After an initial offer deemed insufficient, Qatar is determined to buy Manchester United and is now ready to offer 5 billion euros.
Who will succeed in taking control of Manchester United ? The suspense remains total! Qatar and Ineos have not satisfied all members of the Glazer family who own the Red Devils, with offers amounting to more than 4 billion euros. The American brothers and sisters have already fixed the sale of the club at 6 billion and have therefore decided not to sell anymore. Holy bluff!
In any case, Qatar is now ready to increase its offer, which, according to RMC on Monday, could now amount to 5 billion euros. Doha would like to keep Erik ten Hag on the Mancunian bench and offer him a hell of a transfer envelope. The sale process could be long and Ineos is still in the race, as the French media specifies.
A foundation rather than the sovereign wealth fund
After the PSG, a club that he has wanted to leave in self-management for several years, the small gas state therefore dreams of managing Manchester United, one of the most popular clubs in the world and which, unlike the Parisian club, earns money every season. The takeover would take place via the Nine Two foundation, headed by Jassim Bin Hamad Al Thani (44), one of the Emir’s cousins.
Qatar is obliged to use a structure other than QSI or QIA (Qatar Sports Investments being the sport branch of the sovereign fund, the Qatar Investment Authority), UEFA prohibiting clubs belonging to the same person or to the same structure from take part in European competitions. However, in Qatar, all decisions are validated by the Emir Tamim.
