Qatar planning a takeover bid for Manchester United soon

Qatar Emir placed the club's valuation below the $6.39 bn asking price
Qatar planning a takeover bid for Manchester United soon
Qatar interested in buying Manchester United

Sheikh Tamim bin Hamad al-Thani, the Emir of Qatar, is considering purchasing Manchester United. According to the Guardian, Sheikh Tamim placed the club’s valuation below the Glazer family’s 6 billion euros ($6.39 billion) asking price, and it is acknowledged that because the country’s monarch already owns Paris Saint-Germain (PSG), the Union of European Football Associations (UEFA) may need to agree to a rule modification.

Read more: Manchester United takeover: Interested parties from Qatar, Saudi

PSG was acquired by the Emir through Qatar Sports Investment in 2011. The Qatar-owned United and the Qatar-owned PSG would not be permitted to engage in a Champions League matchup should such a matchup occur under the current UEFA rules, which prohibit clubs with the same owners from facing each other in one of its championships.

While the possibility of buying United is being explored, it is understood that those behind Qatar’s interest are aware of the UEFA regulations and are working to find a workaround. This can entail attempting to encourage UEFA to think about modifying or revising its rules.

According to reports, Manchester United owner Avram Glazer met with potential investors from Saudi Arabia and Qatar in Doha in December 2022. The Red Devils are currently for sale, with their mega-rich American governors eager to sell after 17 years of rule.

According to a January Bloomberg report, a Qatari fund may be interested in acquiring the London-based football club Tottenham Hotspur. The UK newspaper Express revealed that Tottenham chairman Daniel Levy is said to have slapped a $1.66 billion price tag on the club.

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