A £4 Billion Takeover Bid Set To Be Made For Manchester United Football Club
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If reports are to be believed, Saudi Arabian prince Mohammad bin Salman is preparing a massive £4billion bid to buy Manchester United Football Club. You did read that correctly - FOUR BILLION POUNDS.
Salman, who is worth £850 billion, is ready to takeover at Old Trafford and will test the resolve of current owners Avram and Joel Glazer by potentially offering them a profit of £2.2 billion if the takeover goes through, according to The Mirror.
The Glazer family, of course, originally purchased Manchester United for £790 million.
Since the Glazers acquired Manchester United in 2005, the club has borrowed £2,245,000,000 and repaid £1,798,000,000. pic.twitter.com/2Iz5nMPuyp- PriceOfFootball (@KieranMaguire) October 21, 2018
But the bid was surrounded by huge debts, something that caused huge controversy when they arrived in 2005 as fans protested against the takeover.
The Mirror go on to report that Avram Glazer was due to fly to Riyadh this week for an 'international forum' but has since pulled out of the engagement.
Manchester United co-chairman Avram Glazer has pulled out of attending a major global investment conference in Saudi Arabia next week. He joins a long list of business leaders and politicians who have decided not to attend after the killing of Saudi journalist Jamal Khashoggi- Kaveh Solhekol (@SkyKaveh) October 20, 2018
Forbes have valued Manchester United at around £3.2 billion, but Mohammed bin Salman is ready to add a further £800 million on to that valuation.
It could certainly give Jose Mourinho's side further funds in the upcoming transfer markets, but would a takeover be a good thing at Old Trafford?
Interesting to know the Crown Prince of Saudi Arabia Mohammed Bin - Salman who is interested to buy European giants Manchester United at a price of £4 billon whilst the whole Salman family has a net worth of £850 billion which is 85 times the net worth of Chelsea owner, Abramovic pic.twitter.com/WRPHFPzpe4- Fareed Ander Herrera (@Fareed_herrera) October 15, 2018
Manchester United are set for a stunning takeover bid as Saudi Arabia's Crown Prince prepares a £4billion offer for the club. Mohammad bin Salman, reportedly worth £850billion, has emerged as holding an interest in the Red Devils over the past couple.. https://t.co/YstJLVa3DK- Full Time (@fulltimewh) October 21, 2018
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