Turki Alshabanah, the Saudi Arabia’s Information Minister, said that the club held a meeting with the Public Investment Fund to discuss an advertising sponsorship project, and the Fund listened to the proposals as any investment and did not produce any results.
Monday 18, February 2019
(Bloomberg) --Saudi Arabia has dismissed a UK newspaper’s report that Crown Prince Mohammed bin Salman is seeking to acquire Manchester United and is tempting the Glazer family to cede control of the Premier League soccer team.
The Sun reported that the Crown Prince first made a bid for the team in October last year, but the diplomatic row that followed the murder of journalist Jamal Khashoggi derailed the $4.9 billion offer. The minister stated that the Sun misunderstood why there has been recent contact with the football club.
Turki Alshabaah, said, “The report is not true.”
Manchester United is controlled by the Glazer family, owners of the NFL’s Tampa Bay Buccaneers. They bought the England soccer club in 2005 in a controversial acquisition heavily financed by debt and, in 2012, listed it in New York.