Reports: Manchester United Set to Declare Qatar Takeover Worth $7.6 BN

According to media reports, Manchester United is set to be sold to Qatar. Following a long process of discussions and protracted sale saga, the English Premier League club takeover will be completed by Qatar’s Sheikh Jassim for a price of around $7.6bn, The Sun newspaper reported.

The Qatar investment group has been in a long-running bidding war with British Billionaire Sir Jim Ratcliffe to take over the football club but is finally ready to announce its victory in winning the deal.

According to The Sun newspaper report, “a date is pencilled in and an announcement could come as early as next month”.

The Qatar investment team is conducting due diligence and finalizing the details of the acquisition, which is expected to be completed in October.