Saudi prince denies interest in Man Utd takeover of £ 3.8 billion



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Saudi Arabia Press Secretary Crown Prince Mohammed bin Salman has denied the information linking him to a Manchester United takeover worth 3.8 billion pounds.

Rumors of his interest have resurfaced over the weekend, although reports suggest the Glazers are not looking to sell.

US owners of United bought the club for £ 790m in May 2005.

"The information claiming that HRH Crown Prince Mohammed bin Salman intends to buy Manchester United are completely false," Turki al-Shabanah said.

Manchester United held a meeting with PIF [ Public Investment Fund] Saudi to discuss a sponsorship opportunity. No agreement has materialized. "

Prince bin Salman, 33, was appointed Crown Prince of Saudi Arabia in June 2017.

Saudi Arabia was sentenced for its human rights record and was subjected to scrutiny after the death of journalist Jamal Khashoggi at the Saudi Embbady last year.

In October, Manchester United has withdrawn from an investment forum in Saudi Arabia in the aftermath of the aftermath of Khashoggi's death.

The Old Trafford Club recorded a record turnover of £ 208.6m for the second quarter of 2018 and a profit before interest, taxes, depreciation and amortization of £ 104.3m.

However, reports suggest that the takeover of the Glazers nearly 14 years ago cost the club more than a billion pounds.

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