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Saudis rule out PIF attempt for Man Utd: Newcastle have our total focus

The Saudi Arabian government will not be bidding to buyout Manchester United from the Glazer family.

With the Saudis controlling Newcastle United, there'll no attempt for Manchester United.

Newcastle were subject to a Saudi-financed consortium takeover last year with the country's sovereign wealth fund, Public Investment Fund (PIF), purchasing an 80 per cent stake to become majority shareholders at St. James' Park.

PIF are said to be worth £320billion, which makes them roughly 13-times richer than Manchester City's owners, but they would be unable to buy United from the Glazers because they already control a majority stake in Newcastle.

Saudi Arabia's sports minister, Prince Abdulaziz bin Turki Al-Faisal, told The Times: “The PIF just invested in Newcastle and I think we are focusing as a PIF on that. If there is a private investor that wants to come in, why not.

“I think it is a good opportunity and if the numbers add up and we can all benefit from that from a business perspective, why not. If there really is an opportunity that benefits us I would encourage the private sector to do so."

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