Posted on 02/22/2019 12:20:51 AM PST by granada
Saudi Arabia's Crown Prince Mohammed bin Salman does not intend to buy Manchester United, his minister for media has said.
A report in the English press claimed that Prince bin Salman was pursuing a deal worth £3.8billion to take over United but, in a tweet on Monday, his media minister Turki al-Shabanah said the information was "completely false".
He added: "Manchester United held a meeting with [Saudi Arabia's] Public Investment Fund to discuss sponsorship opportunity. No deal has been materialised."
Last week, United reported record revenue for the second quarter of the financial year of £208.6m. The club is forecasting annual revenue to be between £615m and £630m.
Prince bin Salman is one of the richest and most powerful men in the world and is understood to be keen to invest in a top European football club.
Saudi Arabia's neighbours are already heavily involved in football, with reigning Premier League champions Manchester City backed by Abu Dhabi-based Sheikh Mansour and Paris Saint-Germain owned by Qatar Sports Investments.
(Excerpt) Read more at skysports.com ...
“A new car, caviar, four star daydream, I think I’ll buy me a Football team...”
They’re owned by an American family (the Glazers), and are very profitable. Don’t know why they’d want to sell - unless they are tired of owning a football team.
That was my first question... why would the Glazers want to sell? MU is about the most popular soccer club in the world (along with Barcelona).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.