Reports that Mohammed bin Salman intends to buy the club are “completely false”, the minister, Turki al-Shabanah, wrote on social network Twitter, Reuters reported.
He was reacting to reports that the crown prince had sought to tempt the Glazer family to cede control of the club.
“Manchester United held a meeting with PIF Saudi to discuss (a) sponsorship opportunity,” Shabanah said, adding that no deal materialized.
On Sunday, the British newspaper, the Sun, said the crown prince was in a £3.8-billion ($4.9-billion) takeover bid for one of football’s most popular clubs.
The paper said a bid was first submitted in October but the fallout from the murder of Saudi journalist Jamal Khashoggi at the kingdom’s embassy in Istanbul put the “skids” on a potential offer.