After 17 years, Manchester United could change ownership and Saudi Arabia is on the list of potential buyers. Since Manchester United owner’s statement of the board going through the process and deciding to consider different strategic alternatives, several potential buyers surfaced, including Saudi Arabia.
Saudi Arabia’s Minister of Sports, Prince Abdulaziz bin Turki Al Faisal, pointed out that the state would support a private investor for the ownership of Manchester United.
Prince Abdulaziz’s interest in the “English giant” stemmed from the excessive preoccupation of the Arab nation with the Premier League. In Saudi Arabia, but also in the region, the Premier League is the most watched, so this country will be more than open to investments in the club from Old Trafford.
Saudi Arabia’s Minister of Sports in his interview pointed out: “We will definitely support it if any private sector appears because we know that it will have a positive impact on sports in the kingdom. But if there is an investor who is willing to do it and the numbers add up, why not?”
However, Man Utd, a club with 1.1 billion fans and followers worldwide, will not be sold easily.
The American owners want a huge sum of money to part with Manchester United, which is reasonable. Winning a record 20 League titles, 5 League cups, and 12 FA cups, the team is one of the most feared teams in the world. On this page, you can find recent performances and future progressions of Manchester United, which prove that the team is an attractive investment opportunity.
The current value of United is estimated at around 5 billion pounds. But it should be emphasized that the club also fell into debt as a result of the distribution of dividends to shareholders. You and news about Manchester United can be found on this link.
Manchester United shares offered to Saudi Arabia
Even before Saudi Arabia’s Public Investment Fund (PIF) bought Newcastle United, it was offered 30% of Manchester United. But no agreement was reached. Considering that the price was too high (700 million pounds), the PIF Governor considered the idea unsustainable.
PIF Governor Yasir Al-Rumayyan pointed out the following: “There was a team in Great Britain who approached us on the basis that we would take 30% ownership and not interfere at all in the management of the club, for 700 million pounds.”
After the Manchester United owner’s announced the plan to look for “strategic alternatives” that include new investments in the club, or sale, Manchester’s share prices rose. According to the assessment of financial expert Kieran Maguire, the club’s shares jumped by as much as 17 percent or about 336.4 million pounds.
Saudi Arabia will have strong opponents interested in Man United
Two technological giants, Amazon and Facebook, could be the biggest threats to Saudi Arabia for the purchase of Manchester United. But for this Asian country, they are not the only ones standing in line.
In addition to them, the 70-billionaire Sir Jim Ratcliffe, who expressed his interest in buying Manchester United back in August, also expressed his interest. Many fans of the British club see Sir Jim Ratcliffe as the man who will dig United out of the mud in which the Glazers dragged it.
There are plenty of other millionaires who would like to take over Manchester United. However, as things stand at the moment, Man Utd will not be the only club on the market. Liverpool has entered the market as well and we shouldnt be surprised to see some of the potential Man Utd buyers, place a bid for the ownership rights of Liverpool as well. The auction for the sale of the British club will be held in parallel with the sale of Liverpool.
When Fenway Sports Group, the Liverpool owner, announced that it would sell all or part of the ownership of the club, Saudi Arabia expressed interest in this offer as well.
Sports Minister Abdulaziz bin Turki Al Faisal has at his disposal two great clubs from the Premier League, United, and Liverpool, and he wants one or both of them to fall under the ownership of Saudi Arabia.
Is Christiano Ronaldo going to Saudi Arabia along with Manchester?
The Portuguese and international superstar, Cristiano Ronaldo, as recently published by the Spanish newspaper MARCA, received an offer from Saudi Arabia last year when he first thought about leaving Manchester.
However, the five-time winner of the golden ball rejected Saudi Arabia’s offer worth 242 million euros (for two seasons), to continue the fight for significant titles and to further increase success in the Champions League.
According to MARCA, now there are signs that Ronaldo’s next destination will be Al-Nassr from Saudi Arabia. We emphasize that we are talking about a soccer nation that stood out at the World Cup by winning against Argentina.
The Portuguese will decide whether he will take an important step and leave Europe. Considering that not every club is ready to meet Ronaldo’s salary demands, Saudi Arabia will have a great chance to attract this 37-year-old superstar.
Maybe the player’s former club, Manchester United, will follow in his footsteps if an Arabic private investor is strong enough to buy it. What is certain is that the Minister of Sports, Prince Abdulaziz bin Turki Al Faisal, will support anyone interested in buying The Red Devils.