Manchester United shares have climbed by more than 17 per cent as Qatari investors prepare to bid for the club.
Sportsmail exclusively revealed on Tuesday that investors from the Middle Eastern country are set to attempt to buy the Premier League side outfit within days and are ‘confident’ of beating any rival bidders.
And amid their desire to hand manager Erik ten Hag a huge transfer kitty, shares in the club have risen by almost a fifth in pre-market trade.
Sources have disclosed a group of private, high-wealth individuals based in the oil-rich state, buoyed by Qatar’s hosting of the World Cup, have set their sights on a club they view as ‘football’s crown jewels’.
They will make an offer for United in the coming days, ahead of the mid-February deadline set by the current owners, the Glazers, and are confident their bid will blow the competition out of the water.
The deeply unpopular Glazer family owners are seeking more than £6billion for the club, and there is the prospect of another huge bill to redevelop Old Trafford, or knock down the iconic venue and build a new state-of-the-art facility.
Such a project could cost more than £2bn, but that would not be a problem for the Qatari group. Fan engagement is at the heart of their bid and they may well seek the views of supporters on the future of the stadium.
Credit: dailymail.co.uk
