Football

£1.6bn United takeover on the cards - reports

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The Emir of Qatar is reportedly ready to reignite his interest in buying Manchester United from the Glazer family.

It had been claimed in February that the Emir - Sheikh Hamad bin Khalifa Al Thani - was to make an imminent approach to purchase the club for £1.6 million, but this failed to come to fruition.

However, Canal+ suggests that Sheikh Hamad is in London and is ready to discuss the potential acquisition of United from the current owners.

The Glazers have today shelved plans to float United on the Singapore Stock Exchange, reports Manchester Evening News, which has fuelled speculation of a potential takeover by Sheikh Hamad.

However, it has since been claimed that the move by the Glazers has been delayed due to market volatility.




 

“They are not ready to go because of the way the markets are looking,” a source told MEN.

“While they’ve got the approval for listing they certainly don’t have the intention to go immediately.”

The United owners are said to be ready to offer 25 percent of the Old Trafford club in order to raise funds to pay of a significant portion of the debt.

Malcolm Glazer seized full control of United in June 2005, having owned a small stake of the club for two years previous.

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Topics:
Football
Premier League
Manchester United

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