Sports Evolve
A group of Qatari investors is confident that their nation’s ownership of Paris Saint-Germain (PSG) will not cause any problems with their upcoming bid for Manchester United.
The group of wealthy individuals from Qatar is expected to make an offer for the club before the mid-February deadline and wants to provide manager Erik ten Hag with a large budget to bring the club back to the top of world football.
The current owners of the club, the Glazer family, are seeking a price north of £6bn for Manchester United and there may be a potential cost of £2bn for either redevelopment or rebuilding Old Trafford.
The issue of Qatar’s ownership of PSG is being examined by experts, but the group is confident that it will not be a problem. The money for the bid will come from an individual fund rather than a sovereign wealth fund and is separate from the Qatar Sports Investment Group.
The group is confident that their bid will be the strongest and is already making plans for what to do if they are successful. They aim to make a substantial investment to further strengthen Ten Hag’s squad.
