General view inside Manchester United's Old Trafford stadium ahead of the match on 10 January 2023

Qatar-linked investors ‘want full takeover of Manchester United’

The Qatari Investment Authority would like to complete a full takeover of Manchester United, which is looking for a potential sale.

The Qatar Investment Authority is reportedly interested in buying Manchester United in its entirety.

The Glazer family have owned the Red Devils since 2005, but they issued a statement towards the end of last year, in which they said they were exploring “strategic alternatives for the club”.

The statement went on to say that the Glazers were considering different options, including a new investment or a complete sale.

A recent report claimed that investors linked to the Qatari royal family were preparing to submit a takeover bid this week.

According The mirrorthe Qatar Investment Authority are only interested in a full takeover of the 20-time English champions.

© Reuters

The proposed bid will be submitted in time to meet the February 17 deadline, which was set by investment bank Raine Group, which is managing the sale.

Report claims takeover bid is backed by Skeikh Tamim bin Hamad Al-Thanithe Emir of Qatar.

There is uncertainty about how UEFA might react to the bid, with Paris Saint Germain owned by Qatar Sports Investment, which is a subsidiary of the Qatar Investment Authority.

UEFA has rules on dual ownership, but the Red Bull group, which owns clubs such as RB Leipzig and Red Bull Salzburg, has demonstrated that it is still possible to adhere to the regulations.

In a separate report, the Daily mail claims Qatar could play by the rules by setting up different management teams and corporate structures for PSG and Man United.

General view of Manchester United's Old Trafford taken in August 2018© Reuters

The Qatari-backed bid is set to face competition, however, with four serious bids expected to be presented next week.

Mr INEOS Owner Jim Ratcliffewhich owns Ligue 1 side Nice and Swiss side FC Lausanne-Sport, is expected to be among the bidders.

Ratcliffe is a Man United supporter and he has previously expressed interest in buying the Red Devils.

The Glazer family are seeking an offer of around £5 billion ($6.6 billion), although it is suggested that an offer of £4.5 billion ($5.5 billion ) could be accepted.

On the pitch, Man United picked up a 2-0 victory over Leeds United on Sunday, which leaves them in third place in the Premier League table.

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