Doha's Sheikh Jassim bids for Manchester United

Doha's Sheikh Jassim bids for Manchester United

Old Trafford Stadium, home of Manchester United football team, is pictured in Manchester, northern England in this file photo taken on November 23, 2022. People familiar with the matter told Reuters on Saturday that Sheikh Jassim Bin Hamad Al Thani, the son of Qatar's former prime minister, has submitted an improved bid to buy Premier League club Manchester United.

Sheikh Jassim had made an earlier bid in February. A spokeswoman for Sheikh Jassim said at the time that the bid was completely debt free, via Sheikh Jassim's Nine Two Foundation.

Sky Sports News reported earlier that the bid was believed to be worth around 5 billion pounds $6.12 billion, but later reports on its website did not mention the figure.

The Glazer family, Manchester United's American owners, launched a formal sale process late last year and have received several bids, including British billionaire Jim Ratcliffe, founder of chemicals producer INEOS, and Finnish businessman Thomas Zilliacus.

Any sale of the club would likely surpass the biggest sports deal, according to sources told Reuters earlier in the day.

According to the analysis by Deloitte, United are the fourth richest soccer club in the world. They are widely seen as one of the most prized assets in sport.