Qatari Royal Family is set to make a bid on Manchester United

Qatari Royal Family is set to bid for the English Giant, Manchester United. They are offering less amount than Glazer's fixed amount.
Image - The National
Image - The National

The statement went on to say that the Glazers were looking at different options, including a new investment or a complete sale. A recent report claimed that investors linked to the Qatari royal family are preparing to present a takeover bid. According to The Mirrors, the Qatar Investment Authority is only interested in a full takeover of the 20-time English champions.

Old Trafford
Image – Sports Illustrated

Qatari Royal Family is set to make a bid on Manchester United

The proposed offer will be submitted in time to meet the deadline of February 17 which has been set up by merchant bank the Raine Group, which is handling the sale. The report claims that the takeover bid is being backed by Sheikh Tamim bin Hamad Al-Thani, the Emir of Qatar.

There is uncertainty over how UEFA may react to the bid. Paris Saint-Germain is also 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, who own clubs such as RB Leipzig and Red Bull Salzburg, have demonstrated that it is still possible to abide by the regulations.

In a separate report, the Daily Mail claims that Qatar could stay within the rules by setting up different leadership teams and corporate structures for PSG and Man United. The Qatari-backed bid will face competition, though, with four serious offers expected to be put forward in the next week.

INEOS owner Sir Jim Ratcliffe, who owns Ligue 1 side Nice and Swiss outfit FC Lausanne-Sport, is likely to be among the bidders. Ratcliffe is a Man United supporter, and he has previously expressed an interest in buying the Red Devils. The Glazer family is looking to receive an offer in the region of £5bn ($6.6bn), although there is a suggestion that a £4.5bn ($5.5bn) bid could be accepted.

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

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