The Qatari banker’s plan for Man Utd is clear. INEOS job is already in Jeopardy as they wil forced to sell off their share or be bought by Shiekh Jassim.
Sheikh Jassim Bin Hamad Al Thani, once a strong candidate in the battle to acquire Manchester United, has officially ended his pursuit by dissolving Nine Two UK Holdings Limited—the company established to facilitate his bid. This decision solidifies the conclusion of his attempt to take over the club, following the Glazer family’s choice to sell a minority stake to Sir Jim Ratcliffe and INEOS instead.
Nine Two UK Holdings Limited was formed on June 15, 2023, as part of Sheikh Jassim’s plan to secure full ownership of Manchester United. The name was widely interpreted as a tribute to the club’s famous “Class of ’92,” which added to speculation that his offer could be successful. Unlike Ratcliffe’s approach, which involved purchasing a minority stake while allowing the Glazers to retain influence, Sheikh Jassim aimed for a complete buyout. His proposal reportedly included paying off the club’s debts and making significant financial investments. However, the Glazers opted for Ratcliffe’s offer, ensuring their continued presence at the club.
The dissolution of Nine Two UK Holdings Limited brings an official close to one of the most closely watched takeover attempts in football. Throughout the bidding process, Sheikh Jassim’s offer was met with scrutiny, with concerns raised over funding sources and possible links to the Qatari state. He consistently maintained that his bid was privately financed and separate from government influence.
Now that Ratcliffe’s minority stake is confirmed, attention shifts to the impact this new ownership structure will have on Manchester United’s future. While some supporters had hoped for a complete regime change, the Glazers’ ongoing involvement remains a contentious issue. For Sheikh Jassim, the decision to close Nine Two UK Holdings Limited signals that, for now, his aspirations of owning one of football’s most prestigious clubs have been put to rest.
