Breaking News

Man Utd talks held with Saudi & Qatari investors amid reports of possible £6 billion takeover

 Manchester United co-owner Avram Glazer has reportedly held talks with Middle Eastern investors from Saudi Arabia and Qatar.

The Glazer family has announced that they will “explore strategic alternatives” at Old Trafford, having come in for plenty of criticism during their tenure, with “new investment into the club, a sale or other transactions” being considered. The Raine Group has been appointed to act as United’s exclusive financial advisor and there have been suggestions that a deal of between £6-7 billion ($7-8bn) would be enough to see a takeover of Premier League giants pushed through.

The Athletic reports that discussions have taken place between Avram Glazer and potentially interested parties during his 2022 World Cup visit to Doha – although the American does have other business interests in the region and there has been no official comment on whether statements of intent have been made.

Glazer recently said when asked about the takeover talk raging around United: “It’s not necessarily a sale, it’s a process and we’re going forward with the process, so we’ll see what happens. That’s the update, it’s the process and the process is proceeding.”

No comments