by Man Utd takeover breakthrough as Uefa ‘will NOT block Qatari investors’ bid’ despite owning PSG
MANCHESTER UNITED have had a breakthrough in ownership talks after it was reported Uefa will NOT block investors from Qatar buying the club.
Despite interest from tiny Middle East nation, there were fears any ownership bid would be blocked due to Qatar Sports Investment already being owners of French champions Paris Saint-Germain.
This is due to Uefa having a rule which forbids a party from owning multiple clubs in the same competition.
With United and PSG often clashing in Europe, Uefa may have deemed any takeover bid illegal due to the two sides being in the same tournament.
However, according to the Daily Mail, any bid from Qatar will come from a separate entity to QSI
This satisfies Uefa chiefs enough for them to not block any prospective takeover of the club, which was put up for sale by the Glazer family last November.
Raine Group are overseeing the sale process for the Red Devils, and have set a February 17 deadline for any prospective buyers to place bids.
The Glazers are aiming to get up to £6billion for the club, but a more realistic range of just over £4bn has been estimated.
Sir Jim Ratcliffe was the first to announce his intention to buy Man Utd but he could be priced out of a deal despite recruiting Goldman Sachs and Jp Morgan.
The owner of INEOS and French club Nice – whose French stadium was the vanue fir an amateur porn film – is said to be ’determined” to strike a deal however.
