Qatar Investment Authority will make takeover bid for Manchester United by Friday

Qatar Investment Authority will make a bid for Manchester United by the deadline on Friday, February 17.

Telegraph Sport has confirmed QIA will table an offer for the takeover of the club, not a minority stake.

The Glazer family, who have owned United for almost 18 years, are demanding a fee of at least £5 billion, however, it is unconfirmed whether or not they want to sell the club in its entirety.

QIA’s bid could cause complications given their involvement with Paris Saint-Germain, as UEFA currently have a ban on dual ownership. Telegraph’s report also states that the sovereign wealth fund is worth $450 billion.

Other interest in United

As well as Qatar, there is interest coming from Saudi Arabia, China, Singapore and America for United. Sir Jim Ratcliffe, CEO of INEOS, will also be a part of the bidding process.

Updates will likely come thick and fast in the coming days and we’ll keep supporters updated throughout.

More Stories Glazer family Manchester United Paris Saint-Germain

1 Comment

Comments are closed