- 10 hours ago
Qatar bid to buy ALL of Man Utd: The latest
Karan Tejwani
- Updated: 14 Feb 2023 07:55 GMT
- 3 min read
Qatar will bid to buy Manchester United in its entirety, rather than for a stake in the club, as the deadline for interested parties approaches.
The Glazer family have put up Manchester United for sale and are looking for bids worth upwards of £5 billion, which is their valuation of the club.
This is a major development in the process of selling the record English champions as the deadline set by the New York bank authorised to complete the sale approaches.
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A bid by the Qatar Investment Authority is expected to come by the end of the week, although it is not yet clear how they will get around UEFA’s ruling of multi-club ownership and prove they are a separate entity from Paris Saint-Germain, according to The Telegraph.
QIA plotting Man Utd bid
The QIA is a $450 billion sovereign wealth fund with several investments in England and they are looking to add Manchester United to their portfolio.
As things stand, they are the frontrunners for the race and they believe they can top any bid put in by rival bidders, giving them the edge.
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It is reportedly backed by Sheikh Tamim bin Hamad Al-Thani, the Emir of Qatar, who is said to be a big fan of Manchester United.
The ownership bid should quite easily pass the Premier League fit and proper test for ownership but may face a stumbling block from UEFA as Article 5 prohibits one entity owning two clubs in the same competition, meaning one of the two may miss out on European football should they both qualify.
Little bit more info on Qatar/Manchester United: if their bid wins - & they are not here to lose - they would evaluate all depts before making changes. Those there would be given opportunity to impress. Where investment is needed it would be provided - on and off the field. #mufc
— Mike Keegan (@MikeKeegan_DM) February 14, 2023
In 2017, Red Bull proved they are not involved with Red Bull Salzburg and only have investments in RB Leipzig and since then, both the German and Austrian club have taken part in the same UEFA competitions.
It was reported last year that the Glazer family were looking to complete a sale of the club in the first quarter of 2023, so a deal may be close.
Read more about: Premier League, Man Utd
