Qatar consortium submits bid for Man United

On Friday, a consortium led by Sheikh Jassim Bin Hamad Al Thani, chairman of Qatar Islamic Bank, announced that it had made an offer to buy Manchester United from the English Premier League. 

"Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100% ownership of Manchester United Football Club," according to his press release. 

According to reports, the price proposed in the bid for the club could reach a record 6 billion euros, according to the statement. 

"More details of the bid will be released when appropriate, if and when the bid process develops," the statement said, adding that the bid "will be completely debt free" thanks to Sheikh Jassim's Nine Two Foundation. 

"(It) 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. 

"The bid plans to return the club to its former glories both on and off the pitch, and - above all - will seek to place the fans at the heart of Manchester United Football Club once more. 

"The vision of the bid is for Manchester United Football Club to be renowned for footballing excellence, and regarded as the greatest football club in the world. 

The American Glazer family, who bought the 20-time English champions in 2005, announced in November that they were open to a sale or investment.

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