According to reports from the Daily Mail, Qatar Investment Authority is preparing a massive bid to purchase Premier League club Manchester United.
The investors behind the offer are reportedly “high-wealth individuals” from Qatar, which hosted the 2022 World Cup.
Last month saw Jim Ratcliffe’s company INEOS officially enter the bidding process for United following an announcement from its U.S. owners, the Glazer family in November that they were reviewing all options including new investment or potential sale.
There are also rumors that Paris St Germain’s owner Qatar Sports Investments may look into buying either Manchester United or their rivals Liverpool.
As of now, there has been no response from Manchester United and their net debt stands at 515 million pounds due to protests by fans calling for a change of ownership since 2017 when they won silverware with both the Europa League and League Cup trophies.
Currently, under coach Erik ten Hag, they hold third place with 42 points after 21 games, three points behind Manchester City but eight adrift of leaders Arsenal who have yet to have one game played.
This article was updated 1 month ago