Father of Manchester United’s potential new proprietor Sheikh Jassim criticises bid for membership: ‘I don’t like this funding’
Manchester United’s potential new proprietor Sheikh Jassim bin Hamad Al Thani faces criticism for his bid for the membership, not least of all from his father who has admitted he does not even like soccer.
Sheikh Jassim tabled a bid believed to be within the area of £4.5 billion to accumulate ‘100 per cent’ of Manchester United to the Glazers final month, however he faces competitors from Sir Jim Ratcliffe’s Ineos and the Glazers’ personal reported £6 billion valuation of the membership.
US funding agency, Elliott, have additionally supplied a minority stake within the membership.
Sheik Jassim’s father, former Qatar prime minister Sheikh Hamad bin Jassim bin Jaber Al Thani, mentioned in an interview for the David Rubenstein Present: Peer-to-Peer Conversations that he is not a fan of Sheikh Jassim’s choice, however he might in the end come round to the concept if it finally ends up turning into a profitable funding.
“I’m not a soccer fan,” Sheikh Hamad mentioned.
“I don’t like this funding. Perhaps it can work nicely. However you recognize, a few of my sons like this, they at all times talk about it with me. They’re pushing exhausting. This isn’t my speciality.
“Let me put it like this: I’m an investor. If it can in the future be funding, I’ll give it some thought. I cannot take a look at it as one thing you do exactly as an commercial.”
Sheikh Hamad did admit to being fallacious about Qatar internet hosting World Cup 2022, although, suggesting he’s open to altering his thoughts about Sheikh Jassim’s potential acquisition of Manchester United.
He hinted at how staging the match proved particularly helpful for the nation, one thing he did not foresee.
“I believed that is some huge cash and energy that shall be spent,” he mentioned. “We might spend it on one thing else that is good for the individuals and the nation.
“However if you happen to ask me now, I’ll let you know there was a whole lot of constructive outcomes. And the constructive end result was not solely placing Qatar on the map.
“Take a look at the individuals who visited. I knew many from the enterprise neighborhood, from everywhere in the world. They got here, a few of them for the primary time. They introduced their households.”