Manchester Utd negotiating exclusivity with Qatar's Sheikh Jassim in 6 billion-plus USD sale talks
(VOVWORLD) - English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar's Sheikh Jassim bin Hamad al-Thani in talks to sell itself for more than 6 billion USD, people familiar with the matter said on Thursday.
 (Photo: Reuters) |
While a deal remains uncertain, the development represents a major milestone in the efforts of Sheikh Jassim - the son of Qatar’s former prime minister who is one of the richest men in the Gulf state - to take over the iconic sports brand.
Members of the Glazer family, which own minority stakes in Manchester United and control it thanks to a dual-class share structure, would be cashing out as part of the proposed deal, one of the sources said.
A 6 billion-plus USD deal for Manchester United would be one of the biggest ever in the sports world.
Record 20-time English champions, Manchester United has over 650 million fans worldwide, according to market research firm Kantar.