Arsenal could be richer than Man City if Qatari takeover happens

Don’t wait around for updates – sign up for our daily football email newsletter today!

Arsenal could be richer than Manchester City if a Qatari takeover was to happen following a cryptic tweet.

Sheikh Khalifa bin Hamad Al-Thani, former president of Al Arabi and current member of the Middle Eastern country’s royal family, sent fans wild with his latest social media activity.

Writing to his 136,600 followers, he shared the north London side’s logo with: “The rest of the time. 7 months.”

While another tweet earlier in the day read: "I think it's time to sell. The situation is getting worse than bad. London red."

Since then, it has emerged that the Sports Investment Authority in Qatar would like a Premier League side on their books.

Mohammed Saeed Alkaabi, a personal account involved in Qatar Sports Investments, posted: “I received a lot of questions about Arsenal yesterday, and some were upset because I did not answer them.

“In fact I do not have any definite information, but it is said that there is Qatari interest in buying the club during this year, but the process will not be easy.

“This and God knows.”

Should a takeover happen, it would send Arsenal to the top of the Premier League’s rich list.

The Al-Thani family is the top of the pile in Qatar, believed to have between 7,000 and 8,000 members.

What do you think would be a potential new owner's first problem to solve at Arsenal? Let us know in the comments section.

And they are headed by Sheikh Tamim bin Hamad Al Thani, who at 41 is the youngest sovereign in the world and has ruled since 2013.

This sees the royal family hold a weather of $335bn (£253bn), according to Love Money , to be the third richest family in the world.

Their assets include stakes in the London’s Shard and Olympic Village, New York’s Empire State Building, Volkswagen, Barclays and British Airways.

While the Qatari family also holds an interest in sport, with the Qatar Sports Investments consortium owning Lionel Messi’s new club PSG.

Should this wealth be plugged into Arsenal, it would see them wipe the floor with current top dogs City.

They are owned by the Abu Dhabi royal family, with Sheikh Mansour bin Zayed al-Nahyan’s wealth coming in at $150 billion (£116.6bn).

  • Arsenal FC
  • Manchester City FC

Source: Read Full Article