Manchester United has received formal bids before the set deadline as the club gets closer to a sale.
The multitude of offers includes one from Sheikh Jassim Bin Hamad Al Thani, a son of Qatar’s former prime minister, British billionaire Jim Ratcliffe, a lifelong United fan and founder of chemicals firm INEOS, private equity firms from the United States of America while Saudi Arabia has also entered the process.
The initial deadline for interested parties to submit their bids for Manchester United was Friday.
The club was a surefire pick to attract plenty of attention as it is extremely rare for a club of United’s stature to go on sale. Despite their recent struggles, which have seen their neighbours City pass them, United arguably remains the most recognised club in England.
They are the fourth richest football club in the world according to Deloitte.
According to sources the club’s current majority owners, the Glazer family, is seeking a valuation as high as 7 billion pounds which will eclipse the previous record of Chelsea’s sale to Todd Boehly’s consortium.
The Premier League has recently become an area of interest for foreign investors.
United’s rivals Liverpool are also reportedly exploring a sale while Tottenham Hotspur is expected to receive a bid worth $3.75 billion from Iranian-American billionaire Jahm Najafi in the offing.
