February 17 – Investors from Saudi Arabia have submitted a bid for Manchester United ahead of today’s “soft” deadline according to The Daily Telegraph newspaper.
British billionaire Jim Ratcliffe, a life-long supporter of the club and founder of chemicals firm INEOS, is also a likely bidder, along with US private equity firms, other reports suggest.
Bloomberg, meanwhile, says a Qatari consortium including Hamad bin Jassim bin Jaber Al Thani, the country’s former prime minister and ex-head of the Qatar Investment Authority, is putting the final touches on a proposal to acquire the club.
Today is a significant landmark on the road to the Glazer family selling United and ending their controversial 18-year involvement in the club.
A deal for the record 13-times English title winners will likely exceed the $5.2 billion recently paid for Chelsea.
Contact the writer of this story at moc.l1738357007labto1738357007ofdlr1738357007owedi1738357007sni@w1738357007ahsra1738357007w.wer1738357007dna1738357007