Man utd takeover news

There have been several reports and rumors about a potential takeover of Manchester United Football Club in recent months. Here are some of the latest updates:

Qatar Investment Authority (QIA) interest:

• In October 2022, it was reported that the Qatar Investment Authority (QIA) was considering a bid to buy Manchester United.
• The QIA is a sovereign wealth fund that has invested in several high-profile sports teams, including Paris Saint-Germain and the New York Yankees.
• However, there has been no official confirmation from the QIA or Manchester United about the potential takeover.

Sir Jim Ratcliffe's bid:

• In November 2022, it was reported that Sir Jim Ratcliffe, the billionaire owner of Ineos, was preparing a bid to buy Manchester United.
• Ratcliffe is a lifelong Manchester United fan and has a strong connection to the club, having grown up in the city.
• However, there has been no official confirmation from Ratcliffe or Manchester United about the potential takeover.

Other interested parties:

• There have been reports of other interested parties, including the Glazer family's rival bidder, Sheikh Jassim bin Hamad Al Thani, who is the chairman of Qatar Islamic Bank.
• Other potential bidders include the Saudi Arabian Public Investment Fund (PIF) and the Abu Dhabi United Group, which owns Manchester City.

Glazer family's response:

• The Glazer family, who have owned Manchester United since 2005, have consistently denied any interest in selling the club.
• In a statement in November 2022, the Glazer family said: "The Glazer family and the executive leadership of Manchester United are committed to the long-term success of the club and are not considering any sale or takeover."

Takeover timeline:

• The takeover process is expected to take several months, with the Glazer family likely to receive multiple bids before making a decision.
• The English Premier League's owners' and directors' test (OADT) is a key part of the takeover process, which involves a thorough review of the bidder's financial and business credentials.

What's next:

• The takeover saga is likely to continue in the coming months, with multiple bidders vying for control of the club.
• Manchester United fans will be eagerly awaiting news on the potential takeover, with many hoping for a change in ownership that will bring stability and success to the club.

Please note that the takeover news is subject to change and may not be up-to-date. It's always best to check reputable sources for the latest information.