Manchester United: Takeover update on Qatari investors
Qatari investors looking to complete a takeover at Manchester United are growing in confidence over a deal, according to Football Insider.
The Lowdown: Takeover plans
Reports last month suggested that Qatari investors were planning a mega-money swoop at Old Trafford and had big plans.
The Qatari group wanted ‘things done quickly’ so they could help Erik ten Hag with transfer funds heading into the summer, with stadium redevelopment and fan engagement also at the heart of their bid.
The Latest: Positive update
Adam Williams, FI’s finance and governance correspondent, shared a story in the last 48 hours regarding Qatari investors.
The title of the story claimed that the Qatari investors are in pole position to buy Manchester United, adding that they ‘are growing in confidence as fewer bidders than expected have met the Glazer family’s deadline for offers’.
The Verdict: Record-breaking?
The Glazers value the club at around £6billion, which could see United become the most expensive sports team ever ahead of the Denver Broncos.
However, none of the bids received have matched their valuation yet, so a takeover could need some work despite this positive feeling involving Qatari investors.
Reports elsewhere suggest that a takeover is more likely to happen in May, so it looks as if speculation may continue over the coming months, but Ten Hag will have all of his focus on playing matters, with the Red Devils still in three more competitions after winning the Carabao Cup.