Man United news and takeover updates LIVE as asking price emerges after Saudi bombshell

Welcome to the Manchester United takeover blog on Thursday, October 9.

We are bringing you a special live blog this lunchtime after news this morning of a surprise takeover of the club potentially being on the cards. Turki Al-Sheikh, the Saudi Arabian billionaire and founder of the Riyadh Season, suggested on Wednesday night that a takeover was in 'advanced stages'.

Since then, we have discovered how much the Glazers would be willing to sell United for and the response within the club since the news was revealed. Throughout the afternoon we shall be updating you with the latest information on a potential takeover.

As well as that, we shall also be providing you with news surrounding Sir Jim Ratcliffe's interview prior to Turki's comments and more on the future of Ruben Amorim.

Take a look at all the latest United takeover news below...

Manchester United co-owner Sir Jim Ratcliffe has defended the Glazer family's ownership of the Reds.

The Glazers have come under intense scrutiny from fans for their stewardship of United ever since their leveraged acquisition in 2005 saddled the club with a hefty debt - currently estimated at around £725million. Numerous fan groups voiced their opposition to the deal 20 years ago.

British billionaire Ratcliffe acquired a 27.7 per cent stake in United in a $1.2bn deal at the start of 2024 after striking a deal with the Glazer family. The Ineos CEO was handed oversight over footballing and strategic matters at the club.