Saudi Argues MBS to Acquire Manchester United

Riyadh, MINA – Saudi Arabia denied reports that Crown Prince Mohammed bin Salman (MBS) plans to acquire the Premier League Manchester United Football Club.

“Reports claiming that Crown Prince Mohammed Bin Salman intends to buy Man Utd are not true at all,” said Turki Al-Shabaneh Saudi Arabia Information Minister via Twitter, as quoted from Anadolu Agency (AA).

According to Al-Shabaneh, the English club had a meeting with the Saudi Public Investment Fund (PIF) to discuss sponsorship opportunities.

“No agreement has been reached yet,” he said.

The Sun newspaper previously claimed that MBS was negotiating to take over the club with an offer of £ 3.8 billion (USD4.9 billion)

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Manchester United is a club owned by the Glazer family that also owns the Tampa Bay Buccaneers, an American football team based in Tampa, Florida.

PIF was founded in 1971 to support projects that have strategic interests in the Saudi economy. (T/Sj/P2)

Mi’raj News Agency (MINA)