Qatar group to demolish Old Trafford after £2 billion possible takeover of Manchester United: Reports
Qatar Investment ready to launch an official bid for Manchester United in a club takeover.
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Manchester United's iconic home ground Old Trafford set to be renovated in a takeover project. Image via Instagram
A shocking report claimed that the historical Old Trafford, Manchester United’s home ground could be demolished. The reports claimed that a Qatar-based investment group will rebuild the iconic Old Trafford in their bid for the Manchester United takeover. The project will cost a reported £2bn and sources close to the club claimed that it ‘won’t be a problem for the Qatari group.’
After huge protests from fans, Manchester United owners The Glazers announced they were open to offers for the club, back in November 2022. Since then, various parties have expressed their interest in buying the club. The club could be reportedly purchased for a record-breaking price for a sports franchise at a whopping £6 billion.
According to the Daily Mail, a Qatar investment group is preparing a bid for the Red Devils, which could lead to the Old Trafford having a “state-of-the-art,” refurb. “United’s owners are seeking more than £6 billion for the club, and there is the prospect of another huge bill to redevelop Old Trafford, or knock down the iconic venue and build a new state-of-the-art facility. Such a project could cost more than £2bn, but that would not be a problem for the Qatari group,” the statement mentioned.
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Qatar Investment group is leading the race to buy Premier League giants Manchester United. As The Glazers are open to bids for the club, and the Qataris are ready to launch an official bid within days. The Glazers set the mid of February as the deadline for the club. The Qatar investment group is also putting fan engagement in their bid. They will look for the views of Manchester United fans and supporters for the future of the club.
The Investment group is reportedly confident, claiming that their bid will shadow every competition for the club. And want to significantly boost manager Erik Ten Hag’s transfer kitty. The Qataris have reportedly prepared a huge £6 billion bid for the English giants, and have proposed a £2bn renovation project of the beloved Old Trafford.
The Qatar Sports Investments’ ownership of French giants Paris Saint Germain could be a huge block for the investors. However, the Qatar investment group is adamant about buying Manchester United. A source stated, “These people are serious. They want to make sure that United are where they should be, there is a steely-minded determination to buy it and get it to where it should be.”
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Anshul Singh
(239 Articles Published)