Manchester United takeover: Qatar bid ‘will not dance to the Glazers’ tune’ over £5bn asking price

The Glazers need as a minimum £5bn for guy Utd, however Qatar determined now not to overpay; one insider says “they may not dance to the Glazers’ tune if they determine to bid”; the Qataris are ready to spend large sums to restore the team and the membership‘s infrastructure to its former glories.
A Qatari bid for Manchester United, which is ready to be made via Friday, would result in good sized investment being made within the group, antique Trafford and the town of Manchester.

No final choice has been made however a bid is probable and plans have already been made about how the club would be transformed underneath Qatari ownership.

old Trafford and United’s Carrington schooling floor need to be redeveloped and the Qataris are ready to spend sizable sums in restoring the crew and the club‘s infrastructure to its former glories.

despite the fact that the Glazer family want as a minimum £5bn for United, Qatar is determined no longer to overpay.

One insider says “they will not dance to the Glazers song if they decide to bid”.

The Qatari bid could have the blessing of the Emir of Qatar Sheikh Tamim bin Hamad al-Thani, who is a Manchester United supporter.

The Emir become in Rome this morning and contingency plans were made if he makes a decision to fly to France to look at Paris Saint-Germain play Bayern Munich within the Champions League on Tuesday night.

Qatar and the possibly bid from Saudi Arabia are anticipated to be the only ones which might now not depend on borrowed cash to finance the deal.

one of the international‘s richest guys Elon Musk has so far stayed silent on reports that he’s considering creating a bid. Musk is a United supporter and has joked within the beyond on Twitter – the social media platform he now owns – approximately shopping for the membership.

The handiest bidder who has declared his interest in United is petrochemicals billionaire Sir Jim Ratcliffe. he’s operating on a cope with US funding banks Goldman Sachs and JP Morgan.

If Qatar were to buy United, they would additionally remain devoted to Paris Saint-Germain, that’s owned by using Qatar sports Investments, a subsidiary of Qatar’s sovereign wealth fund the Qatar Investments Authority.

to fulfill UEFA guidelines approximately multi-club possession, Manchester United could be owned via traders or funds connected to the Qatari royal circle of relatives.

QSI sold a 70 in keeping with cent stake in PSG inside the summer time of 2011. They offered the relaxation of the stocks in PSG the following summer time in a deal which valued the club at €100m. They spent €80m on gamers in the summer season of 2011. in keeping with Forbes mag, PSG are actually really worth £2.6bn.

QSI’s plans at PSG were pissed off by way of the fact their home ground the Parc des Princes, which they need to redevelop, is owned by way of the metropolis of Paris. A Qatari bid for United might suggest they might own antique Trafford and will redevelop it working carefully with the nearby council and supporters.

Qatar is determined to shop for or personal a stake in a most reliable League membership this 12 months to construct on what they see because the achievement of the sector Cup.

even though they are pleased with what they’ve performed with PSG, the sales of the premiere League are 3 instances the scale of Ligue 1 and the global profile of English soccer is an awful lot higher than French football.