According to reports, Saudi groups have signed a confidentiality agreement allowing them to examine Manchester United’s finances amid rumors of a prospective takeover. The Glazers stated in November that they were willing to sell the club. A bidding battle between Saudi Arabia and Qatar is said to be “the stuff of dreams” for Americans.
Since 2005, the Glazers have ruled the roost at United.
Despite spending billions on players the Americans have frequently been divisive figures at Old Trafford.
Qatar and Sir Jim Ratcliffe appear to be the frontrunners in the race to sign United at the moment, with offers due on Friday.
Yet the Daily Mail claim Saudi have ‘signed a secrecy agreement’ that permits them to ‘access the data room’.
This allows them to examine the Red Devils’ finances, however, it is still believed that Saudi Arabia would not bid for the club.
A bidding war between the Middle Eastern country and their competitors, Qatar, is reported to be “the stuff of dreams” for the Glazers.
But, an offer from Saudi Arabia is not expected, and it would be surprising if they went all guns blazing at the eleventh hour.
The research also sheds light on the other potential buyers of United.
Qatar is stated to be convinced that its bid remains the strongest and that it will be successful in eliminating the Glazers.
Those concerned are willing to provide Erik ten Hag with a sizable transfer budget.
Now, having just hosted a great World Cup, they have the funds to give Old Trafford the spectacular makeover it deserves.
Elon Musk, the tech entrepreneur, has been linked to a bid for United.
The 51-year-old, who has a net worth of about £157 billion, is said to be keeping an eye on the situation.
Musk may be asked to lead another group of investors, and while Amazon has been mentioned, they do not appear to be viable candidates for United at this time.
China and Singapore are also rumored to be interested.
And what happens next remains to be seen, with further details expected to emerge during the day.
Nevertheless, former West Ham striker Frank McAvennie feels United fans will simply be relieved to see the Glazers go.
“What happened in Qatar was bad, but if someone comes into your team and spends a lot of money, you’re going to back them,” he told Football Insider.
“Have a look at what happened in Newcastle. Nobody wanted Saudis, but now it’s like a different city.
“All they see is their team performing really well and it will be the same with Man United.
“They’re enormous. If you step into Man United, you are a supporter regardless of who you are.
“They are one of the world’s largest clubs. Everything about them is enormous.
“At Newcastle, they didn’t want people from Saudi Arabia to take over, now nobody would say a bad word about them. It is a volatile world.
“Sure there will be concerns and the club will come out with their typical pronouncements but at the end of the day fans will see a team that is fighting on all fronts and that is what they want.