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Monday, November 4, 2024

Qatari Bid for Manchester United has raised ‘SIGNIFICANT’ Worry at PSG

Newsedup reported last week that a Qatar-based consortium had launched a bid for United but faced a potential hurdle in UEFA rules which ban one owner from controlling multiple teams in their competitions. Qatar Sports Investments (QSI) already own the French giants.

However, we later observed that UEFA would not block a Qatari bid for Manchester United in a significant boost for the interested group from the oil-rich state.

The United bid will come from a separate entity to QSI, likely to satisfy officials. UEFA sources have also disclosed that there will not be any problem with the Qatari proposal, around the clock ahead of the Friday 10 pm deadline imposed by investment bank Raine that oversees the sale for United.

However, French outlet L’Equipe has reported significant worries about the impact a takeover of United could have on PSG. The fear is that the priority will be given to the Red Devils if the deal goes through, even though a private group of Investors eyes the Premier League Giants.

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