web analytics
Tuesday , May 26 2020
Home / NEWS / A potential change of ownership brews over one of Britain’s most successful clubs Manchester United

A potential change of ownership brews over one of Britain’s most successful clubs Manchester United

Saudi Crown Prince Mohammed Bin Salman is rumoured to be interested in buying the club and will host representatives from Manchester United in late November to discuss a deal.

Discontent with the Glazer family in charge of the club refuses to go away and renewed interest from the Middle East may be a tempting route out.

The Glazer brothers have endured a difficult tenure as United owners.

And a United delegation will travel to the Future Investment Initiative organised by the Saudi royal family’s sovereign wealth fund later in the month.

According to The Transfer Window podcast’s Duncan Castles, the Glazers have attended in the past with it a huge event for investors worldwide.

Ultimately the decision lies with the Glazers on whether they will sell the club, which is valued at over £2billion (A$3.7bn) by the New York Stock Exchange.

But the interest from Arabia is said to be long standing with Crown Prince Bin Salman possessing controlling part of the royal family’s £1trillion ($1.8tr) fund.

Image result for Bin Salman photos
Saudi Crown Prince Mohammed Bin Salman has the resources to buy Man United at the current stock exchange rates.

About Yusuf Mwesigwa

Check Also

ABSA BANK UGANDA LICENSED BY BANK OF UGANDA

ABSA GROUP AFRICA’S BEST DEVELOPING INVESTMENT BANK GETS LICENCE AS ABSA BANK UGANDA Welcome to …

Leave a Reply

Your email address will not be published. Required fields are marked *