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Saudi crown prince denies £3.8bn Man Utd takeover bid
POSTED 18 Feb 2019 . BY Tom Walker
Reports suggested that bin Salman was looking to table a £3.8bn bid for Manchester United
Saudi Arabia's crown prince Mohammad bin Salman has denied he is planning to launch a takeover bid for English Premier League club Manchester United.

Reports earlier this month suggested that bin Salman was looking to table a £3.8bn bid and take control of the club from its current owners, the Glazer family, which has been involved in the club since 2003.

The rumours were fuelled after a number of United chiefs travelled to Saudi Arabia.

The prince denied the deal in a statement issued via Turki Abdullah Al-Shabanah, the minister of media for Saudi Arabia.

"Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on buying Manchester United are completely false," the statement reads.

"Manchester United held a meeting with the Public Investment Fund (Saudi Arabia's sovereign wealth fund) to discuss sponsorship opportunities. No deal has been materialised."
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Get HCM digital magazine and ezines FREE
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Jobs    News   Products   Magazine
NEWS
Saudi crown prince denies £3.8bn Man Utd takeover bid
POSTED 18 Feb 2019 . BY Tom Walker
Reports suggested that bin Salman was looking to table a £3.8bn bid for Manchester United
Saudi Arabia's crown prince Mohammad bin Salman has denied he is planning to launch a takeover bid for English Premier League club Manchester United.

Reports earlier this month suggested that bin Salman was looking to table a £3.8bn bid and take control of the club from its current owners, the Glazer family, which has been involved in the club since 2003.

The rumours were fuelled after a number of United chiefs travelled to Saudi Arabia.

The prince denied the deal in a statement issued via Turki Abdullah Al-Shabanah, the minister of media for Saudi Arabia.

"Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on buying Manchester United are completely false," the statement reads.

"Manchester United held a meeting with the Public Investment Fund (Saudi Arabia's sovereign wealth fund) to discuss sponsorship opportunities. No deal has been materialised."
RELATED STORIES
Saudi Arabia to fund US$1bn sport city in Iraq


The government of Saudi Arabia has pledged to fund the construction of a US$1bn "sports city" close to the Iraqi capital city Baghdad.
Premier League football a 'significant generator' of inbound tourism


The English Premier League (EPL) is a major driver of inbound tourism into Britain – especially when it comes to sports fans from long-haul destinations.
Manchester United planning to install 'safe-standing' section at Old Trafford


Premier League giants Manchester United have tabled plans to create a safe-standing area at its Old Trafford stadium.
Deloitte: Real Madrid beats Barcelona and Man Utd to 'world's wealthiest club' status


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Les Mills calls on the industry to support UNICEF
Global group exercise specialist, Les Mills, is inviting operators to sign up to its Workout for the World event on 20 June, in support of UNICEF.
HUM2N opens longevity clinic at Six Senses London
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider, HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
KX Chelsea invests £15 million to upgrade its wellness offering
Premium London health club, KX Chelsea, will imminently unveil its most significant redevelopment since its launch in 2002 to create an integrated wellness model combining training, recovery and relaxation.
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