Qatari investors are preparing to make a bid to buy Premier League club Manchester United in the coming days, Bloomberg reported on Monday, citing sources ...
Plenty of Man United fans have been calling for new ownership for years, but the Glazers have still to clarify if they are seeking a complete sale.
Jim Ratcliffe also owns Ligue 1 club [Nice](/football/team?id=2502) and Swiss team FC Lausanne-Sport, so if he was successful in buying United, he would face the same dual-ownership issues that Qatar and Saudi Arabia would have to address. [RB Leipzig](/football/team?id=11420) to compete in the Champions League alongside RB Salzburg (known as [FC Salzburg](/football/team?id=2790) in European competition), despite both clubs both being owned by the Red Bull Group. In the 2022 Sunday Times Rich List, the 70-year-old was reported to have a personal fortune of £6.07bn ($7.3bn). This time around, sources have said that the Glazers were keen for the process to be managed confidentially, so it remains unclear as to who is involved and who has registered an interest ahead of Friday's deadline. Manager Erik ten Hag's success in transforming United's fortunes on the pitch this season is a major positive for new owners, but the team still requires substantial investment to make it competitive for Premier League and Champions League titles, so it is clear that huge funds will be needed to address all the issues at Old Trafford. Meanwhile, the costs of modernising Old Trafford or potentially building a new stadium range from £200m to beyond £1bn ($1.2bn) if they choose to go down the route taken by Sources have told ESPN that Joel is keen to retain his interest in United and take the club forward alongside a new partner, with Avram also prepared to the remain with his brother. In short, any new owner will have to throw more than £800 million ($963 m) into a financial black hole before they even start investing in the club. As the biggest club in the world's most high-profile domestic league, United have a scarcity value that has led to some reports suggesting the club could be worth as much $10bn on the open market. This is potentially a once-in-a-lifetime opportunity to buy one of the most recognisable names in world sport, so an eventual sale price between £5-6bn ($6-7.2bn) should not be ruled out. In real terms, at close of business on the New York Stock Exchange (NYSE) on Feb. Having bought the club to become sole owners in May 2005, the Glazer family now own 69% of United due to some of the siblings diluting their shareholding in recent years.
Qatari investors linked to the countrys royal family expected to make formal bid to buy Manchester United; Glazer family announced in November they are open ...
A winning Manchester United is difficult to stop - we've seen that in the past. The priority has to always be football performance and then you talk about fan experience. The second thing is that the club needs to be now in good hands and with someone who has feelings for the club. Manchester United need a debt-free football club with someone who is willing to put money into it. "Sir Jim Ratcliffe was born in Manchester and knows the area. United owners the Glazer family are believed to be looking for a sale price of at least £5b.
The club's owners, the Glazer family, announced last November they were exploring the possibility of a sale, with American merchant bankers Raine overseeing ...
"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." "At the same time digitalisation is becoming very important for this, so the business model of these institutions are becoming very commercialised and very investment-friendly. The chief executive of the QIA, Mansoor Al Mahmoud, told Bloomberg in January: "Football, the clubs and the sport is becoming very commercialised in a way, especially now fans are looking into this as an experience, so they would like to go and experience and entertain themselves.
Football fans—or soccer fans, depending on where you live—have been watching the potential sale of Manchester United (NYSE:MANU) closely.
That uncertainty is keeping some potential buyers out of the pool. The latest bid from Qatar is part of a coalition effort. Manchester United was up slightly in Monday afternoon’s trading, though it did better earlier in the day.
David Beckham has emerged as a PR pawn in the billion-dollar battle for ownership of Manchester United as the 'soft' deadline to submit a bid looms.
The Telegraph claims the bidders are prepared for what’s being described as a PR war and the former United star and England captain is seen as an ideal candidate for a public face. David Beckham has emerged as a PR pawn in the billion-dollar battle for ownership of Manchester United as the ‘soft’ deadline to submit a bid looms. Despite the different backgrounds of all reported bidders, they are united by one thing: securing Beckham to be a public backer for their bids. [The Telegraph ](https://www.telegraph.co.uk/football/2023/02/13/david-beckham-approached-front-manchester-united-takeover-bids/) [also reports ](https://www.telegraph.co.uk/football/2023/02/13/david-beckham-approached-front-manchester-united-takeover-bids/)American consortiums and Middle East investors are also in the mix, with at least four groups emerging as serious contenders. The Glazer family, who currently own the Red Devils, have set a deadline of Friday for interested parties to officially submit bids to take the club off their hands. Beckham emerges as pawn in billion-dollar battle for United ownership
The Qatari consortium is preparing to submit an initial bid for the English Premier League football club by the end of the week, the people said. Officials at ...
When United Review caught up with Mick Groves, the original singer of The Flowers of Manchester, he could hardly be further from his birthplace of Salford.
And I’ll be in mind of it this year, obviously, even though I’m here in the middle of the Pacific.” I could see the crowd reacting to it and clapping, but the greatest pleasure was the ability to do it. “The song has always meant so much to me, being a fan since 1946. He patted me on the head and said: ‘That’s a canny wee song, son.’ I was taken aside by Matt into the boardroom of Tranmere [Rovers], while everyone was having their drinks elsewhere, and I sang him the song. “When United eventually got back to Old Trafford in ’49, I started going to see them there.