Is Qatar buying Manchester United?

The Qatar Investment Fund intends to spend 4.1 to 4.5 billion pounds to buy Manchester United. However, this number still does not meet the demands of American owners.

In recent days, the Qatar Investment Fund has begun negotiations to buy back Manchester United. In this transaction, American owners want to receive 6 billion pounds. However, according to sources from the Daily Mail, the Qatar side only intends to spend 4.1 to 4.5 billion pounds.

The above number is clearly below the expectations of the Glazer family quite a lot. The deadline for submitting bids in the sale of Manchester United is on 17/2. However, there is a possibility that the owners of the red devils may have to extend the time for investors.

In case the desired price is not received, the Glazers may retain a portion of the stock and become a minority shareholder.

Previously, American owners put Manchester United up for sale in November. After the World Cup, investors began to pay attention to this transaction. Manchester United commissioned Raine Bank to receive bids and assess investors.

When news of the Qatar Investment Fund’s intention to buy back Manchester United emerged, many people were concerned that the club would be co-owned with PSG. According to UEFA regulations, an organization will not be allowed to control two clubs in the same competition (PSG could face Manchester United in the European Cup in the future).

However, this concern was quickly dispelled. The Qatar investment group emphasized their “complete separation” from the Qatar Sports Investments (QSI) fund that currently controls PSG. The investment into Man Utd will come from a different personal fund.

This investment fund is confident that they will offer the highest bid to buy Man Utd. They even have plans to renovate the club. According to the plan, the fund will provide money for coach Ten Hag to bring in star players that can compete for the Premier League championship. In addition, they also want to redevelop Man Utd based on infrastructure investments around the club.

After being noticed by the Qatar tycoon, Man Utd’s stock rose from $21 to $24 (14%). This shows a positive reaction from the market.

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