Saudi Arabian journalist Moaid Mahjoub has claimed Manchester United have been purchased by an unnamed ‘Saudi Arabian’ investor.
Majoub claims the deal was agreed yesterday and posted on his LinkedIn page to ponder when the club wold make the announcement official.
Majoub works in public relations and has a verified account – for what that is worth – on Twitter.
Here is what he posted –
If true – and the news should be taken with a large pinch of salt – it is sure to provoke an outpouring of criticism due to human rights issues and the political controversy surrounding the Middle East.
Manchester City were bought out some years ago but have largely avoiding such criticism; there would be no hiding place for football’s biggest club.
Such headlines would cause conflict with United supporters who have seen the success which has been bought across the city, with little repercussion; the suffering United fans may welcome an unlimited expenditure, and certainly have the revenue to justify transfer spends greater than City’s without the debt leveraged on the club by the current owners, the Glazer family.
The Glazer family took over in 2005 after an equally controversial period where they bought up shares. Since then, the club have been plunged into debt, and only their status as the most marketable sporting brand in the country has saved them from ruin.
Treat the news with caution and apprehension; whilst we are not fans of the idea of the takeover due to the above reasons, we will refrain from making a full and proper comment until it emerges whether this is just speculation.