QATARI INVESTORS TO BID FOR MANCHESTER UNITED IN COMING DAYS – Qatar Sports Investments will reportedly bid around £6billion
Qatari investors are preparing to make a bid to buy Premier League club Manchester United in the coming days, English newspapers have reportedl.
The report added that the consortium will submit an initial bid for the club by the end of the week, and that officials from Qatar Sports Investments (QSI) are helping with preparations for the bid. All bids must be made before February 17 with the club’s U.S. Owners, the Glazer family, seeking around £6billion.
Jim Ratcliffe’s company INEOS formally entered the bidding process to buy United last month after the club’s U.S. owners, the Glazer family, said in November they had begun looking at options including new investment or a potential sale.
Earlier this month, British newspapers reported that Qatari investors are planning to make a huge bid to buy Premier League club Manchester United. The report stated the interested investors are separate from QSI, which owns French side Paris St Germain, and that the money will come from an “individual fund” rather than a sovereign wealth fund.
There are also media reports suggesting the CEO of Tesla, Elon Musk is considering a bid to buy the club.