Sheikh Jassim bin Hamad Al Thani, the chairman of one of Qatar's biggest banks, has confirmed his foundation will bid to buy Man Utd.
Sheikh Jassim's Qatari consortium said: "The bid plans to return the club to its former glories.
"The bid will be completely debt free via Sheikh Jassim's Nine Two Foundation, which will look to invest in the football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the club supports.
"The vision of the bid is for Manchester United to be renowned for footballing excellence, and regarded as the greatest football club in the world."
The possibility of Qatari investment in a Premier League club has raised concerns among human rights groups.