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Manchester United will soon be the subject of a bid from Qatar.
News broke last week that Qatar, led by Sheikh Tamim bin Hamad Al-Thani, is interested in taking over control of Old Trafford.
Since then, reports have continued to confirm interest from Qatar.
There has been speculation about how a Qatari investor could take over United given their ownership of French club Paris Saint-Germain.
The Peoples Person reported that UEFA is likely to give Qatar the go-ahead given they can provide evidence that United and PSG will operate independently in separate structures.
Qatar expects a competitive bid from a Saudi-backed consortium.
According to Bloomberg, Qatar is poised to ramp up its pursuit of the Red Devils, with a formal proposal expected before the Glazers’ soft deadline on Friday.
“A Qatari consortium interested in buying Manchester United is preparing to submit its first bid by the end of the week,” Bloomberg said.
“Sovereign Wealth Fund Qatar Investment Authority officials are helping prepare a bid for Manchester United, along with the local family office, sources said.”
Bloomberg reports that it is not yet known how the conflict created by QSI’s ownership of PSG will be resolved.
“There is still no final decision as to which Qatari company will finance Manchester United’s bid.”
Sky Sports reports that a Qatari investor was contacted last year to gauge interest in buying United.
Qatari investors were contacted late last year to see if they were interested in buying #mufc. [@SkyKaveh]
— UtdDistrict (@UtdDistrict) February 13, 2023
Qatari investors want United but have vowed not to overpay, according to Sky.
The Glazer family wants at least £5 billion for #mufc. It is unclear whether Qatari investors would reach out that far. They want to buy United, but they won’t overpay for the club. [@SkyKaveh]
— UtdDistrict (@UtdDistrict) February 13, 2023
It will be interesting to see if they live up to the Glazer family’s asking price for United.