Manchester United takeover: Ultra-rich Qatari investors ready to file ‘blockbuster’ bid?

Manchester United takeover: Ultra-rich Qatari investors ready to file ‘blockbuster’ bid?

Qatari investors are planning to make a huge bid to buy Premier League club Manchester United, the Daily Mail newspaper reported on Tuesday, citing unnamed sources.

The report described the investors as “a group of private, high-wealth individuals” from Qatar, which hosted the 2022 World Cup.

Reuters has contacted Manchester United for comment.

The group is expected to announce the ‘blockbuster’ bid within days, which will come with a significant financial package to support coach Erik ten Hag’s mission to boost the club’s ranking, according to another report from the Mirror.

formally entered the bidding process to buy United last month after the club’s US owners, the Glazer family, said

Bloomberg News reported last month that Qatar Sports Investments (QSI), which owns Paris St Germain (PSG), was considering either a total takeover or a stake in Manchester United or their rivals Liverpool.

United fans and the Glazers have been the target of intense criticism as the team last won silverware back in 2017, lifting the Europa League and League Cup trophies.

In April, thousands protested outside Old Trafford, lighting flares and singing songs demanding the Glazers “get out of the club”.

United’s net debt, another bone of contention among fans, had grown to 515 million pounds ($620.42 million) by September.

The team, managed by Erik ten Hag, are third in the league on 42 points after 21 games, three points behind Manchester City but eight adrift of leaders Arsenal, who have played a game less.

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