The bidding war to buy Manchester United is beginning to take shape ahead of Friday’s ‘soft deadline’ with the Qatari royals reportedly planning to make an offer worth £5billion. The Glazers announced back in November that they had engage with global banks to begin the process of looking for a potential full sale or partial investment.
They had set an asking price reportedly at £5bn with British billionaire Sir Jim Ratcliffe the only one to come out publically to express an interest. But others had supposedly made their interest known privately with investors from the US and the Middle East monitoring the situation.
In a move to push for bids to come in, the Glazer family had indicated that a ‘soft deadline’ of February 17 was made to those interested in making a bid. The past week saw multiple reports indicate a bid from Qatar was forthcoming and Sky News now claim that the Qatari royal family are planning an offer.
It comes just hours after news that private investors from Saudi Arabia had also shown their intentions to lodge a bid before Friday. An outright sale is now said to be the most likely outcome with multiple investors showing huge interest in buying United.
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