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Manchester United will no longer be under the ownership of the Glazers family, as an agreement has been reached for the sale of the shares of the English club. Sheikh Jasim has finally convinced the owners to sell the club and the value is reported to be around £6 billion (€7 billion).
Qatar's royal family has fought hard against rival British billionaire Sir Jim Ratcliffe, who was willing to allow the Glazer family to retain a stake in the Red Devils.
The final sale is expected to take place in mid-October, as the official date has not yet been determined. However, in the following days the club will announce everything through a press release, as "The Sun" reports that the agreement has been reached and there is no going back.
So, the new owners intend that in addition to providing a strong and competitive team for the championship title and Europe, they will also invest in infrastructure. First of all, it is thought to intervene in the "Old Trafford" stadium, to increase the capacity and turn it into a modern stadium, and then to invest in the training complex.
The Glazer family bought Manchester United in 2005 for €935 million. The Americans wanted to keep some of the shares, but were warned that the team's fans were preparing large-scale protests if that happened.
The Sheikh is said to have made a promise. According to "ESPN", he says that he will offer a role in the club to former iconic players such as Gary Neville, Paul Scholes, Denis Irvin, etc.
According to a report prepared at the beginning of March by the "Financial Times", the share price had fallen by almost 10% and the Manchester United club was currently worth only 1.3 billion pounds, approximately 1.5 million euros. So the amount is much less than what Jasim bin Hamad bin Khalifa Al-Tani is paying.
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