Saudi Crown
Prince Mohammed bin Salman is set to buy Newcastle for £300m putting an end to
Manchester United’s hopes of a £4billion buy by the Saudi Prince according to a
new report by the Daily Mail UK.
Bin Salman
was strongly linked with buying Manchester United in October 2018 and the
rumors increased in the summer when fans started online campaigns protesting
against Manchester United’s American owners the Glazier brothers.
But on
Tuesday, a £300m deal for Amanda Staveley to buy Newcastle from Mike Ashley was
put in place, with Staveley having the backing of Salman’s Saudi Arabia’s
Public Investment Fund, which will take an 80 per cent stake in the club.
In November
2019, Manchester United’s director Richard Arnold was pictured on social media
meeting Saudi delegates in the country but denied that the meeting had any
connection to a Saudi buy then United chief executive Ed Woodward told club
fanzine ‘United We Stand’ that the Glazers were planning far into the future at
Old Trafford.
‘Based on
what I see, they’re in it for the long-term,’ Woodward said. ‘With regards to
offers or asking prices, my understanding is that there have been no
discussions for a price for the club or anything like that.
‘Every
conversation we have is based on the long-term.’
If Bin Salman
completes the buying of Newcastle, it will put an end to Mike Ashley’s
unpopular 13-year reign as Newcastle owner.
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