Formal offers to acquire Manchester United are expected as early as Wednesday this week following a series of meetings over the last fortnight.
Manchester United takeover: The big British names you might not know are owned by Qatar
05.03.2023 - 10:33 / manchestereveningnews.co.uk
Manchester United could become the latest big British name to be snapped up by Qatari investor.
Qatari banker Sheikh Jasim bin Hamad Al Thani has made a formal approach to buy the Old Trafford club, with Failsworth-born billionaire Jim Ratcliffe his main takeover rival.
Sheikh Jassim's bid, which is being considered by the club's current owners, the Glazer family, has been presented as a deal independent of the Qatari state.
But critics have concerns about the degree of separation between the investment vehicle he fronts, and the Qatari state, against a backdrop of concerns about the country's human rights record.
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Nonetheless, quite apart from the ins and outs of the bid for United, investors from the resource rich nation already hold big stakes in some of Britain's biggest names.
A University of Salford expert told the Manchester Evening News Qatar had a desire to 'spread influence across the globe - fuelled by an enormous money tree.'
The majority of Qatari investments in the UK are through the Qatar Investment Authority (QIA), the country’s sovereign wealth fund, estimated to hold assets worth nearly £400 billion, or Qatar Holdings LLC.
The Qatari royal family, the House of Thani, who have ruled over the nation for more than 150 years, reportedly first began buying up properties and investing in London in the early Noughties - and the state of Qatar alone, not including royals' personal holdings, is understood to be the tenth largest landowner in the UK.
Here, the M.E.N takes a look at the big British names that you might not know Qatar is heavily invested in.
Qatar Airways is a major shareholder in IAG - British Airways parent
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