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HomeNewsMan United Sale: Potential bidders for the red devils

Man United Sale: Potential bidders for the red devils

Many individuals have shown interest in purchasing Manchester United since the Glazers made their willingness to sell known. These are the parties connected to the sale of the Red Devils.

 

The Ineos Owner Sir Jim Ratcliff

The British billionaire is reportedly going to approach United to acquire it once the Glazers put it up for sale, according to The Telegraph.

The owner of petrochemicals firm Ineos will now present a new proposal. Still, according to the story, he is hesitant to overpay because insiders claim the Glazers are seeking more than £5 billion.

Ratcliffe initially got in touch with the Glazers in August but concluded that a deal was implausible.

He had also dealt with broker Raine Group before when they accepted Chelsea bids.
There is a worry that Raine may try to get United to pay more than it is worth.

“Telegraph understands Ratcliffe’s failed bid to buy Chelsea over the summer was late because he had been waiting for the price to drop.”

Lord Jim O’Neill

Lord Jim O’Neill refused to rule out the possibility of making a bid for Manchester United, saying that the buyer must have “money and purpose.”

Twelve years ago, a syndicate headed by Lord Jim Neill, a former executive at Goldman Sachs and a devoted United supporter, attempted to persuade the Glazers to sell the team for $1.25 billion, but they were unsuccessful.

Following the Glazer family’s announcement that they intend to sell United, O’Neill commented on the news while simultaneously fueling rumours that he may make an offer.

The Americans are reportedly expecting a cost of roughly £5 billion, so he may consider pursuing a takeover but only if they reduce their current ‘unrealistic’ demands.

O Neill responded, “I don’t think it’s practical, especially given the few brilliant people who would be capable of putting those kinds of figures together. They can see the same information the Glazers can see” in response to a question regarding a price of £5 billion.

 

Amancio Ortega

The CEO of the Inditex company, which owns Zara, Ortega, is ranked as the 19th richest person in the world by Forbes.

The Manchester Evening News reports that the 86-year-old Spaniard has alerted senior executives of his interest in purchasing the team.

He is reportedly valued at £61.3 billion. The primary source of Ortega’s fortune is reportedly real estate; he has no athletic investments in his portfolio.

 

Dubai International Capital

United is said to be a potential plaything everyone is now waiting for Dubai to discover.
Manchester City is owned by Abu Dhabi, Newcastle by the Saudis, and Qatar owns PSG.

DIC, the investment arm of Dubai’s sovereign wealth fund, claims to have “nearly” purchased Liverpool in 2007 and has assets worth about £13 billion.

Mukesh Ambani

The Daily Mail suggests India’s richest man as a potential suitor. His worth is almost £76 billion.

The owner of the IPL franchise Mumbai Indians and the founder of Reliance Industries has been connected to an offer for Liverpool, although his spokeswoman has denied any involvement.

 

Some tech giants

According to the Daily Mail, Facebook and Amazon are “credible” and “serious” bidders for United. Both businesses have made significant previous investments in sports.

On Thursday, The Daily Star reported that Apple, the world’s largest technology company, was interested in purchasing Manchester United for £5.8 billion.

A website that regularly follows Apple, Mac Rumours, asserts that the allegations of interest are untrue.

Joe Rossignol, a senior writer, has emphasised that Apple has no intention of purchasing the team.

Stephen Pagliuca and Larry Tanenbaum

The FT suggests that potential bidders for United could be the two individuals who were shortlisted to purchase Chelsea before Todd Boehly closed a deal.

Tanenbaum is the NBA’s chair, while wealthy private equity investor Pagliuca is a co-owner of the Boston Celtics.

 

Reports: David Beckham open to talks about United takeover involvement

Following the club’s sale, David Beckham is willing to speak with potential bidders of Manchester United.

There won’t be a shortage of potential buyers for United, and they might be able to recruit Beckham’s support for their offers because, according to the Financial Times, the former Red Devils player is willing to speak with interested parties.

Given his wealth and stature as a highly regarded figure at Manchester United after a distinguished time with the club, Beckham’s involvement may significantly boost a potential consortium.

Saudi Arabia sports minister keen on Man United & Liverpool investment

The sports minister of Saudi Arabia has said that after both Premier League clubs go on the market, he would like to see Saudi ownership take over Manchester United and Liverpool.

Prince Abdulaziz bin Turki Al-Faisal, Saudi Arabia’s sports minister, expressed his desire to see his country get involved with both United and Liverpool in an interview with Sky News.

As two of the most valuable sports franchises on the planet, there is expected to be no shortage of interest in both United and Liverpool.

“I certainly hope so, assuming there are investors and the business makes sense,” he said. “After that, businesses or the private sector could enter from the kingdom.”

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