Old Trafford outfit finally set to get rid of the Glazers?
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The most famous name in English football is the target for the next wave of Arab invaders.
Across Manchester arch-rivals City are already owned by the Abu Dhabi United Group, led by billionaire Sheikh Mansour bin Zayed Al Nahyan.
Now Qatar Holdings, an investment vehicle for the Qatari royal family, are pursuing the £1.5billion takeover of Manchester United. The Gulf state of Qatar has already landed the right to stage the 2022 World Cup finals in an audacious international coup.
The Qataris have also accumulated a huge range of trophy assets in England.
These include the Harrods store and spectacular London properties such as One Hyde Park, the Shard of Glass and the US Embassy in Grosvenor Square.
Last week the Qatar Foundation, the charity wing of the ruling family, bought the sponsorship rights to the Barcelona shirt. It was a declaration of their intention of getting Qatar accepted as a global football brand.
Qatar Holdings is the third largest shareholder in car-maker VW and has a stake in Porsche.
Its chairman, Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, who is also Qatar’s prime minister, is keen to add to their portfolio of investments and sees United as an iconic acquisition. The arrival of the Qatar billions would pave the way for the end of the controversial Glazer family reign.
The Arabs can satisfy any request for proof of funding from the Glazer family in the United States and are also willing to fund a massive transfer fund for manager Sir Alex Ferguson.
United’s massive fan base around the globe are certain to welcome the change of ownership from the controversial Glazer regime.
The American family seized control for £790million in 2005.
But the Americans have incensed United supporters by borrowing against the club’s assets. (Sunday Mirror)
It is somewhat typical of tabloids like the Daily Mirror to use emotive language like “Arab invaders” but instead of dealing with the rather myopic attitude and language of the text let’s looks as the crux of the story instead. Clearly there is the general consensus amongst most Man United fans that anyone but the Glazers would do and surely that would be doubly so in this case.
If Qatar Holdings were interested in purchasing the Old Trafford club I would imagine many who follow the club would be ecstatic and with good cause. We are talking about a group that appears to have pretty much near limitless wealth and that has got to be miles better than leaving the club in the hands of those who used bad debt and high interest loans to buy the club in the first place.
There have been many similar stories about purported interest in football clubs by big money groups from Qatar but given recent events, like the Qatar Foundation sponsorship deal with Barcelona and the winning of the 2022 World Cup bid, it does seem quite plausible that some within Qatar would be very keen to get an extra foothold in the English game and what better way to do so than to buy arguably the biggest football club in the world.
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