Published: 12:43, February 8, 2023 | Updated: 12:45, February 8, 2023
Report: Qatari investors set to bid for Manchester United
By Reuters

A boy displays a Manchester United flag prior to the UEFA Super Cup football match between Real Madrid and Manchester United on Aug 8, 2017, at the Philip II Arena in Skopje. (ARMEND NIMANI / AFP)

Qatari investors are planning to make a huge bid to buy Premier League club Manchester United, the Daily Mail newspaper reported on Tuesday, citing unnamed sources.

The report described the investors as "a group of private, high-wealth individuals" from Qatar, which hosted the 2022 World Cup.

Reuters has contacted Manchester United for comment.

Manchester United fans have been clamoring for a change of ownership and US owners, the Glazer family, have been the target of intense criticism as the team last won silverware back in 2017, lifting the Europa League and League Cup trophies

Jim Ratcliffe's company INEOS formally entered the bidding process to buy United last month after the club's US owners, the Glazer family, said in November they had begun looking at options including new investment or a potential sale.

ALSO READ: INEOS confirms entering bidding process to buy ManU

Bloomberg News reported last month that Qatar Sports Investments (QSI), which owns Paris St Germain, was considering either a total takeover or a stake in Manchester United or their rivals Liverpool.

United fans have been clamoring for a change of ownership and the Glazers have been the target of intense criticism as the team last won silverware back in 2017, lifting the Europa League and League Cup trophies.

A corner flag with the logo of the Manchester United soccer team is showed ahead of the English Premier League soccer match between Manchester United and Leicester City at Old Trafford, in Manchester, England, Aug 10, 2018. (JON SUPER / AP)

In April, thousands protested outside Old Trafford, lighting flares and singing songs demanding the Glazers "get out of the club".

United's net debt, another bone of contention among fans, had grown to 515 million pounds ($620.42 million) by September.

READ MORE: Report: ManU, Spurs, Liverpool takeover targets for Qatar fund

The team, managed by Erik ten Hag, are third in the league on 42 points after 21 games, three points behind Manchester City but eight adrift of leaders Arsenal, who have played a game less.