Manchester United share prices rise five per cent amid Saudi Arabia's Crown Prince Mohammad bin Salman takeover talks

As SunSport reported today, Mohammed bin Salman is due to meet Red Devils co-owner and co-chair Avram Glazer in the kingdom.

The Prince’s family is worth around £850bn and he wants to take on Middle East rivals like the Abu Dhabi-based owners of Manchester City.

He is interested in supporting a Saudi purchase of a major stake in the Old Trafford giants worth £3bn or even a full takeover.

The Glazers, who bought United in 2005, have yet to comment.

But the news saw shares in the Premier League club rise over five per cent at one stage earlier today on Wall Street.

Any Saudi-led approach would have to be done through the Glazers and representatives due to the structure of the club’s 2012 listing giving little away in terms of voting rights.

The American family own 97 per cent of United.

RICH PICKINGS All you need to know about potential United buyer Mohammad bin Salman

The Red Devils had a market value of £2.7bn prior to Monday’s session.

But any takeover deal will now likely cost potential buyers far more than that sum.

Sky Sports News have since claimed any bid for the twenty-time champions would have to be more than £4bn to even be considered.

Last month United stated in its full-year results they were expecting another period of record revenue in 2018/19.

That forecast comes amid the poor start to the season that has led to manager Jose Mourinho coming under huge pressure.


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