Saudi Arabia have joined Qatar and Sir Jim Ratcliffe in the Manchester United takeover race ahead of Friday’s soft deadline, according to The Telegraph.
The Glazers recently appointed the Raine Group as their financial advisors and they are expected to evaluate offers on the table after today’s deadline.
In public view, Sir Jim and the Qatar Investment Authority are keen on buying United but it appears Saudi are set to join the pursuit with formal proposals.
A number of wealthy Saudi investors are interested in purchasing the club and it is reported that the Glazers could sanction an outright sale by April 30.
Big day ahead for Manchester United
United have had a tough time on the playing field over many seasons, but continue to remain one of the most followed clubs in world football at the moment.
With the huge revenues every year, they should be spending big on world-class talents and must be competing for regular trophies across all competitions.
The Glazers’ money-making policy has caused United’s downfall and hopefully, the new consortium will give the complete financial backing to manager Erik ten Hag.
The owners did spend over £220 million at the start of the season, but for a club of United’s calibre, they should be doing the same over multiple transfer windows.
As things stand, Saudi and Qatar are leading the race to take control of United. Sir Jim is said to be reluctant to pay beyond the club’s worth of £4.5bn.
The British billionaire has no plans of meeting the Glazers’ demands for £5bn as most of his funds will come from loans and bonds through investment firms.
Stats from Transfermarkt.com
