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Daily Mirror
Daily Mirror
Sport
Alex Smith

Man Utd chief Ed Woodward responds to Saudi Crown Prince takeover bid speculation

Manchester United executive vice-chairman Ed Woodward believes the Glazer family are "in it for the long term" amid speculation that the Red Devils are bracing themselves for another takeover bid from Saudi Arabia's Crown Prince Mohammed Bin Salman.

The Glazers completed their controversial takeover at Old Trafford in 2005, with their ownership the subject of intense focus ever since.

It was revealed by to make a third takeover bid for United.

The Arabian Royal family member has previously offered £3billion, which was rebuffed by the Glazers, who have continually told them they are unwilling to sell at any price.

And Woodward has echoed the owners and believes his bosses are staying put for the foreseeable future.

Ed Woodward has insisted that the Glazers will be Man Utd owners for the long term (Getty Images)

"Based on what I see, they're in it for the long term," the executive vice-chairman said.

"With regards to offers or asking prices, my understanding is that there have been no discussions for a price for the club or anything like that.

"(I think they are in it for the long-term) because every conversation we have is based on the long-term.

Saudi Arabia's Crown Prince Mohammed bin Salman is preparing a third bid to buy Man Utd (REUTERS)
The Glazers have owned Man Utd since 2005 (Getty Images)

"The debt is a long-term, structured and similar to some other football clubs. It's a fixed amount for a fixed period of time which results in it being fairly cheap to service.

"It's just under two per cent our annual revenue each year, so it doesn't really have any impact on us."

It is not just the Glazers that are under the spotlight, with Woodward's role subject to intense focus.

"I understand the scrutiny; it's part of the job," he told United We Stand.

"We have to do everything that we possibly can to get back to winning the Premier League.

"We are not successful until we do. Second is not success, we have to win the Premier League."

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