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Saudi Arabia has entered the race to buy Manchester United, according to reports.

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According to the sources, a deal for the record 13-time Premier League champion will likely surpass the largest sports deal to date, which was the $5.2 billion – including debt and investments – paid for Chelsea.

According to a report published by the Telegraph on Thursday, Saudi Arabia has made an offer to purchase Premier League club Manchester United before the deadline on Friday.

According to the report, numerous private organizations in Riyadh have conducted official investigations.

A possible bidder is British billionaire Jim Ratcliffe, founder of the chemicals firm INEOS and a lifelong supporter of the club. Other potential bidders include private equity firms from the United States and possibly investors from Qatar.

According to a report that was published by Bloomberg News on Thursday, which cited people with knowledge of the matter, Qatari Royals are getting ready to submit an opening bid for the club in the range of approximately 5 billion pounds ($6.00 billion).

According to the sources, a deal for the record 13-time Premier League champion will likely surpass the largest sports deal to date, which was the $5.2 billion – including debt and investments – paid for Chelsea.

According to research conducted by Deloitte, Manchester United holds the fourth spot as the wealthiest football club in the world.

As of the close of trading on Wednesday, a tiny fraction of Manchester United shares are traded on the stock market in the United States, where they have a market capitalization of more than $4 billion.

According to a report by Bloomberg, a group that includes Hamad bin Jassim bin Jaber Al Thani, a former leader of the Qatar Investment Authority and the country’s former prime minister, is putting the finishing touches on a proposal to purchase the club.

The club chose not to comment on the matter at this time.

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