Manchester United not up for £4bn takeover as Saudi Prince seeks £300m Newcastle deal

Saudi prince Mohammed Bin Salman is rumoured to be closing in on a Newcastle United takeover from current owner Mike Ashley. As per recent reports, a £300m deal is in place for PCP Capital led by Amanda Staveley to buy Newcastle United from Mike Ashley. Staveley will have have the backing of Mohammed Bin Salman's Saudi Arabia’s Public Investment Fund, which will take an 80% stake in the club. This means that Manchester United's potential takeover by the Saudi Prince is all but over.

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Manchester United's hopes of a £4bn Saudi takeover are all but over as Mohammed bin Salman closes in on £300m Newcastle deal

Manchester United were rumoured to be on the verge of a takeover by a Mohammed Bin Salman-led group of investors last year. Mohammed Bin Salman had reportedly contemplated the idea of making a £4bn bid to purchase the club from current owners - The Glazer family. However, Manchester United CEO Ed Woodward reiterated that the Glazer family were making long-term plans for the future of the club. The news of the Newcastle United takeover will stop any rumours of a potential sale of Manchester United, at least for now.

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Newcastle United fans cannot wait for Mike Ashley to give up club ownership

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