Time: October 16, 2018
Manchester United, one of the world’s richest football clubs, is reportedly a target for investment by Saudi Arabia.
Media reports in the UK say the Gulf kingdom’s Crown Prince Mohammad bin Salman wants to follow in footsteps of the Abu Dhabi-based owners of Manchester City.
Reports claimed that the crown prince is set to meet with the Glazer family to discuss the matter but it is thought that even if United’s owners were willing to consider selling, it would cost the Saudis more than £3 billion.
Buying into United would be a massive statement by Saudi Arabia but the Glazers’ attitude to selling all or part of the club they have owned since 2005 is unclear, reports added.
Saudi Arabia is reportedly wanting to emulate the success of Abu Dhabi’s Sheikh Mansour who bought Manchester City 10 years ago.
Over the past decade, Mansour has bankrolled a spending spree of around £1.2 billion that ended Manchester United’s reign as the dominant team in town, while turning City into a domestic giant with three Premier League titles, three League Cups and one FA Cup in their trophy cabinet since the takeover