Multiple private groups in Riyadh have made formal inquiries, the report added.
British billionaire Jim Ratcliffe, a life-long supporter of the club and founder of chemicals firm INEOS, is a likely bidder, along with U.S. private equity firms, sources told Reuters.
Qatari Royals are readying an opening bid of roughly 5 billion pounds ($6.00 billion) for the club, according to a report by Bloomberg News on Thursday citing people with knowledge of the matter.
The Bloomberg report said a consortium including Hamad bin Jassim bin Jaber Al Thani, the country’s former prime minister and ex-head of the Qatar Investment Authority, is putting the final touches on a proposal to acquire the club.
The Office of the Qatari Royal and Manchester United did not immediately respond to a Reuters request for comment on the Bloomberg report.
A deal for the record 13-times English Premier League winners will likely exceed the biggest sports deal so far, the $5.2 billion – including debt and investments – paid for Chelsea, the sources added.
Manchester United is the fourth richest soccer club in the world, according to analysis by Deloitte.
A small portion of Manchester United shares is listed in the United States with a market capitalization of more than $4 billion, as of Wednesday’s close.
The post <strong>Saudi Arabia enters race for Manchester United</strong> appeared first on Sports Village Square.