Bank of America has been contracted to be one of the advisers on Qatari Sheikh Jassim Bin Hamad J.J. Al Thani’s bid to acquire Premier League soccer club Manchester United, the Sheikh’s spokesperson confirmed.
Sheikh Jassim, who confirmed his bid in an email on Friday, will look to Bank of America to assist him in constructing a winning bid that will see him beat a number of investment banks and private investors in what is now a heated race to take over the renowned English soccer team.
According to a report from Bloomberg News, Sheikh Jassim’s opening offer could value Manchester United at about £5 billion ($6 billion). The son of former prime minister Hamad bin Jassim bin Jaber Al Thani and a member of the royal family, the Sheikh is looking to buy the club from the U.S. Glazer family.
“The bid plans to return the club to its former glories both on and off the pitch, and — above all — will seek to place the fans at the heart of Manchester United Football Club once more,” he wrote in a statement.