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"It's true.." - Romano confirms exciting Man Utd takeover news

"It's true.." - Romano confirms exciting Man Utd takeover news

Romano has confirmed some major Man Utd takeover news.

Fabrizio Romano has confirmed that Qatari investors have registered an interest in Manchester United.

In November United owners, the Glazers family shocked the football and financial world by announcing that they were seeking “strategic alternatives”, with a full sale of the club a potential outcome.

The Americans have allegedly set a mid-February deadline for takeover offers and are said to be hopeful of completing any sale by the end of March.

British billionaire Sir Jim Ratcliffe, who owns the petrochemical giant Ineos, is the only person to have publicly announced he has entered the bidding process for the Old Trafford club.

However, over the past few months, there have been reports of interest from European consortiums, American venture capitalists and oil-rich Middle Eastern backers.

Romano confirms Qatar's interest in Manchester United

Transfer guru Romano confirmed reports that there has been “concrete interest” in United from a Qatari group.

It has been widely reported that private investors linked with the Qatari royal family are considering making a bid for the Premier League giants.

On the matter, Romano told his YouTube channel: “We can confirm that there is concrete interest from a Qatari group. It’s true.

“They are exploring the conditions of a Manchester United deal with the Glazers family, of course, with intermediaries and legal people to take care of the process.

“But they are exploring the conditions of this potential deal.”

Furthermore, Sky Sports claimed that Qatari investors were contacted by investment bank the Raine Group to see if they were interested in buying United.

However, the publication stressed that though the Qatar group have registered an interest they will not overpay for the club.

The Glazers are said to be looking for a sale price of £6billion, which would be a world record fee for a sports team. However, the club are valued at £3.2billion on the New York Stock Exchange.

Featured Image Credit: Alamy

Topics: Football, Fabrizio Romano, Manchester United, Qatar, Premier League