Thomas Hein
Sources at Manchester United have claimed the club is not for sale following rumours of a bid from Saudi Arabia’s crown price Mohammad bin Salman, according to the Daily Mail.
The report adds that the Saudi Arabian royal family are interested in buying the Red Devils and rival the Abu Dhabi ownership at Manchester City.
As per the Daily Mail, the royal family is worth an estimated £850billion, and the club already has a strong connection with the Arab country after announcing a partnership with Saudi Arabia’s General Sports Authority.
Rumours were swirling as Avram Glazer, co-owner of United is due to travel to the country for an investment conference next week. However, the report adds that the Glazers have no desire to sell the club.
United were purchased for £790m (h/t Daily Mail) in 2005 and is now worth between £3bn and £4bn (h/t Daily Mail).
The report says that the crown prince wants to make a mark in football. But the Sun reports (h/t Daily Mail), via sources, that United would be an ideal acquisition.
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The Glazers did sell two percent of the club’s shares in August and could be interested in selling more to the Saudis. However, the American owners wouldn’t accept any deal that dilutes their power and control of the club, as per the Daily Mail.
