A consortium led by the Chairman of Qatar Islamic Bank (QIB), HE Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber al-Thani, announced Friday it had submitted an offer to take full control of Manchester United, with British billionaire Jim Ratcliffe also reported to have lodged a bid.
HE Sheikh Jassim Bin Hamad al-Thani "confirmed his submission of a bid for 100 percent of Manchester United Football Club", his press release said ahead of Friday's "soft" deadline for bidders.
The statement from HE Sheikh Jassim Bin Hamad al-Thani did not give any details on the amount proposed in the bid for United.
However, the price could reach a record $6 billion, according to reports.
The bid announced Friday 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 experience and the communities the club supports".