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Likely date of Man Utd takeover revealed with Qatari investors hellbent on buying Premier League club


MANCHESTER UNITED could be under new ownership in the next SIX weeks.

Bids from both Sir Jim Ratcliffe and a group of Qatari investors are set to be made by the deadline at 10pm on Friday.

The Glazer could have sold Man United in six weeks’ timeCredit: AFP
Sir Jim Ratcliffe is expected to bid for the clubCredit: AFP or licensors

The Glazers are hoping for a full sale of United for around £6billion.

Raine, the New York investment bank, have been enlisted to deal with the sale of the club.

There are also expected to be offers from the USA and Saudi Arabia for the Old Trafford side.

And the bank is “confident” it can be completed quickly, according to The Times.

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The report suggests the deal can be done with haste due to the “financial structure” of the prospective owners.

The Glazers bought the club in 2005 and have been looking to cash in on the club since November.

Ratcliffe, a fan of the club, has been interested in buying the club ever since fans started to protest against the Glazers.

However, The Times report suggests that the OCG Nice owner faces a big challenge beating the Qataris to being the new owner of the club.

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This is because of the group’s “resources and a desire for their first Premier League acquisition to be United”.

The Qataris were also interested in buying Liverpool but have been unsuccessful and are now more determined to complete the acquisition of United.

While the Glazers are hoping for a price of £6bn, it has been suggested that a deal could happen for a price of £4.5bn.


Source: Soccer - thesun.co.uk


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