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All the details: Manchester United set for mega Qatari investment bid
Manchester United are set to receive a mega bid for the club as the Glazer family look to sell the club before mid-February.
This is according to Mike Keegan of the Daily Mail, who claim that a group of Qatari investors are focused on purchasing the club, with the bid set to “blow all competition out of the water”.
It is claimed in the report that sources say the deal will include a transfer “war-chest” for Erik ten Hag to have at his disposal in order to help him battle with the world’s richest clubs in order to attract the world’s best players and take Manchester United back to the top of football.
The Qatari investor group, made up of a group of private, high-wealth individuals based in Qatar, have fan engagement at the heart of their bid, and will seek the opinions of supporters in relation to the future of Old Trafford.
This information has been further backed by talkSPORT, who claim there is Qatari interest in buying United.
The Glazer family are looking for more than £6 billion to sell the club, with the Qatari investors looking to purchase a club they view as “football’s crown jewels”.
Although there is a potential stumbling block of PSG already being owned by Qatar, this bid is said to be from a separate group of investors, circumnavigating issues arising from a conflict of interest.
The investment would need approval from the Premier League, with there no doubt going to be opposition to the move – however, just as Saudi Arabian investment in Newcastle United had it’s original issues resolved, it is likely that the Qatari investment group would be able to do the same.
“There are significant funds available,” the Daily Mail have been told. “These people are serious. They want to make sure that United are where they should be and they are confident theirs will be the strongest bid.
“They want to strengthen the squad to put them back at the top but they also want this to be for the good of the community.
“They also want to build on the success of the World Cup. They recognise that Manchester United is the biggest football club in the world, the crown jewels, and there is a steely-minded determination to buy it and get it to where it should be.”
The Emir of Qatar, Sheik Tamim bin Hamad Al Thani, who is head of its absolute monarchy, is reportedly a committed United fan who is well aware of the club’s history. His family are worth over £335 billion.
The Qatari investors will face opposition from British billionaire Jim Ratcliffe, who’s company INEOS Group announced their intention to bid for Manchester United a few weeks ago.
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