The Saudi Public Investment Fund (PIF) has denied interest in acquiring Manchester United Football Club.
Reports by British media recently claimed the football club, which is valued at GBP 3 billion, is a target for investment by Saudi Arabia.
However, an official in the sovereign fund said on Thursday that these reports are not accurate, and that talks regarding a deal were not held.
Manchester United was listed on the London Stock Exchange (LSE) in 1991, and then it was purchased by Malcolm Glazer in May 2005 in a deal nearing GBP 800 million, after which the company was taken private again, before going public in August 2012.
Meanwhile, Reuters reported on Wednesday that PIF is exploring the acquisition of up to a $700 million stake in Legendary Entertainment, a movie studio in the United States, known for films such as “Jurassic World” and “Interstellar”.