Loyal Lovin readers can support Lovin so we can continue to share the stories of all amazing cities
Minimum custom amount to enter is AED 2
By donating, you agree to the Privacy Policy and Terms of Service
No Qatari Takeover: Manchester United Sale Is Going To Be Postponed
After failing to receive a bid that met their asking price, Daily Mail has reported that the Glazer family has decided to take Manchester United off the market.
The American moguls could delay a potential sale until 2025 at the earliest
Both British businessman Sir Jim Ratcliffe and Qatari financier Sheikh Jassim Bin Al Thani put forward bids for full control of the club earlier this year totaling almost £5 billion.
The businessmen will reportedly try to sell the club once more in 2025, when they anticipate that “financial and environmental factors may attract more bidders.”
According to reports, these causes include an increase in TV rights revenue, the addition of 32 teams to FIFA’s Club World Cup, and the planned 2026 World Cup in the USA, which has piqued the interest of US billionaires.
Recommended
HH Tamim Bin Hamad And Finnish President Met In Helsinki To Deepen Diplomatic Ties
Weekend Watchlist: 5 Must-Do Activities in Qatar!
Qatar Anticipates Increased Chances Of Rain This September
For Man United fans who thought a sale might be imminent, the most recent development will be a major source of frustration.
According to reports, the Glazers are reportedly looking to raise up to £10 billion for the Premier League heavyweights.
For Man United fans who thought a sale might be imminent, the most recent development will be a major source of frustration.
David Beckham, who announced earlier this year that he wants to see the club sold, won’t be happy to hear that a transaction of any kind may now be delayed for at least two years.
