Manchester United receive £3.8BN takeover bid from Saudi Crown Prince Mohammad bin Salman in push to buy the club before next season


Manchester United have received a £3.8 bn takeover bid from Saudi Crown Prince Mohammad bin Salman Al-Saud


BREAKING NEWS

Al-Sahawat Times

This story is currently developing. Further updates will follow

To be notified of developments as they break


Al-Sahawat Times | Ethical Global News from Oman and UAE | Donate HERE


Advertisement – Advertise here from OMR 100 / $275 USD


The Saudi royal family, who are worth an estimated £850bn to £1tr are hoping to tempt Manchester United’s current owners the Glazers into selling the club before the start of next season.

Saudi Prince Mohammad bin Salman Al-Saud is stepping up his £3.8billion takeover bid of Man United.

The proposed takeover bid comes after United chiefs have been seen spending an increasing amount of time in Saudi Arabia, according to The Sun.

Sources close to the Glazer family claim that they are against selling the Premier League club but an offer that big could certainly tempt United’s owners.

The American owners purchased the Red Devils in 2003 for £790m but if they decided to accept Bin Salman’s offer, the Glazers would bank a huge £3bn profit.

The Saudi Prince has previously been linked with bids to buy United last year but sources insisted the club at that time was not for sale.

The £3.8bn valuation from the Saudi Prince is dependent on whether or not United can secure Champions League next season.

Should Ole Gunnar Solskjaer fail to deliver Champions League football, then the valuation of United would likely drop while a deal is unlikely to go through until qualification is confirmed.

Purchasing United would signal the Saudi family’s intent to rival Manchester City as the top team in English and world football.

City, who are owned by Sheikh Mansour Al-Nahyan of the Abu Dhabi (UAE) royal family, have guided City to becoming one of the world’s best club teams after huge investments were made over the past decade.

With Oman’s Royal Family taking over Bollywood (Sheikh Shamsaldin releases Bollywood blockbuster…READ) The GCC countries are truly planting themselves on the world stage as great business leaders.


Since you’re here …

… we have a small favour to ask. More people are reading Al-Sahawat Times than ever but advertising revenues across the global media industry are falling fast. And unlike many news organisations, we haven’t put up a total paywall. We want to keep our journalism as open as we can. So you can see why we need to ask for your help. Al-Sahawat Times’ independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe truly ethical media and an unbias perspective really matters.

“I appreciate there not being a paywall: it is more democratic for the media to be available for all and not a commodity to be purchased by a few. I’m happy to make a contribution so others with less means still have access to information.”

If everyone who reads our reporting, who likes it, helps fund it, the future of ethical media and the futures of our staff and their families would be much more secure. For as little as £1, you can support Al-Sahawat Times and it only takes a minute. Thank you.

 


This story is available on:

APPLE NEWS | GOOGLE NEWS | AL-SAHAWAT TIMES


Talk to a journalist

Email: NewsDesk@alsahawat.com

Web: alsahawat.com

Follow Al-Sahawat Times

Visit Us On FacebookVisit Us On TwitterVisit Us On LinkedinVisit Us On YoutubeVisit Us On Instagram
Read it on Apple News

?Read it on FLIPBOARD


M.AlSaid@alsahawat.com | Journalist

About the Author

Michael Al-Said
News correspondent for Al-Sahawat Times since 2012