• Sports - Football - Gossips
  • Updated: February 08, 2023

Qatari Group Set To Take Over Manchester United β€” Reports

Qatari Group Set To Take Over Manchester United β€” Reports

Manchester United

A group of wealthy individuals from Qatar are reportedly planning to make a bid to acquire the English Premier League club, Manchester United, according to reports.

The report describes the investors as private individuals from Qatar, the host country of the 2022 World Cup.

The move follows INEOS, a company owned by Jim Ratcliffe, entering the bidding process to buy Manchester United last month.

The Glazer family, the current owners of the club, stated in November that they were looking at options for new investment or a potential sale.

Meanwhile, there have been rumours that Qatar Sports Investments (QSI), which owns Paris Saint-Germain, is considering either a total takeover or a stake in either Manchester United or their rivals Liverpool.

Fans of Manchester United have been calling for a change of ownership, and the Glazers have faced criticism as the team has not won any silverware since 2017 when they lifted the Europa League and League Cup trophies.

In April, thousands of fans protested outside Old Trafford, calling for the Glazers to "get out of the club".

The net debt of the club, which is another point of concern for the fans, had risen to £515 million ($620.42 million) by September.

Manchester United is currently managed by Erik ten Hag and is in third place in the league with 42 points after 21 games.

The team is three points behind Manchester City and eight points behind the leaders, Arsenal, who have played one game less.

Manchester United have not released any statement about this report as of the time of publishing.

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