"Alalshikh, who is the chairman of Saudi's General Entertainment Authority and has risen to prominence in the world of boxing, is known to be in talks with United about their participation in a mid-season friendly as part of Riyadh Season. But he suggested late on Wednesday night that the Premier League club are on the brink of agreeing a deal for new investment."
"Ratcliffe's Ineos bought a 28.94 per cent share in United last year after beating rival bidder Sheikh Jassim Al-Thani, a Qatari. The £1.25bn investment gave Ratcliffe control of football operations at Old Trafford and the power to dictate managerial appointments − such as the dismissal of Erik ten Hag and hiring of Ruben Amorim − as well as player recruitment and infrastructure improvements. Ineos have already committed £50m towards a training ground revamp, part of £250m investment since taking a share of the club."
Alalshikh, chairman of Saudi's General Entertainment Authority, runs Riyadh Season, a six-month event slate including 15 global championships and 34 exhibitions and festivals. He is negotiating with Manchester United about a mid-season friendly during Riyadh Season and posted that United is in an advanced stage of completing a sale to a new investor, adding hope the buyer is better than previous owners. Ratcliffe's Ineos purchased a 28.94 per cent share last year for £1.25bn, gaining control over football operations and committing £50m toward training ground upgrades within £250m total investment since taking a stake. Negotiations over a Saudi visit could earn the club about £10m.
Read at Irish Independent
Unable to calculate read time
Collection
[
|
...
]