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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar Holdings making GBP2 bln takeover plans for Manchester United

Posted on 15 June 2011

Qatar Holdings are reportedly planning a £2 billion takeover of Manchester United. The People claims Qatar Holdings, the business arm of the country’s ruling royal family, are financing United’s summer spending which is expected to be around £125 million.

It is argued that United’s owners, the Glazer family, who bought the club for nearly £800 million in 2005, do not have the financial capability to fund that level of transfer spending.Qatar Holdings, a division of the Qatar Investment Authority, is believed to have had a £1.5 billion offer turned down last year……………………………………….Full Article: Source


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