Manchester United prepare for a 3rd takeover bid as they reject £3bn offer from Saudi Royalty. Despite their despair on the pitch United remain one of the biggest football clubs.
It was only six seasons ago that Manchester United won the Premier League. However, considering the state of the club right now, the triumph seems like a distant memory. The club’s success seems like generations ago. This though has not affected the club’s financial value.
The Red Devils, to this day, are one of the most commercially viable club and look likely to remain so for the foreseeable future. The lack of the success on the pitch has hardly affected the club’s earnings and it still remains a safe haven for any one with big bucks to invest in.
So much so, that the club is gathering huge interest from the Royal Family of Saudi Arabia. The supporters of the club have been clamouring for a takeover of the club. Glazers out trends on Social media every year. However, this is one takeover that the fans probably never wished for.
Manchester United prepare for a 3rd takeover bid as they reject £3bn offer from Saudi Royalty
According to Mirror, Manchester United have been the subject of numerous takeover bids from the Crown Prince of Saudi Arabia. Mohammed Bin Salman has already had two bids to take ownership of the club rejected, with the second one reportedly worth over £3 billion.
The Glazer family took over the club in 2003. They have repeatedly made public their desire to not part with the club. However, Co-Owner Kevin Glazer’s recent attempt at selling his 13% stake on the New York Stock Exchange could be an indication that the family may have had a change of heart.
The report adds that despite United’s lack of success on the pitch, the club still has very significant following around the world. The club is said to be worth at least $4b, which happens to be the minimum amount to stand any chance of a successful takeover.
The footballing world has been influenced by the middle east in recent times. Takeovers from Qatar and UAE have transformed mid table clubs such as PSG and Manchester City into their country’s champions. However, both of these clubs have been criticised for buying trophies.
With Manchester United, the club will have no such fear. They already posses the required funds to make world record transfers. However, the club would likely suffer much ignominy after criticising local rivals Man City for relying on their owners for their success.
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