Investors from Qatar are set to make a huge bid for Manchester United takeover in the next few days, according to reports.
United’s owners, the Glazer family, announced their intent to “explore strategic alternatives”, which included the option of a sale, back in November. In January, British billionaire Sir Jim Ratcliffe, confirmed his interest in buying the club.
The Glazers are valuing Manchester United at £6 Billion and Manchester United are set to receive an “incredible mega-money” bid from Qatari investors “in the coming days”.
According to The Daily Mail, “a group of private, high-wealth individuals based in the oil-rich state, buoyed by Qatar’s hosting of the World Cup, have set their sights on a club they view as football’s crown jewels”.
A deadline of mid-February has been set by the Glazers, who have been in charge of United since 2005.
Football regulations state one entity cannot own two clubs in the same competition which would be an issue if Qatar Sports Investments are behind the bid for United, as they currently own Paris-Saint Germain.
However, United and PSG could meet in the Champions League or Europa League on paper.
Meanwhile, according to the report, the Red Devils bid would come from individual investors, who want to give Erik ten Hag the money to buy the world’s best players.
According to Daily Mail, ‘There are significant funds available,’ they said. ‘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.’