Premier League clubs ready to protest Qatar ownership of Manchester United
Sheikh Jassim bin Hamad Al Thani is preparing an increased offer for the takeover of Manchester United.
After sending his delegation to meet with the United hierarchy at Old Trafford last week, the Qatar-based investor is readying a revised bid in the coming days, according to the Independent.
The report confirms that INEOS do have the money to challenge Jassim’s bid, but both parties are unwilling to overpay.
Despite rumours of one of the investors fully taking over United, Miguel Delaney has confirmed that such a thing is something that cannot be handled by Raine Group, who are overseeing the bidding process. Those wanting full shares would need to “go through individual shareholders and through the Singaporean stock exchange, in a process that could take months”.
Premier League clubs will resist Qatari takeover
It’s also expected that should a Qatar-backed United come close to reality, clubs in the Premier League would try and intervene. There would be “significant resistance” due to how “financially uncatchable” the Reds would become, especially given Manchester City’s dominance since their takeover was completed.
One thing for sure is that whether it’s via a sale or minority investment, the Glazers are aware that money is needed to heavily refurbish Old Trafford and Carrington training ground.
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