There is currently no stake available to buy in Manchester United amid reported interest from Saudi Arabia, Press Association Sport understands.
By Eleanor Crooks, Press Association Sport
October 21 2018 4:53 PM
There is currently no stake available to buy in Manchester United amid reported interest from Saudi Arabia, Press Association Sport understands.
A report in the Sunday Mirror claimed Crown Prince Mohammad bin Salman is preparing a £4billion for the club, who are owned by the Glazer family.
Rumours have surrounded a potential Saudi offer for the last week, pushing United’s share price to an all-time high on the New York Stock Exchange.
But it is understood that, as things stand, the Glazers are not looking to sell and United have not initiated any discussions, while it has been reported co-owner Avram Glazer has pulled out of an investment forum in Saudi Arabia next week.
United already have business interests with Saudi Arabia, with Saudi Telecom the club’s official integrated telecommunications partner.
The club, meanwhile, signed a memorandum of understanding with the General Sports Authority of Saudi Arabia last year to help develop football industry in the country.
Further investment would therefore be a predictable next step in some ways but the timing would be extremely difficult politically given the fallout from the death of journalist Jamal Khashoggi at the Saudi consulate in Istanbul.
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 earlier this week Brazil and Argentina played a football international in Riyadh.
Golf’s European Tour and WWE wrestling have faced calls to cancel planned events later this year, while tennis stars Novak Djokovic and Rafael Nadal have so far made no comment about whether they will pull out of a scheduled exhibition clash in December.
Press Association
By Mark Mann-Bryans, Press Association Sport The Football Association is awaiting the referee’s report before deciding whether any further action is warranted over the unsavoury scenes on the touchline at Stamford Bridge on Saturday.
Daniel McDonnell Shelbourne want to speak with Drogheda United boss Tim Clancy about the vacant managerial position at Tolka Park.
Miguel Delaney Back in the days when Jose Mourinho used to so imperiously rule everything at Stamford Bridge, and there was rarely ever the need for the kind of emotion seen on Saturday, he had that gloriously…
It was a very busy day of county final action right around…
Leinster were brought crashing down to earth…
There is currently no stake available to buy in…
Carnacon routed Knockmore by 9-10 to 0-4 to retain their Mayo title at Kilmeena.
Brian Cody has an itch that needs scratching. On the…
Katie Taylor retained her IBF and WBA lightweight titles…
Toulouse top Pool One after two game following…
An award-winning film about the life of Ireland’s Katie…
The Football Association is awaiting the referee’s report before deciding…
Shelbourne want to speak with Drogheda…
Chelsea assistant coach Marco Ianni will be asked…
Press conference with Ireland manager Martin O’Neill…
Freddie Flintoff, Jamie Redknapp and Rob Beckett…
Republic of ireland manager Martin O’Neill and…
The Republic of Ireland manager spoke at a press…
England manager Gareth Southgate says he was frustrated by the result but not his…
Republic of Ireland manager Martin O’Neill and…
It was a night of shame for the UFC as fighting…
