Saudi Crown Prince Mohammed bin Salman does not intend to buy Manchester United, the kingdom's government said, while confirming its sovereign wealth fund held sponsorship talks with English football's most successful team. New York-listed United has been valued at around $4 billion and British newspaper The Sun reported Prince Mohammad was stepping up a bid over the weekend. The crown prince was at the center of a global outcry last year over the death of writer Jamal Khashoggi, who was killed inside the Saudi consulate in Istanbul. That put United's already-close links with the Saudi government under scrutiny. Speculation has grown about Saudi interest in United since the club signed a "strategic partnership" with the kingdom's General Sports Authority in 2017. But Saudi media minister Turki Al-Shabanah has distanced the country from a takeover of one of the biggest brands in sports. "Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on buying @ManUtd are … [Read more...] about Saudi Arabia says crown prince doesn’t plan to buy Man United
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How to buy Manchester United shares
The news of Jose Mourinho's sacking saw Manchester United share price rise by 4.2%. For fans of one of football's biggest and richest clubs the idea of share prices, dividends to the owning family the Glazers and commercial performance are antithesis to the values held by true supporters. Football is big business and very few clubs around the world offer fans the chance to own shares in their beloved club. Manchester United are one of them - but should fans actually buy shares in the club? From August 2019 Sky will show 128 Premier League matches at a price of £3.75bn, while BT add a further £975m to that pot. Amazon is the latest media giant to join the party, with 20 matches being live streamed for an undisclosed fee and the potential for bigger worldwide streaming deals indicates the bubble is not about to burst for Manchester United just yet. The club has vast commercial revenue of £590m still outstripping that of Manchester City according to the latest accounts. … [Read more...] about How to buy Manchester United shares
Manchester United face £4billion takeover bid from Saudi prince
Manchester United could be sold for a massive £4billion with Crown Prince Mohammad bin Salman preparing a huge bid for the club. The Saudi is worth £850bn and is hoping to meet the Glazers over the next few weeks to discuss a deal. Avram Glazer was due to fly to the Middle East this week but decided against it due to the ongoing political row involving Saudi Arabia. United's owners know the Crown Prince has been caught up in the row over the death of journalist Jamal Khashoggi, report the Mirror. But Bin Salman will not be put off his bid to take control at Old Trafford, although the Glazers are likely to want a solution to his personal problems before entering into any sort of dialogue. The Glazer family, who bought United in 2005, will bank a massive profit of £2.2bn if a deal is done. Their £790 million purchase was heavily leveraged in debt – a factor that has never made them popular with the Old Trafford fans. Despite denials that they are prepared to … [Read more...] about Manchester United face £4billion takeover bid from Saudi prince
The Glazers sent message amid Manchester United takeover rumours
The Glazers have no plans to sell Manchester United - but that has not stopped fans getting excited about the prospect of a takeover bid. Reports in the national press have claimed that Saudi Arabia's Crown Prince, Mohammed bin Salman, is interested in buying the club. Talk of a takeover bid saw United's share price on the New York Stock Exchange rise by more than five per cent on Monday, but it is understood the Glazers have no interest in selling the club. Indeed, there is a rather innocent explanation for Avram Glazer going along to the Future Investment Initiative conference in Riyadh next week and his attendance was confirmed on the Initiative's website back in August. The conference, hosted under the leadership of the Crown Prince, 'serves as a platform to drive expert-led debate, discussion and partnerships among the world's most visionary and influential leaders in business, government and civil society'. It is worth remembering that United have longstanding links with Saudi … [Read more...] about The Glazers sent message amid Manchester United takeover rumours
Manchester United share prices reach all time high on stock exchange
Manchester United's share prices have rocketed to a record high of £18.50 per share. While there has been plenty of negative off the field reports following a disappointing result against Brighton, it's clearly not affecting United's price on the stock market. United's financial worth has reached a record high and the club is now valued at £3.1billion. The news will no doubt be welcomed by executive vice chairman Ed Woodward and club owners the Glazers; the latest figures released show that, since the end of July, shares have gone up nearly 14 per cent to $24 (£18.50). All the while, Woodward has come under scrutiny from former players and pundits for not backing Jose Mourinho in the transfer window by bringing in the signings the United boss requested. "If Ed Woodward was going to doubt Jose Mourinho, then the time to be doubting him was last January," Neville said on Monday Night Football. "The minute he gave Jose Mourinho a contract extension — which some … [Read more...] about Manchester United share prices reach all time high on stock exchange