The Costa del Sol club could be changing hands over the coming weeks, with sheikh Al Thani considering offers to sell.
Back in 2005, after hanging up his boots with Coventry City and before embarking on his coaching career with Tottenham Hotspur, current Aston Villa boss Tim Sherwood was at the head of a British consortium, exploring the possibility of buying La Liga club Malaga.
Following lengthy negotiations between all parties, eventually Sherwood and his consortium couldn't conclude a deal for the ailing club. After the difficulties continued for another five years, in 2010, sheikh Abdullah ben Nasser Al Thani successfully bought the club and sparked a revolution on the Costa del Sol.
Whilst in his first years, Al Thani invested heavily at Malaga with big money signings, which saw the team enjoy an adventure in the Champions League during the 2012-13 campaign, since then, the situation has very much changed at the club.
Malaga were banned from European competition by UEFA for the 2013-14 season, having failed to meet Financial Fair Play regulations and from there, the level of investment from Al Thani seemed to dry up.
All the leading stars were sold on, including the likes of Santi Cazorla, then Nacho Monreal to Arsenal, whilst Malaga sought to balance the books and clear debts.
Now it appears the club is up for sale, with Al Thani currently weighing up offers from various international bidders, all with different project aims in mind for Malaga.
The first offer on the table came from Chinese investment group, Shanghai based Double-Edged Sports, with an overall plan amounting to a total investment of around €100 million, according to Diario SUR.
The Chinese group have bid €30 million to take control of the club, plan to invest in a capacity increase at La Rosaleda of around 15,000 additional seats, whilst also building a commercial zone next to the stadium, along with development of the youth academy.
However, a rival bid has reportedly been made by a British consortium, who according to Cadena SER radio, have offered a superior bid to Al Thani of €55 million for his stake in Malaga, whilst outlining their own further investment proposals.
Both proposals are currently being carefully studied by executives at Malaga, with the possibility that a change of ownership could become a reality, over the coming weeks.
As things stand, the Chinese consortium aren't apparently willing to raise their offer any higher, which has lead to further reports they're turning attention to another La Liga side in financial difficulties, Espanyol.
The bid from the British consortium is said to have followed initial contact in April, with firmer numbers now being placed on the table, along with guarantees of backing and plans for the future of the club.
Malaga boast a very strong British expatriate following in the Costa del Sol, most notably fan group, Guiri Army, who passionately support the team in very strong numbers, both home and away.