Multiple reports have emerged that the Glazers are about to sell Manchester United to investors from Saudi Arabia. According to Moaid Mahjoub, who is a director of government affairs, as his LinkedIn profile suggests, Saudi investors have completed the takeover of the club and the announcement will be made any time now, report agencies.
Manchester United’s owners, the Glazer family, will reportedly only sell the club if they receive a massive financial offer in the region of £4billion.
The Red Devils’ supremos have been tipped to sell up with talk of a mega-money Saudi Arabia takeover from Mohammed bin Salman refusing to die down.
Manchester United chief Richard Arnold has been pictured in the Middle East this week, posing with officials who even gave him his own Saudi jersey.
The Athletic say it’s currently unknown where the potential takeover is at amid all the speculation.
But it’s claimed they would only sell for a huge amount, potentially exceeding £4billion.
That would make any takeover the highest in Premier League history, dwarfing the £790million the Glazers paid to take control of the club in 2005.
Fenway Sports Group paid £280m to acquire Liverpool in 2010 and, two years before that, Sheik Mansour completed a £210m takeover of Manchester City.
Roman Abramovich paid £140m to take control of Chelsea in 2003, with the Russian then changing the landscape of English football.
And West Ham cost David Sullivan and David Gold just £52.5m when they acquired the club nine years ago.
Meanwhile, United chief Ed Woodward was recently asked about the Glazers and whether they had plans to sell.
