sit 10th in the Premier League and have lost their first two Champions League group stage matches for the first time in the club’s history.

Related Topics:Man United Qatar’s Sheikh Jassim

Up Next

Euro 2024 Qualifiers: Spain Keeper Expresses Fear, Wants Haaland Tamed

Don't Miss

[BREAKING] AFCON 2023: Nigeria Draw Hosts Ivory Coast, Equatorial Guinea, Guinea Bissau

Comments

Sports

EPL: Chelsea Set To Sanction First Summer Transfer Under Alonso

Published

4 hours ago

May 28, 2026

Editor

Chelsea are set to sanction their first summer transfer under their new manager, Xabi Alonso.

According to the BBC Sport, the Blues are ‘open’ to selling Filip Jorgensen this summer after the goalkeeper indicated his desire to leave Stamford Bridge.

Jorgensen joined the Premier League west London club two seasons ago from Villarreal.

The 24-year-old shot-stopper was expected to compete for the number one position with goalkeeper Robert Sanchez, but he made just 11 Premier League appearances over the two seasons.

However, while the arrival of Alonso to Stamford Bridge could lead to a change in fortunes for Jorgensen, the report added that the Danish star has already expressed his desire to leave Chelsea this summer to get more regular playing game-time elsewhere.

Chelsea had blocked a potential exit for Jorgensen in the January transfer window, but the Premier League west London club are now open to a sale, with European and English clubs expected to explore a deal for the goalkeeper.

Sports

EPL: ‘Go For Alvarez’ – Paul Merson Hands Arsenal Two Signings To Make

Published

2 days ago

May 26, 2026

Editor

Arsenal legend, Paul Merson, has handed his old club two signings to make in the summer.

Merson wants Arsenal to sign Atletico Madrid striker Julian Alvarez and a new midfielder.

“I would get a centre forward this summer, I would go for Julian Alvarez,” Merson said on The Good, The Bad & The Football podcast.

“I am a big fan. If they could get him, I would. I still think they probably need another midfield player as well.”

Arsenal is expected to bolster its squad in the summer after winning the Premier League title ahead of Manchester City this season.

Sports

EPL: Wayne Rooney Picks Most Improved Player This Season

Published

2 days ago

May 26, 2026

Editor

Manchester United legend, Wayne Rooney, has picked the Red Devils defender Luke Shaw as the most improved player in the Premier League following the conclusion of the 2025/26 season.

Speaking on his BBC podcast, Rooney said, “I think, for me, Luke Shaw. I think Luke Shaw has been the most improved player this season.

“I know he is an experienced player now, but I think his level this season has been much better than it has been in recent seasons.

“People might look at Kobbie Mainoo but I don’t think he’s improved. It was just the fact he wasn’t playing under the former manager so it wasn’t good or bad.”

Shaw enjoyed one of his most consistent seasons at Man United and started all of Man United’s Premier League games.