BarstoolProphet
Full Member
- Joined
- Aug 7, 2014
- Messages
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Ok, gents I’ll try once more.
The Qatari bid for Manchester United is fronted by Sheik Jassim bin Hamad Al Thani. He is the son of HBJ (one of 15 kids by 2 wives) - HBJ is the former prime minister of Qatar and former head of the QIA. There’s your first link to the state.
Sheik Jassim is the chairman of Qatar Islamic Bank. It conducts its domestic business through 31 branches spread throughout the country, in addition to private centers for ladies (Just to make them feel special, presumably) and dedicated lounges for affluent customers (no riff Ralf allowed).
The single largest shareholder of QIB is the Qatar Investment Authority, Qatars state run sovereign wealth fund. There is your second link to the state. Sheik Jassim was also formerly employed by Credit Suisse. The QIA holds a stake in Credit Suisse.
The QIA's structure and decision-making procedures have been characterized as non-transparent. Spending decisions regarding the fund have been linked to the emir and the prime minister (regardless of whether they sit on the board of the fund).
The QIA was widely reported to have an interest in purchasing Manchester United but due to its involvement in QSI (QSi is subsidiary of QIA) who own PSG they would be barred from doing so, or at least one of the two clubs would be unable to compete in UEFA competitions for fear of the teams being drawn to play each other thus calling into question the integrity of the competition (presumably the Champions League).
Interestingly should any club wish to complain about Utd and PSG being owned by the same people, their first port of call would be the European Clubs' Association, which is chaired by Nasser Al-Khelifa, president of PSG, chairman of Qatar Sports Investment and a member of QIA and UEFA's executive committee.
All roads lead to this being a state buyout of United, funded by state money with Sheik Jassim being the ‘acceptably distanced’ face of the cover up operation, because nobody knows anything much about him - even his spokespeople who could say how old he is, or whether he is married with kids or not.[/COLOR]
Here is a visual aid courtesy of the Daily Mail.
Sorry for the long post, but is that thourough enough? Got to be seen to be being fair to both bids. And not a meme of emoji in sight.
Very good! I do support the theory that QIA or QSI eventually will own United if the Qatari bid is successful, just not right now. Probably after the situation with PSG is resolved and maybe the worst storm of criticism has cleared.