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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Solskjaer might have already ended some Manchester United careers
Ole Gunnar Solskjaer continues to mimic Sir Alex Ferguson right down to the edgy finales in Manchester United's recent wins. Whatever Norwegian is for 'we don't make it easy for ourselves', Solskjaer may have uttered it away from the cameras, for he has noticeably toned down his deference to Sir Alex Ferguson since that potentially defining day at Wembley last month. Solskjaer is a shoe-in to be named United's first manager of the month since October 2012 and, in the dewy eyes of most supporters, become the permanent manager. Solskjaer has presided over nine wins and a draw in his first six weeks and will have a clearer idea about whether to upgrade from renting to buying at the end of the next six. United play Paris Saint-Germain twice, travel to Chelsea and Arsenal again, host Liverpool and possibly Manchester City, depending on the fixture schedule. Whether it is City, an FA Cup quarter-final or - perish the thought - a vacant weekend of March 16, Solskjaer's first quarter provides … [Read more...] about Solskjaer might have already ended some Manchester United careers
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
Robbie Neilson: Takeover talk shows Dundee United stock remains high
Sport / Dundee United by Tom Duthie December 13, 2018, 10:30 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Sport newsletter Robbie Neilson is happy to take a back seat when it comes to takeover talk but he knows one thing – it’s better than having to face up to the fact your club may soon no longer exist. United fans are awaiting news of a proposed buy-out at Tannadice by American businessmen. While that’s been hitting the headlines over the past week or two, the manager has been concentrating on preparing his team for each coming game. Having been at Hearts when they were in administration a few seasons back, he knows he’s been in worse situations. “I’ve been through that extent when you see people being laid off which isn’t nice, so to have it that somebody wants to come in and actually buy the club is great,” he said. “It shows the stock of the club is still extremely high. It’s just wait and … [Read more...] about Robbie Neilson: Takeover talk shows Dundee United stock remains high
Manchester United’s value drops £300m as share price plummets
Manchester United’s share price has suffered its biggest fall in over a year, with more than £300million wiped off the club’s value on the New York Stock Exchange. The club’s share price dropped 8.68 per cent on Tuesday, from $19.92 a share at the start of the day to $18.19 at the end, its lowest point since October 2018. United’s shares reached their highest-ever price of $27.70 in August. The downturn in the months since is understood to be due to a volatile market and part of a wider decline in similar stocks. Over the past month, the club’s share price has fallen by 14.5 per cent. By comparison, the Formula One Group’s price fell by 14.4 per cent in the same period, while Netflix saw a 19.7 per cent drop. United announced their latest financial results last week, reporting revenues of £135m for the first quarter, down by 6.1 per cent on the previous year. The decline was attributed to United’s shorter pre-season tour and … [Read more...] about Manchester United’s value drops £300m as share price plummets