In November, the American Glazer family made the announcement that they were open to either a sale or an investment after completing their acquisition of the English champions 20 times in 2005.
According to reports, Manchester United has begun discussions with investors from Qatar ahead of a deadline for bids as interest grows in the Premier League giants’ upcoming ownership.
In November, the American Glazer family made the announcement that they were open to either a sale or an investment. After completing their acquisition of the English champions 20 times in 2005.
Last month, British billionaire Jim Ratcliffe’s Ineos company became the only bidder to publicly declare an interest in purchasing the club.
It is understood that prospective buyers have until February 17 to make offers. According to the Daily Mail, a group of Qatari private investors want to buy Manchester United and have held talks with the club’s leadership, confident that their offer will be the strongest.
Just a few weeks after Qatar hosted the World Cup. The Guardian reported that Sheikh Tamim bin Hamad Al-Thani, the country’s ruler, was interested in purchasing United.
However, the emir bought French champions Paris Saint-Germain in 2011 through Qatar Sports Investments (QSI), so UEFA currently prohibits a full buyout of United.
The Press Association of Britain reported that QSI was considering purchasing a minority stake in either Manchester United or another Premier League club.
The organization is a subsidiary of the Qatar Investment Authority (QIA). The nation’s sovereign wealth fund with hundreds of billions of dollars worth of assets.
Mansoor Al-Mahmoud, the CIA’s chief executive, told Bloomberg last month. There are clubs where sovereign wealth funds are investing, so you won’t be surprised if we do so.
However, we go through a very fundamental process to make sure that our investments are very commercially driven for our future generations.
According to Amnesty International, the Premier League’s ownership rules should be “waked up” by Qatar’s interest in United.
According to Peter Frankental, director of economic affairs for Amnesty UK. “Coming in the wake of the World Cup and strenuous efforts from the Qatari government to fashion a glitzy new image for the country.
It seems highly likely that any Qatari bid for Manchester United. Would be a continuation of this state-backed sports washing project.”
He continued: “We do not necessarily oppose state-linked international financial consortia investing in English football; nevertheless.
The Premier League must immediately enhance ownership laws to guarantee. That they are human rights compatible and do not open the door for more sports washing.
United was burdened with significant debt by the unpopular Glazers. They further enraged fans by supporting the failed European Super League project in 2021.
Since 2013, the club hasn’t won the Premier League, and they haven’t won anything since 2017. Since Erik ten Hag took over before the start of the current season. United’s form has improved, and they are currently third in the Premier League.