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Manchester Evening News
Manchester Evening News
Sport
Steven Railston

Saudi Arabia's stance on Manchester United takeover

Saudi Arabia Glazers Newcastle PIF

Saudi Arabia have ruled out a state-backed takeover of Manchester United due to their investment in Newcastle.

Newcastle were subject to a Saudi-financed consortium takeover last year 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.

PIF are said to be worth £320billion, which makes them roughly 13-times richer than Manchester City's owners, but they would be unable to buy United from the Glazers because they already control a majority stake in Newcastle.

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