Saudi Crown Prince Mohammed bin Salman does not intend to buy Manchester United, the British government said, although the latter has confirmed that its sovereign wealth fund has held partnership talks with the country's most successful team. English football.
United, quoted in New York, was valued at about $ 4 billion (3.1 billion pounds sterling) and The Sun announced that Prince Mohammad was preparing to step up his interests for a takeover £ 3.8 billion.
The crown prince was at the center of a global outcry last year after the death of writer Jamal Khashoggi, who was killed inside the Saudi Arabian consulate. in Istanbul. This put United's already close ties with the Saudi government under surveillance.
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Speculation has increased about Saudi's 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 himself the country of a takeover of one of the biggest sports brands.
"The information that HRH Crown Prince Mohammed Bin Salman intends to buy Man United is completely false," Al-Shabanah said from a verified account.
United belongs to the Glazer family, which also owns the NFL Buccaneers in Tampa Bay. The Glazers bought United in 2005 and remained in control after placing part of the 20-time English champion record on the New York Stock Exchange in 2012.
Al-Shabanah tweeted that United had organized a meeting with the Saudi sovereign wealth fund "to discuss sponsorship opportunities. No agreement has been reached. "
The club did not comment on reports of Saudi Arabia's takeover interest before the minister's denial.
The Glazers have made United one of the biggest revenue generators of football. The club had revenues for the fiscal year ranging from 615 million pounds ($ 794 million) to 630 million pounds ($ 813 million).
In 2017, United teamed up with Saudi Arabia's Vision 2030 – a crown prince's plan to dispel the kingdom's dependence on oil.
The badbadination of Khashoggi cast a shadow over Saudi international trade relations. Khashoggi, who had written critically about the prince in the Washington Post, went missing in October.
After denying for several weeks that Khashoggi had been killed at the consulate, Saudi Arabia indicted 11 people, including several officials close to the Crown Prince. The kingdom denies that the Crown Prince had knowledge of the plot.
AP
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