- Saudi Arabia’s sports minister said to BBC that Saudi Arabia will support private bids to buy Liverpool FC and Manchester United FC.
- American owners of Man United, The Glazer Family, are considering a sale of the club.
- Newcastle United FC is currently owned by a consortium that includes Saudi Arabia’s Public Investment Fund.
Saudi Arabia’s sports minister stated that the government will support private bids for soccer clubs in the Kingdom, such as Liverpool and Manchester United.
“We will support it if any of the private sectors comes in, because that’s going be a positive reflection on all sports within the kingdom,” Prince Abdulaziz Bin Turki Al Faisal said. BBC SportOn Thursday.
Manchester UnitedAccording to WednesdayIt’s looking at “strategic alternative” options, including a sale of the club or new investments. The club is currently owned US-based Glazer family.
Liverpool FCFenway Sports Group had also placed the item up for sale a few days earlier.
BBC Sport’s Prince Abdulaziz said that he was unable to speak on behalf the private sector. However, “if there’s an investment willing to do so, and the numbers add, why not?”
Saudi Arabian has a long history of investing in English soccer clubs. Saudi Arabia’s Public Investment Fund led the purchase of this consortium Newcastle United FCIn October 2021, $409 million
Liverpool and Manchester United are some of the most valuable sporting teams in the world. ForbesManchester United’s value is around $4.6 billion while Liverpool’s is approximately $4.45 trillion. Both are part of the English Premier League which makes a lot of money from broadcast rights.
According to an August report by accounting giant, the English Premier League’s revenues are expected to reach 6 billion British Pounds, or $7.27 Billion, between August 2022-May 2023. Deloitte.
Prince Abdulaziz stated to the BBC that there was a lot interest in football and that there is plenty of appetite.
