Saudi Prince Set To Offer £3bn To Buy Manchester United
October 22, 2019
Saudi Crown Prince Mohammed Bin Salman is reportedly ready to ramp up his third attempt to buy Manchester United, with his latest offer valued at over £3 billion.
The club’s current owners, the Glazer family from the United States, completed a controversial takeover of United in 2005, but have struggled to maintain the marquee club’s success and have saddled the club with massive debts.
But Red Devils executive vice-chairman Woodward addressed fans’ concerns during an interview with fanzine United We Stand and claimed the Americans are committed to the club for the foreseeable future.
“With regards to offers or asking prices, my understanding is that there have been no discussions for a price for the club or anything like that.
“Every conversation we have is based on the long-term.
“The debt is a long-term, structured and similar to some other football clubs.
“It’s just under two per cent of our annual revenue each year, so it doesn’t really have any impact on us.
“If you look at the way the approach changed under the Glazers for commercial activity, that has brought in an extra £2.5-£3bn. We have spent a lot of money on players.
“We are financially strong. We are self-sustaining. We don’t have an umbilical cord that we are concerned about.
“There’s negativity about us doing sponsorship deals but they allow us to do things in the transfer market which other clubs struggle to do.
“We absolutely feel we are on the right track to getting back to winning trophies.”
Fans have been frustrated in recent times and are facing their worst start to an EPL season in history.
“I understand the scrutiny; it’s part of the job. And I don’t want to be famous and can’t be mates with the players” Woodward said.
“But we have to do everything we possibly can to get back to winning the Premier League.
“We are not successful until we do. Second is not success – we have to win the Premier League.”
United managed to secure a draw with league leaders Liverpool but still sit in 13th place on the table.