Tabloids get wrong story, as £3.8bn Man Utd takeover statement emerges Saudi Arabia crown prince Mohammed Bin Salman has denied reports that he intends to buy Manchester United. The crown prince was said to be launching a £3.8billion offer to take control of the Premier League club, according to weekend reports. The Sun, the Daily Mirror and the Daily Mail all carried stories suggesting United were the subject of a takeover bid with the Mail claiming they had “received a whopping £3.8billion takeover bid” from the Saudi moneyman. But the kingdom’s media minister, Turki al-Shabanah, wrote on Twitter: “Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on buying @ManUtd are completely false. “Manchester United held a meeting with @PIFSaudi to discuss sponsorship opportunity. No deal has been materialized.” United’s American owners, the Glazer family, bought the club for £790million almost 14 years ago. Press Association Sport reported in October that United’s owners have no intention of selling any stake in the club. United already have business interests with Saudi Arabia, with Saudi Telecom the club’s official integrated telecommunications partner. The club also signed a memorandum of understanding with the General Sports Authority of Saudi Arabia last year to help develop football industry in the country. The crown prince has shown a big appetite for bringing sporting events to his country over the past couple of years, including motor sport and boxing, while Brazil and Argentina played a football international in Riyadh last October. Get the latest personalised Red Devils products on our new TEAMtalk Man Utd shop! The post Tabloids get wrong story, as £3.8bn Man Utd takeover statement emerges appeared first on teamtalk.com.

Saudi Arabia crown prince Mohammed Bin Salman has denied reports that he intends to buy Manchester United.

The crown prince was said to be launching a £3.8billion offer to take control of the Premier League club, according to weekend reports.

The Sun, the Daily Mirror and the Daily Mail all carried stories suggesting United were the subject of a takeover bid with the Mail claiming they had “received a whopping £3.8billion takeover bid” from the Saudi moneyman.

But the kingdom’s media minister, Turki al-Shabanah, wrote on Twitter: “Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on buying @ManUtd are completely false.

“Manchester United held a meeting with @PIFSaudi to discuss sponsorship opportunity. No deal has been materialized.”

United’s American owners, the Glazer family, bought the club for £790million almost 14 years ago.

Press Association Sport reported in October that United’s owners have no intention of selling any stake in the club.

United already have business interests with Saudi Arabia, with Saudi Telecom the club’s official integrated telecommunications partner.

The club also signed a memorandum of understanding with the General Sports Authority of Saudi Arabia last year to help develop football industry in the country.

The crown prince has shown a big appetite for bringing sporting events to his country over the past couple of years, including motor sport and boxing, while Brazil and Argentina played a football international in Riyadh last October.

Get the latest personalised Red Devils products on our new TEAMtalk Man Utd shop!

 

The post Tabloids get wrong story, as £3.8bn Man Utd takeover statement emerges appeared first on teamtalk.com.

Matthew Briggs