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Qataris to bid for Manchester United

Manchester United will be bought by Qatari investors on Friday.

Sky Sports News reports that investors from the US and Saudi Arabia will also bid for the club. This is in addition to Sir Jim Ratcliffe’s INEOS which has made its desire for United States public.

Raine Group is organizing the sale of the club for the Glazer family. They have asked for the first bids to be received by Friday at 10 p.m. UK time.

Although the Glazers are looking for at least PS5bn in order to sell the club, an insider told Sky Sports News that they won’t accept any lower than their initial offer.

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Manchester United could be offered by Qatar to Manchester United, leading to substantial investment in Old Trafford, the city of Manchester and the team.

Old Trafford and United’s Carrington training field need to be renovated. The Qataris are willing to invest significant sums to restore the team’s infrastructure and to bring back its former glory days.

Qatar wants to pay less than PS5bn for United. The Glazer family is keen to do so, but Qatar is not willing to pay more. According to one insider, “they won’t dance to the Glazers”

More information about Manchester United

The Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, would approve the Qatari bid. He is also a Manchester United supporter.


Other bids on Man Utd

The bid from Saudi Arabia and Qatar are likely to be the only ones not to rely on borrowed funds to finance the deal.


Elon Musk is one of the richest men in the world and has not spoken out about reports that he might make a bid. Musk, a United supporter, has made jokes on Twitter about the possibility of buying the club.

Ratcliffe, a billionaire in the petrochemicals industry, is another bidder who expressed interest in United. Ratcliffe is currently working to make a deal with JP Morgan and Goldman Sachs, two of the largest US investment banks.

Continue reading:

Qatar is a growing investor in the Premier League

Billionaire Sir Jim Ratcliffe confirms his interest in purchasing Man United

Image Photo: AP


Qatar is determined to purchase or own a stake at a Premier League team

Qatar Investments Authority, a subsidiary Qatar Sports Investments, would buy United if it were to do so.

Manchester United would be owned either by Qatari investors or funds that are linked to the Qatari royals in order to comply with UEFA’s rules on multi-club ownership.

Qatar wants to own or buy a stake in the Premier League this year, to capitalize on the World Cup’s success.

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