With pressure mounting on the Manchester United owners, Newcastle fans were starting to worry that a Saudi-backed takeover could be on the cards.
However, the Manchester Evening News claim this is not the case. They report that a Saudi-backed takeover is ‘not on the table’ at Old Trafford.
The backlash towards the European Super League is continuing.
Despite the proposal collapsing on Tuesday night, fans of the clubs involved are still angry at what their owners tried to do.
There have been protests at Manchester United’s training ground, as fans look to put pressure on the Glazers.
In 2018, Forbes valued Manchester United at more than £3billion. That’s why a takeover at Old Trafford is so difficult.
Saudi Arabia’s Public Investment Fund certainly have that kind of wealth, but the MEN claim that there is no takeover on the horizon.
There were rumours of a Saudi-backed takeover of Manchester United back in 2019. This came after Red Devils director Richard Arnold met a Saudi delegate, according to the MEN. But the rumours never got further than paper talk.
However, that hasn’t stopped some Toon fans worrying that their prospective buyers could move on to Manchester United.
With the Newcastle takeover at the arbitration stage after collapsing last year, it is still uncertain whether or not PCP Capital Partners will be able to buy the Magpies.
As the uncertainty continues, the Toon Army will ponder what may happen in the coming months.
But despite fan concerns, there seems to be no chance of a Saudi-backed takeover at Manchester United. However, there is still chance of one happening at St James’ Park.
Toon fans worried about Saudi bid for Manchester United
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