Qatari billionaire close to completing deal to buy MU
Qatar banker Sheikh Jassim will officially take over MU in October 2023.
Exclusive sources from The Sun said that Sheikh Jassim's team is currently assessing the Club before officially taking over the team from the Glazer family.
Qatar's nearly £6bn bid beat out British billionaire Sir Jim Ratcliffe, who was willing to allow the American owner's family to retain a small stake in the club.
Red Devils fans will be happy with the news that the Glazers are selling 100% of their shares, because they are fed up with the commercial-oriented management style of the past 18 years.
In fact, brothers Avram Glazer and Joe Glazer want to stay, but the top brass at Old Trafford warn this will cause a backlash from fans.
The Glazers stand to make a huge profit when the deal is completed. They bought United for just £800m in 2005.
Latest financial figures show that the Manchester team's total debt is up to 725 million pounds, the highest level since 2010.
Sheikh Jassim pledged to clear MU's debt as soon as he took over the team, as well as not receive dividend payments from the Club.
The Qatari banker also plans to upgrade Old Trafford stadium, Carrington training center and continue to invest in the team.
