Investors from Qatar have made an offer to buy Manchester United off the Glazer family.
Last November, the current United owners announced that they were putting the club on sale after more than 17 years at the helm.
As United are one of the biggest clubs in world football, the interest surrounding the sale was always going to be big.
According to Sky Sports reporter Kaveh Solhekol, a bid has officially been made.
He tweeted: “Sheikh Jassim Bin Hamad Al Thani, the chairman of one of Qatar banks QIB has made bid for Manchester United. Wants to restore United to former glories with emphasis on youth and infrastructure. No debt. All profit to be reinvested in community through 92 Foundation.”
Although there was not an exact figure, it was previously reported that the bid is expected to be in the region of £5 billion.
Apart from Qatar, offers are expected to be made from around the world, including a bid from the United Kingdom.
Chemicals firm Ineos boss Sir Jim Ratcliffe went public with his intentions to buy United in order to put the club back under British ownership, having been a lifelong fan of the Old Trafford club.
Ratcliffe is the richest man in Britain with a reported net worth of £21 billion, his sporting portfolio includes Team Sky in cycling, now racing under the name Team Ineos.
He also holds a huge stake in the Mercedes AMG Formula One team, Brits Lewis Hamilton and George Russell are the drivers for the team.
Image Credit: AlamyTesla owner and fellow United fan Elon Musk is said to be keeping an eye on the situation, worth £157 billion, the price should not prove to be an obstacle for Musk and allows the Glazers to keep United under American stewardship.
It is believed that bids from Saudi Arabia, China and Singapore are also expected. This will be music to the Glazers’ ears as they hope a bidding war will increase the ultimate sale price of the Red Devils.
United boss Erik ten Hag has claimed he is following the situation.
He said: “We are following it – it’s our club.
“Of course, we are committed but we are focusing on football, on training and our way of play, and games.”
Who will become the new owners of United? Only time will tell.