Manchester United The prestige English club is up for sale

Manchester United: The prestige English club is up for sale, making the rich salivate

If Manchester City is Emirati, neighbors Manchester United could well become Qatar.

• Also read: The fall of the giant: Manchester City in the middle of the financial scandal

The Glazer family who own the mythical club are looking for new investors and we should probably look on the Persian Gulf side.

Should the Qatari bid go through, there is talk of major investments at Old Trafford stadium and elsewhere in the city of Manchester.

Nothing has been signed yet but talk is already underway about the changes the club would undergo under Qatar’s aegis.

Old Trafford needs a facelift and Carrington Training Center needs a facelift too. And the good news: desert investors are willing to spend big on infrastructure to restore Man U’s image.

The files had to be filed by 10 p.m. last night.

When it comes to investments from Qatar, we are talking about Emir Sheikh Tamim bin Hamad Al Thani, who also owns Paris Saint-Germain through Qatar Sports Investments (QSI).

The Glazer family, which began investing in Manchester United in 2003, expects to hit the jackpot with the sale.

large sum

Sky News says there is a minimum sum of £5bn ($8.1bn CA) that QSI is unwilling to pay. The club is valued at £2.9 billion (CAD$4.7 billion) by the New York Stock Exchange.

However, the Emir is a Manchester United supporter so nothing is impossible, especially since he has the means to live up to his ambitions.

This offer and another that could come from Saudi Arabia would be the only two that would not rely on credit, which is not negligible.

There are other interested parties in the ranks. In particular, there was talk of Elon Musk, who has already made fun of a takeover of Man U on Twitter, of which he is a supporter.

Multiple offers

British billionaire Sir Jim Ratcliffe, who made his fortune in the petrochemical industry, is also in the running. He is preparing a financing agreement with the help of the American investment companies Goldman Sachs and JPMorgan. Overall, we are talking about three or four offers that had to be submitted on time.

If Qatar won, the QSI group would not own Manchester United. Since UEFA has a multiple ownership policy, ownership would go to investors or investment funds associated with the royal family.

Qatar bought 70% of PSG shares through QSI in 2011 before buying the remaining 30% the following year. Approximately EUR 100 million (CA$143.2 million) was invested in the two transactions. The club is now valued at €2.95 billion (CA$4.2 billion).

success and dissatisfaction

QSI sees a lot for PSG and wants to redevelop the Parc des Princes sector owned by the City of Paris. The negotiations between the two parties are not easy.

With Old Trafford, the Qataris would own their stadium and surrounding land and would be able to ensure its development alongside local elected officials and supporters.

It’s not the first time Qatari investors have been linked with an English club. Your interest in the Premier League is not new. They want to build on the successes of the recent World Cup, which were presented at home.

It should also be noted that even if they are doing well in Ligue 1 with PSG, the Premier League income is three times higher than what we see in France.



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