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Manchester Evening News
Manchester Evening News
Sport
Steven Railston

Amanda Staveley asked if PIF could sell Newcastle to buy Manchester United

Amanda Staveley Newcastle Manchester United PIF Ten Hag Glazers Saudi Arabia

Saudi Arabia are not in the running for a state-backed takeover of Manchester United due to their investment in Newcastle.

Newcastle were subject to a Saudi-financed consortium takeover in 2021 with the country's sovereign wealth fund, Public Investment Fund (PIF), purchasing an 80 per cent stake to become majority shareholders at St. James' Park.

The Glazers have received two formal proposals, from Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe, to acquire United, but reports elsewhere have suggested that investment from Saudi Arabia could be possible.

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