Qatari investors are set to make an offer for Manchester United Plc in the coming days, people familiar with the matter said, in a move that would cement the country’s desire to become a major player in global sports.
The Qatari consortium is preparing to submit an initial bid for the English Premier League football club by the end of the week, the people said. Officials at sovereign wealth fund the Qatar Investment Authority are helping with preparations for a bid alongside local family offices, one of the people said, asking not to be identified discussing confidential information.
Qatar Sports Investments, a separate entity to QIA, already owns French super-club Paris Saint-Germain FC. Regulations from European football’s governing body, UEFA, state that teams with the same majority owner can’t both compete in the region’s major tournaments, including the showpiece Champions League. QSI chairman Nasser Al-Khelaifi is also a member of the UEFA Executive Committee that adopts its regulations.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qatari investors reportedly preparing imminent bid for Manchester UnitedBloomberg reported on Monday that the consortium will submit an initial bid for Manchester United by the end of the week, and that officials from the Qatar Investment Authority are helping with preparations
Read more »
Qatari investors preparing imminent bid for Manchester United: ReportThe report added that the consortium will submit an initial bid for the club by the end of the week.
Read more »
Qatari investors preparing imminent bid for Manchester United: ReportThe report added that the consortium will submit an initial bid for the club by the end of the week.
Read more »
Qatari investors preparing imminent bid for Manchester United: ReportThe report added that the consortium will submit an initial bid for the club by the end of the week.
Read more »
UAE set to issue CBDC for cross-border payments and domestic usageThe Central Bank of the United Arab Emirates is set to launch its CBDC. The CBDCs are part of a larger program called FIT, which seeks to accelerate digital transformation. The Central Bank of the United Arab Emirates (CBUAE) recently launched its Financial Infrastructure Transformation (FIT) program. The program aims to support the country’s financial […]
Read more »
Abraham Bably Nets Professional Fighters League Deal on PFL Challenger Series 3Manchester Top Team export Abraham Bably landed a Professional Fighters League contract during Week 3 of the PFL Challenger Series.
Read more »