- More by Michael Al-Said
Manchester United have received a £3.8 bn takeover bid from Saudi Crown Prince Mohammad bin Salman Al-Saud
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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.
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M.AlSaid@alsahawat.com | Journalist