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Manchester United owners Glazers hold Middle East investor talks in Qatar amid potential sale of Premier League club

Home> Football

Published 14:21 18 Dec 2022 GMT

Manchester United owners Glazers hold Middle East investor talks in Qatar amid potential sale of Premier League club

The Glazers have reportedly been in talks with potential investors from the Middle East in Qatar, as they weigh up the future of the club.

George Priestman

George Priestman

Manchester United could be set for investment from the Middle East, following the news that talks were held by the Glazers in Qatar.

The infamous United owners revealed potential plans to sell the club, after 17 years in charge.

Over the course of their ownership there has been a decline on and off the pitch, that has seen fan protests and calls for them to sell the club for a long time.

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Therefore, fans should be excited about the prospect of new ownership coming into the club, which is looking more and more like a reality, with investors from the Middle East an emerging option.

We've seen Middle East ownership become more prevalent in Europe, with Manchester City, Paris Saint-Germain, Aston Villa and Newcastle United prime examples of successful takeovers.

The Athletic have reported that Glazer has spoken to potential investors from Saudi Arabia and Qatar after they announced their intention to "explore strategic alternatives including new investment into the club, a sale, or other transactions" in November.

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In addition, the process would "include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club's commercial operations on a global scale" to enhance "the long-term success of the club's men's, women's and academy teams, and bringing benefits to fans and other stakeholders".

In their most recent update, Glazer said that the sale process is 'moving forward' as he spoke following France's 2-0 win over Morocco on Wednesday: "It’s not necessarily a sale, it’s a process and we’re going forward with the process, so we’ll see what happens.

Manchester United could be sold after the Glazer family hinted that its controversial reign might be coming close to an end.
Alamy

"That’s the update, it’s the process and the process is proceeding."

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Alongside Qatari interest, there have been rumours of Sir Jim Ratcliffe, Michael Knighton, New York Investors and even Elon Musk who have been linked with a potential move.

The Glazers bought full control of Man Utd for £790million ($1.34billion) in 2005.

It was a deal that shrouded in controversy, having been predominantly financed through loans secured against the club's assets.

Latest reports claim that the club would sell for anywhere between £6billion and £7billion, according to the Athletic.

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United boss Erik ten Hag also weighed in on the situation, and was feeling positive about the potential takeover.

"[Chief executive Richard Arnold] said [the owners] are open and transparent. We spoke about the culture we want. We spoke about objectives, goals and the culture, and he confirmed it won't change, that it will be even better because more money will become available for this project."

Featured Image Credit: Alamy

Topics: Football, Manchester United, England, Premier League

George Priestman
George Priestman

Huge Football, Boxing and Film fan. Also, a Chelsea fan living in the North West. Looking to break into the world of sports media by any means necessary!

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@gpriestman1998

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