Manchester United: Investors from Qatar will submit an offer for the club within DAYS
Qatari investors are planning an incredible mega-money dump for Manchester United and want to give manager Erik ten Hag the financial backing to take the club back to the top, Sportsmail can reveal.
Sources have revealed that a group of private wealthy individuals from the oil-rich state, buoyed by hosting the World Cup in Qatar, have targeted a club they see as “football’s crown jewels”.
They will be making an offer for United in the coming days before the deadline set by the Glazers in mid-February and are confident their offer will blow the competition out of the water.
United owners are demanding more than £6billion for the club and there is the prospect of another huge bill to redevelop Old Trafford or demolish the iconic venue and build a new state-of-the-art facility. Such a project could cost more than £2bn but that would not be a problem for the Qatari group.
Fan engagement is at the heart of their bid and they may well seek fans’ views on the future of the stadium.
Qatari investors are set to make a huge bid for Manchester United in the coming days
Manager Erik ten Hag (L) would get a huge transfer fund if the deal went through. Qatar’s monarch Sheikh Tamim bin Hamad Al Thani (R) is known as a big Manchester United fan
A group of wealthy individuals from the oil-rich state, buoyed by hosting the World Cup in Qatar, have targeted a club they see as “football’s crown jewels”.
A potential stumbling block is Qatar Sports Investments’ stake in Paris Saint-Germain. A company cannot own two clubs in the same competition – and United and PSG could meet in Europe.
The bid for United would come from separate, individual Qatari investors. There is no interest in a partial participation, only a complete takeover is being discussed. Insiders have revealed that the group wants to use the knowledge gained from organizing the World Cup and is looking for a new project.
That includes handing Ten Hag a transfer war chest so he can compete for signings at the richest clubs in the world.
“There is significant funding available,” they said. “These people mean business. They want to make sure United are where they should be and they are confident their offer will be the strongest.
United owners Joel (L) and Avram (R), Glazer are targeting the £6bn sale of the North club
A successful bid would see Qatari-owned United take on Saudi-owned Newcastle
“They want to strengthen the squad to get them back at the top, but they also want it to be for the good of the community.
“They also want to build on the success of the World Cup. They recognize that Manchester United is the greatest football club in the world, the crown jewels, and there’s a steely determination to buy it and take it to where it should be.
A successful bid would see the two Manchester clubs on opposite sides in the Qatar-Abu Dhabi rivalry. It would also result in United of Qatar taking on Newcastle of Saudi Arabia. The Gulf neighbors are bitter rivals.
The takeover would require Premier League approval and could face opposition in some quarters amid concerns over the country’s human rights record.
The Emir of Qatar, head of his absolute monarchy, Sheikh Tamim bin Hamad Al Thani, is a staunch United fan who knows the club’s history intimately.
In 2011 it was reported that the Al Thani family had an offer of more than £1billion for United which was rejected by the Glazers.
The Qataris face a major rival in Britain’s richest man, Jim Ratcliffe
That year they bought 70 percent stake in PSG. Although the French giants are yet to win a Champions League title, Qatari money has made the club the biggest in the country and transformed them into a global force.
Qataris face a major rival in Jim Ratcliffe, Britain’s richest man. Others are also likely to bid, but the Ineos owner and lifelong United supporter was the first to go public with his intention to buy the club.
US commercial bankers Raine, who are handling the process and also overseeing the sale of Chelsea, shared financial information with interested parties ahead of the move to the next phase.
No timeframe has been set for the conclusion but the Qataris are keen for the process to be completed quickly.
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