MANCHESTER UNITED have made a breakthrough in ownership talks after it was revealed Uefa will NOT stop Qatari investors from buying the club.
Despite interest from Qatar, there were fears a takeover bid could be blocked as Qatar Sports Investment already owns French champions Paris Saint-Germain.
This is because Uefa has a rule that prohibits a party from owning multiple clubs in the same competition.
With United and PSG clashing frequently in Europe, Uefa may have considered any takeover bid illegal as both teams are in the same tournament.
However, each bid from the Middle Eastern country will come from a separate entity, according to the Daily Mail.
This gives Uefa bosses enough satisfaction not to block a potential takeover of the club, which was put up for sale by the Glazer family last November.
Raine Group is overseeing the sale process for the Red Devils and has given potential buyers until February 17 to place bids.
The Glazers are aiming for up to £6m for the club but a more realistic range of just over £4m has been estimated.
Sir Jim Ratcliffe was the first to announce his intention to buy Man Utd but he could be left out of a deal despite recruiting Goldman Sachs and JP Morgan.
However, the owners of INEOS and French club Nice – whose stadium was the scene of an amateur porn film – are said to be “determined” to strike a deal.
BETTING SPECIAL – THE BEST FOOTBALL BETTING SITES IN THE UK
The Mail’s report adds that alongside the split of two entities, PSG President Nasser Al-Khelaifi’s closeness to Uefa boss Aleksander Ceferin could also be a key factor.
Ceferin was present at the Parc des Princes when PSG suffered a 1-0 defeat by Bayern Munich.
https://www.the-sun.com/sport/7394944/man-utd-takeover-uefa-will-not-block-qatar-bid/ Man Utd takeover breakthrough as Uefa ‘will NOT block bid from Qatari investors’ despite owning PSG