According to the Sun, Manchester United are confident that a deal to sell the club can be completed by November.
Talks between the current owners and Sheikh Jassim bin Hamad al Thani’s representatives have made significant progress, and a sale worth £6 billion is now nearing completion.
The Qatari group is currently ahead of Sir Jim Ratcliffe in the race to acquire Manchester United, as they conduct due diligence before submitting a final formal bid.
Sheikh Jassim might be able to complete a full buyout of Manchester United three months into the upcoming season, which begins next weekend. This will be welcome news for Red Devils supporters who have been hoping for the deal to materialize.
Last November, the Glazers put the club up for sale, but there have been no positive updates in recent months as the potential buyers waited for further instructions after their previous bids were rejected.
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While there were recent claims suggesting the takeover was on hold, it has now been revealed that the process is still ongoing, and there is a possibility that it could be concluded before the end of the year.
If the Qataris emerge as the winners in the race to buy Manchester United, they will have to undergo the rigorous Premier League Owners’ and Directors’ test, a process that could take several weeks.
For years, United have been in need of new owners, and the fans eagerly await the departure of the Glazers.
The current ownership has led to a decline in the club’s ability to compete with rivals like Manchester City for both the Premier League title and Champions League.
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Since taking charge in 2005, the American owners have been unwilling to invest in necessary upgrades for Old Trafford, the Carrington training ground, and the squad.
A successful takeover could propel Manchester United to the next level and become a force in challenging for major trophies in both domestic and European competitions in the near future.
