Man United Braces Up For Another £3b-plus Takeover Bid From Saudi Crown Prince Mohammed Bin Salman (MBS)

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MANCHESTER UNITED are reportedly preparing for another takeover bid of more than £3billion from the Saudi Royal Family.

It is believed two offers have already been rejected out of hand by the Glazer family, who own the club.

But last week SunSport exclusively revealed that co-owner Kevin Glazer is prepared to sell his 13 percent stake in the club.

He has converted his B shares into A shares, which in layman’s terms means they are available on the New York Stock Exchange.

The 20,899,366 A shares now owned by the Kevin Glazer Irrevocable Exempt Family Trust are worth about £270m at the current price.

Kevin has also declared control, via KEGT Holdings, of a further 3,765,392 A-shares, worth close to £50m.

And now The Mirror is reporting Crown Prince Mohammad Bin Salman is ready to go back in again for an Old Trafford takeover.

It will just mean the small matter of convincing Avram, Joel, Bryan, Edward and Darcie Glazer to cash in their stakes.

The American Glazer family purchased United for £790million almost 14 years ago but saddled the club with huge debt.

But despite United’s stock tumbling from around $20 to $16 in the last year, the club is still valued at more than £3billion now.

SunSport first reported the Saudi interest back in October 2018, and that buying the club outright was the top choice.

But the skids were put on a potential offer after the Crown Prince became embroiled in the diplomatic row after journalist Jamal Khashoggi was killed.

And the Glazers have still not publicly said that they are willing to entertain offers for the club.

Bin Salman is the power behind the throne of one of the most important nations in the Middle East.

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