The discreet sheikh behind Qatar's bid for Manchester United

South Africa News News

The discreet sheikh behind Qatar's bid for Manchester United
South Africa Latest News,South Africa Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

DOHA: The Qatari sheikh seeking control of Manchester United is the low-profile son of one of the richest men in the Gulf with ready access to the billions needed to make the audacious bid work. Sheikh Jassim Hamad Al Thani, who is in his early 40s, has also maintained the credentials of discipline and dis

DOHA: The Qatari sheikh seeking control of Manchester United is the low-profile son of one of the richest men in the Gulf with ready access to the billions needed to make the audacious bid work.

"Qatar has held the World Cup and now it has to follow it up," he added, speaking on condition of anonymity because of the sensitivity of making public comments in Qatar. The sheikh was born in 1982, the year that QIB was established. He joined the bank's board in his early 20s and has been chairman for much of QIB's rise to become a leading Islamic financial institution.

QIB, which has US$50 billion in assets, posted a net profit of more than US$1 billion in 2022, more than 12 per cent up on the year and having shown a dramatic increase in the past decade.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Arabia enters race for Manchester United: TelegraphSaudi Arabia enters race for Manchester United: TelegraphSaudi Arabia has submitted a bid for British soccer club Manchester United PLC ahead of Friday's deadline, the Telegraph reported on Thursday. Multiple private groups in Riyadh have made formal inquiries, the report added. British billionaire Jim Ratcliffe, a life-long supporter of the club and f
Read more »

Manchester United suitors jostle for biggest sports deal everManchester United suitors jostle for biggest sports deal everLONDON: Manchester United will receive multiple offers when an initial deadline for bids expires on Friday, sources familiar with the process said, kicking off potentially the largest sports deal ever. British billionaire Jim Ratcliffe, a life-long supporter and founder of chemicals group INEOS, is one lik
Read more »

Manchester United receive bid from Qatari Banker Al ThaniManchester United receive bid from Qatari Banker Al ThaniManchester United have received a bid from Sheikh Jassim Bin Hamad Al Thani for 100 per cent of the Premier League soccer club, said an official statement from Qatari banker Al Thani's representatives on Friday.'The bid will be completely debt free via Sheikh Jassim's Nine Two Foundation, which will look
Read more »

Son of former Qatari PM bids for Manchester UnitedSon of former Qatari PM bids for Manchester UnitedSheikh Jassim Bin Hamad Al Thani, a son of Qatar's former prime minister, on Friday (Feb 17) launched a bid to buy Premier League football club Manchester United, whose American owners launched a formal sale process late last year. A deal for United is expected to shatter records for the sale of a sports business. The club's current majority owners,...
Read more »

Ratcliffe's INEOS confirm bid for Manchester UnitedRatcliffe's INEOS confirm bid for Manchester United:Manchester United have received a bid from Jim Ratcliffe's company INEOS for the Premier League soccer club, the chemical firm confirmed in a statement on Saturday.The Glazer family, United's American owners, said in November they had begun looking at options for the record 20-time English champions, includi
Read more »

Ratcliffe's INEOS confirm bid for Manchester UnitedRatcliffe's INEOS confirm bid for Manchester UnitedManchester United have received a bid from Jim Ratcliffe's company INEOS for the Premier League football club, the chemical firm confirmed in a statement on Saturday (Feb 18). The Glazer family, United's American owners, said in November they had begun looking at options for the record 20-time English cham
Read more »



Render Time: 2025-03-29 17:31:54