Sheikh Jassim Bin Hamad Al Thani submitted the first formal bid for the Premier League club, it is understood
The Nine Two Foundation is a new financial entity set up to privately fund the bid.
There is believed to be interest in the club from four quarters: Sheikh Jassim; Sir Jim, the billionaire owner of the INEOS group; a bid from the US; and a bid from Saudi Arabia. The bids from Saudi Arabia and Qatar are expected to be the only ones that would not rely on borrowed money. But Sheikh Jassim Bin Hamad Al Thani's father has been prominent in London investments for years as a former prime minister of Qatar.
That appears a nod to the Class of 92 - the generation of youth players including David Beckham who were behind the club's dominance under Sir Alex Ferguson.
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