Football: Man United 'in talks' with Qatari investors over sale

Potential buyers are understood to have until Feb 17 to table offers to the Glazer family. PHOTO: REUTERS

LONDON – Manchester United have reportedly opened talks with Qatari investors ahead of the Feb 17 deadline for bids.

The American Glazer family, who completed their takeover of the 20-time English champions in 2005, announced in November that they were open to a sale or investment.

British billionaire Jim Ratcliffe’s Ineos company officially joined the race to buy the club last month – the only bidder to publicly declare an interest.

There are also claims of possible bids from countries such as China and Singapore in addition to the Middle East, according to The Times of London.

The Daily Mail said a group of private investors from Qatar have had talks with the club’s hierarchy, confident that theirs would be the strongest bid.

The Guardian reported that Qatar’s ruler, Sheikh Tamim Bin Hamad Al-Thani, was interested in buying United, just weeks after the energy-rich Gulf state hosted the World Cup.

But the emir bought French champions Paris Saint-Germain in 2011 through Qatar Sports Investments (QSI) – meaning a full buyout of United would not be permitted under Uefa regulations.

Britain’s Press Association said QSI was considering the purchase of a minority stake in United or another Premier League club. It is a subsidiary of the Qatar Investment Authority (QIA), the country’s sovereign wealth fund, which has assets worth hundreds of billions of dollars.

The chief executive of the QIA, Mansoor Al-Mahmoud, told Bloomberg last month: “Sovereign wealth funds are becoming investors in some of the clubs and you will not be surprised if we invest in this (area).

“But again, we go into a very fundamental process and making sure if we invest this is very commercially driven for our future generations.”

Amnesty International said Qatari interest in United should act as a “wake-up call” to the Premier League over its ownership rules.

“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 sportswashing project,” said Peter Frankental, Amnesty UK’s economic affairs director.

“We’re not necessarily opposed to the involvement of state-linked overseas financial consortia in English football, but the Premier League must urgently strengthen ownership rules to ensure they’re human rights-compliant and not an opportunity for more sportswashing.”

The unpopular Glazers saddled United with huge debts and further angered fans by backing the failed European Super League project in 2021.

The club have not won the Premier League since 2013 and have failed to win any silverware since 2017. AFP

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