Manchester United’s hope of a £4bn Saudi takeover are all but over as Mohammed bin Salman closes in on £300m Newcastle deal
Manchester United‘s chances of being bought by Saudi Crown Prince Mohammed bin Salman appear to be all but over in light of his move to buy Newcastle.
The Saudi Royal was strongly linked with an Old Trafford takeover in October 2018, with an astonishing £4billion.
But on Tuesday, it emerged that a £300m deal for Amanda Staveley to buy Newcastle from Mike Ashley is in place, with Staveley having the backing of Salman’s Saudi Arabia’s Public Investment Fund, which will take an 80 per cent stake.
Manchester United were first linked with a Saudi takeover back in October 2018
Staveley is also backed by UK-based property developers the Reuben brothers.
But the Bin Salman has frequently been linked with an interest in buying United off of the Glazer family and those connections have not died down since news of the initial interest broke 18 months ago.
In November 2019, United’s director Richard Arnold was pictured on social media meeting Saudi delegates in the country but it was downplayed that the meeting had any connection to a takeover.
