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Qatar will reportedly submit a bid worth £5 billion for Manchester United.
According to Bloomberg, the Qatar Royals are about to submit an offer before the February 17 deadline set by the Glazers.
“A consortium including Hamad bin Jassim bin Jaber Al Thani, the country’s former prime minister and former head of the Qatar Investment Authority, is putting the finishing touches on a proposal to acquire Man United from the Glazers.”
The Daily Mail claims that the Qataris are confident of closing the deal.
United could have new owners by the end of next month.
“A group from the Gulf nation will make an offer that they think will be the strongest.”
“It can now be revealed that its offer will be made on the Friday before the 10pm ‘soft deadline’ for interested parties to submit their offer.”
“While the aim is to ensure the process is completed before the summer transfer window, it is understood that based on the interest shown, United could have new ownership by the end of next month.”
If this is true, United could get a big boost in their summer transfer plans, as the new owners will be determined to back Ten Hag in his first window in charge.
The Qataris are expected to face opposition from four other groups, with interest coming from the US, Asia and Britain’s richest man, Sir Jim Ratcliffe.
The report goes on to say:
“Groups from Saudi Arabia have been given access to the data room, allowing them to take a close look at United’s financials after signing a confidentiality agreement.”
“It remains to be seen if those groups, separate from the owners of Newcastle United, will make their move.”
