Qatari investors are preparing a spectacular mega-cash takeover of Manchester United and want to provide Erik ten Hag with the resources he needs to take the team back to the top. A group of high-net-worth individuals based in the oil-rich state have reportedly set their sights on a team they consider to be “football’s crown jewels” as a result of Qatar’s World Cup hosting. Prior to the deadline set by the Glazers in mid-February, they will submit an offer for United, and they are confident that it will outbid all other offers.
The club’s owners are requesting more than £6 billion for it, and redeveloping Old Trafford could cost another sizable sum, or it could be demolished and replaced with a brand-new cutting-edge stadium. The Qatari group would not have any issues with the project’s potential cost of more than £2 billion. Their bid places a strong emphasis on fan engagement, and they may ask fans what they think should happen to the stadium in the future.
Manchester United awaits a potential takeover
The fact that Qatar Sports Investments owns Paris Saint-Germain is one potential obstacle. One organisation cannot own two teams in the same league, and United and PSG might cross paths in Europe.
Separate, individual Qatari investors would make the offer for United. Only a full takeover is being discussed; there is no interest in acquiring a small stake. The group is looking for a new project to use the knowledge they gained from hosting the World Cup, according to insiders. Giving Ten Hag a transfer war chest would enable him to compete for recruits with the richest clubs in the world. Read More: The Premier League has alleged financial violations against Manchester City
If the bid is accepted, the two Manchester clubs would be on opposing sides of the Qatar-Abu Dhabi rivalry. Newcastle owned by Saudi Arabia would play against United owned by Qatar. The neighbours in the Gulf are bitter rivals. Due to concerns about the nation’s human rights record, the takeover would require Premier League approval and might encounter opposition in some circles.
Sheik Tamim bin Hamad Al Thani, the Emir of Qatar and head of its absolute monarchy, is a devoted United supporter who is well-versed in the club’s heritage. The Al Thani family reportedly had a bid for United that was worth more than £1 billion rejected by the Glazers in 2011.
Qatari owners to face takeover competition
Jim Ratcliffe, the richest man in Britain, represents a significant threat to the Qataris. The owner of Ineos and a lifelong United supporter was the first to publicly announce his intention to purchase the club, though other parties are likely to make offers as well. Although no deadline has been set for completion, the Qataris are anxious for the procedure to wrap up quickly.
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