According to The Sun, after lengthy negotiations, a Qatari consortium will acquire Premier League club Manchester United for approximately $76 billion.
It turned out that the Qatari consortium and the British richest man Sir Ratcliffe's Ineos Group had a long bidding war.However, Qatar is now ready to declare victory.
According to The Sun, an official announcement date has been set and an announcement could come as early as next month.
The Qatar Investment team is actively conducting due diligence and plans to finalize all details by October.
According to recent reports, the Qatari consortium has completed the acquisition of 100% ownership of Manchester United.
Many Manchester United fans have been expecting the team to be taken over by Qatar.Qatar is said to have pledged to invest heavily in the team and build infrastructure around the club, including renovating the iconic Old Trafford stadium.
