TA: Glazer talks with Saudi & Qatari investors, aiming to sell 60-7 billion in 23 years
Abraham Glazer, one of Manchester United’s owners, met with potential investors during his trip to Doha for the World Cup, including those from Saudi Arabia and Qatar, according to The Athletic UK ace reporter David Ornstein in Doha.
The Glazers announced in November that they intended to “explore strategic options” for Manchester United, “including new investments, sales or other deals in the club”.
As Manchester United’s exclusive financial adviser, Rennes Bank aims to sell the club for between £6 billion and £7 billion in the first quarter of 2023.
The nature of the talks between Glazer and the different groups he met in Doha is unclear.
The Glazers have other business interests in the region, so some in the financial community suspect that an Arab Gulf state would be interested in buying the club at such a high price.
But Glazer used the trip to the Middle East to hold talks with potential investors as he sought to sell the Premiership club.
Manchester United and Rennes declined to comment to TA on the matter.
It is not clear who Glazer is with or whose guest, but those sitting in the VIP or VVIP district-which hosts French President Emmanuel Emmanuel Macron-are usually the Qatari government, FIFA or business partners.