Qatari investors planning to make a huge bid for Manchester United
Qatari investors are reportedly interested in buying Manchester United.
According to the Daily Mail, a group of private, high-wealth individuals from Qatar are planning to make an offer for the English club in the coming days.
The Glazers are willing to sell United and have reportedly set a deadline of mid-February to analyse all the proposals for the club.
The American owners want a whopping £6 billion to end their long-term association with the Manchester outfit, however as Man Utd news sites have extensively covered in the last few months, that amount might price out most buyers.
The wealthy investors from Qatar are reportedly willing to meet that valuation. Not only that, they would also be keen to spend another £2bn to redevelop the Old Trafford Stadium.
The Qataris face competition from Jim Ratcliffe who is the richest man in the UK. Ratcliffe, who is also a lifelong United supporter, has publicly expressed his desire to buy the club.
But the investors from the Middle Eastern country are confident of beating any competitors.
However, Qatar Sports Investments already own Ligue 1 giants Paris Saint-Germain. As per the rules, one entity cannot own two clubs in the same competition.
But the investors planning to bid for United are said to be independent of Qatar Sports Investments.
One of the most hated owners
The Glazers have financially exploited Manchester United for well over a decade. They have taken their dividends and have saddled the club with enormous debts.
The Red Devils have lifted five Premier League titles under their reign. But that success came when Sir Alex Ferguson was at the helm of affairs.
Since the Scottish boss left Old Trafford in 2013, United have failed to win a single league title.
They have struggled to compete with arch-rivals Manchester City who have been hugely successful in the last decade.
One of the main reasons for United’s failure has been the limited investment from the Glazers.
Fans will now be happy that the Glazer family have put the Red Devils up for sale and a new owner will take over the club soon.
