A new prospective buyer has entered the bidding process to purchase Manchester United, but not at the price the owners were expecting.
According to ESPN's Rob Dawson, Sheikh Jassim Bin Hamad Al Thani, the chairperson of Qatar Islamic Bank, confirmed that he has launched a bid for the club.
"However, Al Thani's bid was below the club's valuation of £6 billion ($7.2 billion) set by owners the Glazer family," Dawson stated, while also noting that the Qatar Islamic Bank's assets are estimated at more than £40 billion ($48 billion).
Al Thani is now the second person to confirm his interest in buying Manchester United, joining British billionaire Sir Jim Ratcliffe, who is the chairman and CEO of chemical company INEOS.