There has been a significant update in the potential takeover of Manchester United after the club was put up for sale by the Glazer family.
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According to The Telegraph, private groups from Saudi Arabia have entered the race to purchase the 20-time English champions.
Groups from Riyadh have reportedly made formal enquiries over a possible full takeover of the Red Devils, with the Glazers believed to be hoping to sell the club before the end of the season.
British billionaire Sir Jim Ratcliffe is said to be part of the one consortium that has launched an official bid, amid rumours that investors from Qatar are also interested in submitting an offer.
Saudi Arabia's sovereign wealth fund, called the Public Investment Fund, already owns a controlling stake in Newcastle United, while Ratcliffe's company INEOS owns French club Nice.
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Qatar Sports Investments, meanwhile, owns Paris Saint-Germain, with reports suggesting that UEFA are looking to avoid any conflict of interest with multi-club ownership.
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