Manchester United will not fall into the hands of the Saudi prince any time soon. The media minister for Saudi Arabia’s crown prince Mohammed Bin Salman clarified that the rumours linking the prince to a £3.8 billion takeover of the football club are incorrect. Over the weekend, there were talks of Salman being interested in buying the English club. United’s current owner is the Glazer family, who bought the club in May 2005 for £790 million.
"Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on buying Manchester United are completely false," said Turki al-Shabanah to news outlets. He also confirmed the same through a tweet, adding that United held a meeting with the Public Investment Fund to discuss a sponsorship opportunity. However, no deal has been made so far. On February 17. The Sun had reported that Salman was ready for a £3.8 billion bid to take over the club.
The publication added that the bid was put last year in October, but following the murder of journalist Jamal Khashoggi at the Saudi embassy in Istanbul, all potential offers were blocked. According to BBC, the club had posted record revenue of £208.6 million for the second quarter of 2018. That amount was before interests and taxes and amortization of £104.3 million.Read More