Man Utd are reportedly ‘set’ to receive a ‘massive offer’ from Qatari investors, who are ‘confident’ that they will be able to ‘blow rivals away’.
The Red Devils have been up for sale since the end of November. The Glazer family confirmed at the time that they will “evaluate all options”.
“The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers,” the statement from the Glazers read.
“As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives.
“We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future.
“Throughout this process, we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
Recent reports have indicated that Man Utd’s hierarchy are confident that a takeover can be completed before the end of the 2022/23 campaign.
This now looks likely, if The Daily Mail are to be believed. They revealed on Tuesday night that ‘Qatari investors are planning an incredible mega-money swoop for Manchester United and want to give manager Erik ten Hag the financial backing to lead the club back to the top’.
It is said that this offer will be coming from ‘a group of private, high-wealth individuals based in the oil-rich state, buoyed by Qatar’s hosting of the World Cup’. They reportedly view Man Utd as one of ‘football’s crown jewels’.
An offer will be submitted ‘in the coming days’ and the report adds that they are confident that rivals will be ‘blown out of the water’.
It has previously been reported that the Glazer’s asking price is £6bn, but is suspected that redeveloping Old Trafford could cost an additional £2bn. This is not deterring the Qatari investors though as this ‘would not be problem’.
A ‘stumbling block is Qatar Sports Investments’ ownership of Paris Saint-Germain’ as one entity cannot own two teams that compete in the same competition. But this bid for Man Utd is said to be coming from ‘separate, individual Qatari investors’.
As part of this proposed takeover, Ten Hag would be afforded a ‘huge transfer kitty’. Sources close to The Daily Mail also state.
‘There are significant funds available. These people are serious. They want to make sure that United are where they should be and they are confident theirs will be the strongest bid.
‘They want to strengthen the squad to put them back at the top but they also want this to be for the good of the community.
‘They also want to build on the success of the World Cup. They recognise that Manchester United is the biggest football club in the world, the crown jewels, and there is a steely-minded determination to buy it and get it to where it should be.’