According to a prominent news source in Qatar, the Glazers are reportedly poised to finalize an agreement with Sheikh Jassim bin Hamad al Thani in the near future.
The Qatari financier, who also serves as the leader of the Nine-Two foundation, has been considered as the frontrunner in the competition to acquire Manchester United. He submitted a bid to purchase the entire club for a sum exceeding £5 billion.
According to Raya.com, the Glazer family, who currently owns Manchester United, is expected to sign a purchase contract in the next few hours, following a bid by a Qatari group to buy the club.
Sources close to the Qatari bidder express confidence in their victory, but there has been no official announcement yet, and other Qatari papers have not confirmed the report.
If the news is true, it would represent a significant change in the history of one of the world’s biggest football clubs. The Glazers have been in ownership for 18 years but have brought little investment off the pitch or success on it, especially after Sir Alex Ferguson retired.
The Glazers announced in November 2022 that they were exploring strategic alternatives for the club’s financing, including a full or partial sale or refinancing, loans or investments.
The process was initially expected to conclude by the end of March, but it has been delayed multiple times.
There have been rumors that the Glazers were divided on the issue, with some wanting to retain a stake in the club, while others wanted to cash in on what could be a world record price for a sports venture.
If a decision has finally been made, it would be a relief to the millions of fans who have been protesting against Glazer ownership for years, as the Glazers plunged the club into debt by borrowing against it to buy it in 2005.
It would also provide clarity for Manager Erik ten Hag, whose summer transfer window has been hampered by the lack of decision-making and budget constraints.