Saudi Arabian sports minister Prince Abdulaziz bin Turki al-Faisal has ruled out a PIF-backed move for Manchester United. News has emerged this week that the unpopular Glazer family could be heading for the Old Trafford exit.
A leveraged buyout in 2005 - which saw the Red Devils lumbered with £550million of debt - proved a disaster with supporters from day one. Vitriolic protests halted a clash against Liverpool last year and more anger was vented at the American family over the summer.
The Glazers released a statement earlier this week hinting at an end to their 17-year reign. It read: "The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers," the Glazers said in the statement. “As we seek to continue building on the club’s history of success, the board has authorised a thorough evaluation of strategic alternatives.
