The English Premier League team, Manchester United, has been sold to Sheikh Jassim Bin Hamad.

Sheikh Jassim was bidding for the Premier League against British billionaire Sir Jim Ratcliffe. He had made the fifth and final offer to purchase the 20-time English champions last week.

According to the sources that are circulating online, Manchester United’s current owners, the Glazers, have chosen Sheikh Jassim’s bid as their preferred option. After people have been demonstrating highly of wanting them to step down.

The offer that he laid down includes the clearance of a £1 billion debt for the team, along with the establishment of a dedicated fund for the club and its surrounding community, thus making a number of investments in the stadium and the training ground.

The offer also provides the current manager, Eric Ten Hag, with the opportunity to strengthen the club’s squad by allowing him to make any necessary transfers in the upcoming season.

Should the deal go on as expected, the preferred candidate, Sheikh Jassim, will be named as the official owner of the club. The public and Manchester United fans await the final official statement.