Deals
Qatari Royals Plan £5 Billion Opening Bid for Man United
- English football club expected to be subject of bid battle
- US Glazer family working with Raine Group on sale plans
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Qatari investors are readying a roughly £5 billion ($6 billion) opening bid for Manchester United Plc, people with knowledge of the matter said, ahead of what’s expected to be a fierce bidding war for the English football giant.
A consortium including Hamad bin Jassim bin Jaber Al Thani, the country’s former prime minister and ex-head of the Qatar Investment Authority, is putting the final touches on a proposal to acquire the English Premier League club from the US Glazer family.