Sheikh Jassim's Man United masterplan 'revealed' amid Ineos crisis as fresh takeover hope given
manchestereveningnews.co.uk'Project Ruby' would reportedly have seen the Qatari consortium fronted by Sheikh Jassim bin Hamad al-Thani remove all debt from Manchester United and reveal fully-funded plans for a new 90,000-plus-seater stadium within days of announcing their takeover.
Sheikh Jassim and the Nine Two Foundation attempted to acquire the club outright, offering a reputed £4.79billion. However, U.S.
Securities and Exchange Commission (SEC) filings documented earlier this year that the Qatar Islamic Bank chairman failed to provide proof of funds before withdrawing from the process.
After raising concerns over the proposal to purchase all the Glazers' shares, the United owners accepted the Sir Jim Ratcliffe-led Ineos bid to buy a quarter of the club's shares for £1.25bn.
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