Saudi Arabia Crown Prince Mohammed Bin Salman is no longer considering a £3.8b billion takeover of Manchester United. www.insideworldfootball.com reports.
The Glazer family, United’s American owners who bought the club for £790 million in May 2005, have apparently flatly refused to sell .
The Saudi royal family have long been rumoured to want to by United and take them back to the top of European game a la Manchester City who are backed by Abu Dhabi-based Sheikh Mansour.
But back in February bin Salman’s media minister insisted talk of any takeover was “completely false”.
Meanwhile, United boss Ole Gunnar Solskjaer has urged the United fans stay patient following last weekend’s draw with Chelsea which all but ended United’s hopes of clinching a spot in next season’s Champions League.
“You can’t say that we haven’t invested enough money. If you look at the money that’s been spent, the owners have invested loads of cash – and will continue that,” he said.
“But you can’t change the team in one transfer window. It isn’t going to happen overnight. We are all realistic enough to see where we are and you just don’t go bang and move from 70 points to 90 points. Liverpool didn’t do that and City didn’t do it. “They got to where they are by stability, consistency and steady investment.”
Meanwhile, Manchester United’s value has dropped below that of Manchester City for first time.
Manchester United may have generated £90 million more in revenue than Manchester City in the 2017/18 financial year (£590 million vs £500 million), but City have overtaken their red rivals and are currently worth almost £275 million more as a club.
The club valuation figures come from an analysis of Premier League clubs by the University of Liverpool’s Centre for Sports Business. The valuations also show that Spurs are currently worth more £222 million than Liverpool and Chelsea who are valued equally.
The two Manchester club valuations both break the £2 billion mark (City: £2.364 billion, Utd: £2.087 billion).