Mirror: after withdrawing from bidding for Manchester United, Jassim’s consortium may acquire Tottenham Hotspur

Live Bar, October 16, the Mirror reported that Shaikh Jassim withdrew from the competition to acquire Manchester United, and the Qatar businessman may now re-arouse the interest of investment spurs.

In last November, the Glazer family started the Manchester United takeover battle. The Qatar businessman and Sir Ratcliffe were one of the two leaders. Ratcliffe is now ready to buy 25% of the club’s shares. In the long run, he may take over Old Trafford completely. Manchester United’s board of directors will vote this week to approve the investment of Ratcliffe, Britain’s richest man, which will make him the biggest individual shareholder of the club because he wants to control the team’s sports decisions.

The next step of Sheikh Jassim is not clear, and it is believed that he is keen to invest in the Premier League. Qatar hosted the World Cup last year, but they witnessed regional rivals Saudi Arabia and Abu Dhabi gain a foothold in the Premier League through Newcastle and Manchester City respectively. Qatar executives are eager to invest in a top club in England. PARIS President Nasser played a role in the proposal of acquiring Manchester United put forward by Sheikh Jassim, when he was in acquisition negotiations with Spanish and Brazilian clubs.

Earlier this year, The Athletic reported how Jassim’s team consulted Nasser on Manchester United’s valuation after The Glazer family wanted to buy Manchester United for 6.4 billion pounds. QSI, the Qatar investment fund, has owned Paris Saint Germain since it acquired Paris Saint Germain in 2011. The fund hopes to expand its portfolio by making minority equity investments in several clubs. Earlier this year, Jassim met with Spurs chairman Levi to discuss potential investments in the club. Although QSI may not invest in Hotspur, a consortium led by Jassim may buy the club. This will be similar to QSI’s investment in Paris, because Tottenham will represent a foothold in London and one of the most eye-catching clubs in the highest level league.

In addition to owning 100 percent of Paris Saint Germain, QSI also owns 21.67 percent of Braga, the fourth largest Portuguese club, which is believed to be a minority shareholder of another European club, participate in Intercontinental competitions with at least one South American club. In recent months, QSI has negotiated to invest in two other clubs. The Spanish club Málaga is currently owned by Abdullah al-Thani from the ruling family of Qatar, who is a distant relative of the former ruler of Qatar, Sheikh Hamad.

Although they initially invested a lot of money after buying the Andalusia club in 2010, including reaching the Champions League quarter-finals in 2012-13, their wealth has dropped sharply since then. Alessani’s investment in the club dried up and the club fell into chaos. They were downgraded from La Liga in 2018, and the recent downgrade may make their survival questioned.

QSI is also studying the acquisition of Santos in Brazil, which hopes to gain greater economic capacity. They even asked the club chairman Andres Rueda to study Santos’s financial accounts before a possible transfer. The Brazilian media Globe reported in detail how Neymar’s father acted as a middleman in the potential acquisition plan.

(eagle)