Prince Mohammed Bin Salman Still Wants To Buy Manchester United
The rumour mill has gone into overdrive amid reports that Saudia Arabia’s Crown Prince is seeking a meeting with Manchester United’s owners to discuss a possible $5 billion takeover.
If the headlines are true, the multi-billion pound offer would mark Prince Mohammad Bin Salman’s second bid for the Red Devils – around 18 months ago he offered current owners, the Glazers, a whopping £3.5bn for the Old Trafford club.
The sensational bid was quickly rebuffed by the American family, who insisted they weren’t open to offers at the time. But could that be about to change?
Chatter surrounding Bin Salman’s multi-billion pound Red Devils takeover quieted over recent months, after his name was linked to a $440 million consortium bid for Newcastle United, led by business woman and financier Amanda Staveley.
The rumours were met with unbridled enthusiasm from Newcastle supporters, who lobbied owner Mike Ashley to sell the Premier League club to the Saudi-led consortium. If the reported deal goes ahead, it would see Bin Salman acquire the Magpies at the end of the season.
While there’s no indication the Glazers – who bought Man Utd for a comparatively measured $1billion in 2015 – have any intention of selling the club, would a $5.2bn offer see them reconsider? Time will tell.
Newcastle Utd owner Ashley, by contrast, has made no secret of his intention to sell his club. However, a source close to the British billionaire told the Mirror he wants a firm offer and has insisted on a non-returnable bond of $325,000 from any interested party before due diligence takes place.
“Mike is getting fed up of hearing or reading about proposed interest from different parties in the media,” they said. “It’s why until he actually sees the colour of somebody’s money he remains highly sceptical about whether there is genuine interest in purchasing Newcastle United.”