No Saudi-backed offer on the table for Manchester United

There has been no bid for Manchester United from Saudi Arabia.

Amid constant speculation over a potential takeover at Manchester United, the Daily Mail has revealed that there has been no Saudi-backed move for the football club.

It is understood that the recent Saudi-backed takeover of Newcastle United would have made the situation unpalatable, while the Qataris have seemingly found ways around that – with the state already investing in Paris Saint Germain.

The race for a takeover of United currently consists of Sheikh Jassim bin Hamad Al Thani, Sir Jim Ratcliffe and US hedge fund giant Elliott.

Those involved with the Qatar bid are quietly confident of success, as per the Daily Mail, but a decision must first come from the Glazer family, with help from their financial advisors Raine Group.

Earlier today, the Manchester United Supporters’ Trust released a statement on the situation.

It reads: “At the commencement of the sale process, MUST was very clear about our list of asks for any new owner of Manchester United. These were to restore the club to the top of European football, invest in the teams, the wide club and the stadium, to ensure financial stability and to work in true partnership with fans at all times. These principles have been backed to date by 150 fan groups from all across the world.

“Any bid will be judged against these criteria, but with the news of the specific bids coming in, further considerations arise.”

The statement also added: “We also note the importance that any owner respects the rights of all people, particularly women and the LGBTQ+ community. Concerns have been raised by other fans groups which we fully support.”

It remains to be seen what the Raine Group has in store for the next phase of the takeover.

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