Saudi Arabia Says No Interest In Buying Manchester United

Saudi Arabia dismissed a UK newspaper report that Crown Prince Mohammed bin Salman is interesting in Manchester United and wants to tempt the Glazer family to cede control of the Premier League soccer team.

The news is “completely untrue,” Saudi information minister Turki Alshabanah said on Twitter.

Bin Salman first made a bid for the team in October, the Sun said, but the diplomatic row that followed the murder of journalist Jamal Khashoggi in the Saudi embassy in Istanbul “put the skids” on the $4.9 billion offer.

The minister suggested the Sun misunderstood why there’s been recent contact with United.

“The club held a meeting with the Public Investment Fund to discuss an sponsorship opportunity, and the Fund listened to the proposals as any investment and did not produce any results,” he said.

United is controlled by the Glazer family, owners of the NFL’s Tampa Bay Buccaneers. They bought the storied England soccer club in 2005 in a controversial acquisition heavily financed by debt and, in 2012, listed it in New York. They have no interest in selling, the newspaper said.

Calls to the Glazer Family Foundation in Florida were unanswered.

The Sun said Bin Salman’s interest in United is driven by a desire to challenge crosstown rival Manchester City, which is owned by Sheikh Mansour of Abu Dhabi’s royal family.

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.

RECENT NEWS

In Pictures: 2020 EFG Sailing Arabia - The Tour A Success Both On And Off The Water

Oman Sail partnered with DB Schenker to move the eight boats, 31 sailors, and support equipment to five different locati... Read more

Liverpool's Premier League Title Celebrations On Ice After Virus Strikes

Jurgen Klopp's team needed Manchester City to lose to Burnley on Saturday to give them a chance to seal the deal at thei... Read more

Dubai's DP World To Sponsor Renault F1 Team

DP World will become the global logistics partner and title partner of the Renault F1 team Read more

NBA Suspends Season After Player Tests Positive For Covid-19

NBA said it will use this hiatus to determine next steps for moving forward in regard to the coronavirus pandemic Read more

Lewis Hamilton Chases Records As Virus-hit F1 Season Roars Into Life

Mercedes F1 driver Lewis Hamilton has been the dominant force in recent times, winning five of the previous six titles Read more

Maximum Security Owners Cut Ties With Servis Over Drug Scandal

Owner Gary West said Maximum Security, winner of last month's Saudi Cup in Riyadh, the world's richest horse race, would... Read more