Manchester United is a target for Saudi Arabia prince, who wants to make huge investment worth £850bn for the club to take on Middle East rivals like Abdu Dhabi-based owners of Manchester City. The Citizens’ owners acted similarly when selling 13 per cent of the City Football Group to a Chinese consortium in 2015.
Saudi Arabia has already made investments in sport through deals with F1 and WWE and now it’s time for football.
It has been noted that co-chairman Avram Glazer has been spending significant amounts of time in Saudi Arabia recently. United already have a strategic partnership with Saudi Arabia’s General Sports Authority to help develop football there as part of the Crown Prince’s 2030 Vision project to change the country.
Saudi Arabia has already invested in global brands like Uber and Tesla, but buying into United would be its highest-profile move to date.