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Home Football Transfers

Sheikh Jassim’s £7bn Manchester United bid explained — INEOS & Ratcliffe in the race

All you need to know about Sheikh Jassim bin Halad Al Thani, Manchester United’s most likely new owner

Mudeet Arora by Mudeet Arora
January 16, 2026
in Football Transfers
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Sheikh Jassim’s £7bn Manchester United bid explained — INEOS & Ratcliffe in the race

The drama around the sale of Manchester United continue but who’s actually in the running to snap up the iconic club?

BestofBets.com looks at one of the main contestants, Sheikh Jassim bin Hamad Al Thani, in this race, a deal which could be worth unto £7bn.
Sheikh Jassim bin Hamad Al Thani, a Qatari banker and son of Qatar’s prime minister between 2007 and 2013, is now the most likely candidate to become Manchester United’s new owner in a deal that’s worth an eyewatering about of money.
That being said, Manchester based local billionaire and owner of the fourth largest chemical company in the world, INEOS, Sir Jim Ratcliffe, is hot on his heels.
Sheikh Jassim gained his education from the Royal Military Academy in Sandhurst, UK. There, he graduated as an officer cadet before taking up the role as chairman of the Qatar Islamic Bank (QIB).

The former board member of Credit Suisse has promised United fans to return their beloved club to former glories, while wiping out all debt that has been accrued by the Glazers.

The statement, released on Friday the 17th February, read: “Sheikh Jassim Bin Hamad Al Thani today confirmed his submission of a bid for 100 per cent of Manchester United Football Club.
“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 bid will be completely debt free via Sheikh Jassim’s Nine Two Foundation, which 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 vision of the bid is for Manchester United to be renowned for footballing excellence and regarded as the greatest football club in the world. More details of the bid will be released, when appropriate, if and when the bid process develops.”
It is believed that Sheikh Jassim has been a lifelong Manchester United fan and while his actual net worth is unclear. It is worth mentioning that being QIB’s chairman and his family background, he is a billionaire with his family’s worth being around £275bn. Forbes estimates his net worth to just over £1bn.
That being said, there’s been an increasing controversy surrounding Al Thani’s bid for Manchester United due to his close bond with the Qatari royal family. With many “experts” pointing out their record on human rights, migrant workers and LGBTQ.
It is also important to point out that the bid for United isn’t coming from the state-owned Qatar Sports Investment, who also own PSG, as UEFA laws do not allow full ownership of multiple football clubs by any group or individual due to conflict of interest.
However, regardless of the various opinions about who may be the ‘better’ owner. It should be said that all of these billionaire candidates, may it be Sir Jim Ratcliffe, Al Thani or anyone else none of them are squeaky clean and they all have a history that won’t sit well on grounds of morality. What’s different, is that the British media have been quick with listing the reasons why the Qataris shouldn’t get this but little has been said about the other bids.
Yet, at this moment in time, the huge Manchester United fanbase remain divided as the list of pros and cons for each candidate continue to grow.

Manchester United sale: Sheikh Jassim bid explained

Ownership race overview and what it means for fans

The sale process for Manchester United has attracted global attention and raised complex questions about ownership, finance and the future sporting direction of the club.

Fans, sponsors and regulators will watch closely as bidders outline plans that could reshape the club both on and off the pitch.

Sheikh Jassim’s background and financial profile

Sheikh Jassim bin Hamad Al Thani combines banking experience with a longstanding connection to football as a lifelong United supporter, and he has held senior roles such as QIB chairmanship.

Public estimates of personal net worth vary, but it is the Nine Two Foundation structure that his camp highlights as the vehicle to complete a debt-free acquisition.

Nine Two Foundation and proposed debt-free plan

The Nine Two Foundation is presented as a non-debt model intended to remove club liabilities and fund investments into squad, training facilities and stadium improvements.

How that structure would operate day-to-day, and how it would be regulated, remains a focal point for both the Glazers and independent advisers to the club.

Competing bidders and Sir Jim Ratcliffe’s position

Sir Jim Ratcliffe and INEOS have been publicly active in the process and are positioned as a strong UK-based alternative to overseas ownership.

Ratcliffe’s bid emphasises industrial management, footballing investment and a preference for a local ownership narrative with commercial stability.

INEOS strategic approach to football and investment

INEOS has become more involved in sport in recent years, with a measured strategy that combines capital discipline and targeted sporting recruitment.

Any INEOS proposal would likely foreground operational governance and incremental investment rather than headline emergency spending.

Regulation, conflicts of interest and UEFA rules

UEFA and English football governance have clear rules designed to avoid conflicts where an owner might hold significant influence over multiple clubs in the same competition.

Those restrictions explain why state-linked entities like Qatar Sports Investments face structural limits on taking full ownership of other European sides if it risks competitive integrity.

Why QSI cannot fully own multiple clubs under UEFA law

UEFA’s ownership principles prevent full control of more than one club participating in their competitions where commercial or sporting conflict could arise.

This legal context has influenced how bids are structured and why some wealthy parties adopt different legal vehicles to comply with sporting rules.

Public debate, media coverage and human rights concerns

The conversation around potential buyers has extended well beyond finance, with human rights, labour standards and reputational questions featuring in public discourse.

Media scrutiny is part of modern football ownership debates and can shape perceptions among supporters and commercial partners alike.

How fan voices shape ownership discussions in Britain

Fan groups, local politicians and supporters’ associations have leveraged public consultation and media channels to press for transparency, community investment and supporter representation.

Owners now commonly face expectations for meaningful engagement with supporters, and that dynamic may influence final terms and governance guarantees.

Potential impact on United’s operations and transfers

A new owner’s appetite for transfer spending, academy investment and managerial stability will determine the short- and long-term trajectory of on-field performance.

Investors who prioritise infrastructure and youth development may favour a different strategy from those focused on immediate marquee signings.

What changes owners usually make at top clubs

New owners often review executive leadership, commercial strategy and sporting analytics before committing to long-term plans for recruitment and scouting.

Expectations around continuity versus rapid overhaul vary among supporters and depend on the incoming owner’s philosophy and resources.

What this means for the betting and football markets generally

High-profile ownership changes can affect transfer market sentiment, managerial futures and bookmaker odds for competitions, but outcomes are inherently uncertain.

If you follow football markets, treat changes as one of many variables and avoid treating news as a guarantee of sporting results.

How to approach betting information responsibly as a fan

Betting should be for entertainment only and is for customers aged 18 and over; it is never a way to solve financial problems or a route to guaranteed income.

If you choose to place bets, set limits, understand the risks and use reputable bookmakers—our comparison tools can help you compare offers responsibly.

Key questions fans should ask potential owners

Supporters should seek clarity on governance, long-term sporting plans, community investment, transparency and how fan interests will be represented.

Public commitments around debt, investment in youth and stadium experience are practical indicators of an owner’s priorities.

How governance and supporter representation can be improved

Mechanisms such as supporter advisory boards, independent trust representation and clear reporting on community spend can strengthen accountability.

Well-structured governance reduces reputational risk and helps align owner decisions with the club’s broader community role.

BestOfBets provides informed coverage for UK football fans and sports bettors aged 18+, focusing on factual analysis and responsible information rather than promotion of betting as a solution.

Remember to gamble responsibly and to seek help if betting stops being fun: you can find tools and support from recognised charities and regulator guidance.

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Frequently asked questions about the Manchester United sale

Q: Who is Sheikh Jassim and why is he bidding?

A: Sheikh Jassim is a Qatari banker and public figure who has lodged a bid via the Nine Two Foundation, citing plans to return the club to its former sporting success.

Q: Is the bid from Sheikh Jassim debt-free as claimed?

A: The campaign has described a debt-free structure through a foundation, but detailed legal and financial terms will be disclosed during due diligence and regulatory review.

Q: Can Qatar Sports Investments buy Manchester United directly?

A: UEFA rules limit ownership of multiple clubs where conflicts could arise, which is why QSI is not being presented as the direct purchaser in this process.

Q: What are the main concerns raised by opponents of the Qatari-linked bid?

A: Critics often point to links with the Qatari royal family and raise questions about human rights and labour standards; these are part of broader public and media debates.

Q: How might a new owner affect transfers and the squad?

A: Owner priorities vary; some focus on infrastructure and youth, others on immediate spending. Any impact depends on long-term strategy rather than headline announcements.

Q: Are there safeguards for fans in an ownership change?

A: Fans can press for governance guarantees such as supporter representation, financial transparency and commitments to community investment as part of the sale terms.

Q: Where can I compare bookmaker offers related to football markets?

A: BestOfBets offers comparison tools listing bookmaker offers for 18+ customers; use these responsibly and avoid viewing betting as a way to make money.

Tags: 2024Man UtdManchester UnitedTransfer rumours
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