Reports suggest that Nasser Al-Khelaifi, the president of Paris Saint-Germain (PSG), has played a significant role in supporting Sheikh Jassim in his attempt to acquire ownership of Manchester United.
Al-Khelaifi who serves as the chairman of the Qatari sovereign wealth fund that holds PSG, has reportedly provided guidance to Sheikh Jassim’s takeover endeavor, according to The Athletic.
The Glazer family, the current owners of Manchester United, have even reached out to Al-Khelaifi, seeking his assistance in persuading the Qatari royal to increase his bid.
However, the involvement of Al-Khelaifi has raised concerns among other Premier League clubs, as they fear that United might become the latest team in the English top-flight to come under state ownership from the Middle East. A Qatari takeover could potentially trigger calls for an investigation from the authorities.
The broader context reveals that Sheikh Jassim’s Nine Two foundation is engaged in a head-to-head competition with British billionaire Sir Jim Ratcliffe to secure ownership of the Premier League club.
Ratcliffe’s group has been considered the front-runner in the bidding process, but Sheikh Jassim has reportedly submitted a final offer in an effort to gain an advantage.
Under the Qatari bid, Sheikh Jassim intends to acquire the entirety of the club from the Glazer family and other minority shareholders.
This would involve removing Manchester United from the New York Stock Exchange and transitioning it into private ownership.
In contrast, Ratcliffe’s proposal involves the Glazer family remaining as minority shareholders for a period of time, after which Ratcliffe would gradually buy out their shares entirely.
Subsequently, Ratcliffe would extend offers to other individuals who hold smaller stakes in the club.