Latest News

Factbox-Soccer-Who could be potential Manchester United buyers?

0

Factbox – Who could be potential Manchester United buyers? By Reuters

Breaking News

‘;

Current Affairs 3 hours ago (Nov 24, 2022 12:41)

© Reuters. Soccer Football – Cristiano Ronaldo leaves Manchester United – Manchester, Britain, November 23, 2022 General view of the United Trinity statue outside Old Trafford after it was announced by the club that Cristiano Ronaldo would be leaving Manchester Unit

(Reuters) – Manchester United’s owners, the Glazer family, are considering selling the club as they explore “strategic alternatives”. If the Glazers decided to follow through with the sale of the Old Trafford club, here could be some of the possible buyers:

JIM RATCLIFFE

British billionaire Ratcliffe, a long-standing fan of the 20-times English champions, declared his interest in August but said two months later he was told by the Glazers the Premier League side was not for sale when he contacted the family.

He had also failed this year in an attempt to buy London club Chelsea, ultimately bought by an investment group led by American Todd Boehly and Clearlake Capital.

Ratcliffe’s name was widely mentioned among United fans as someone many would welcome, although there are fears he might be priced out with some estimates putting the club’s worth at more than $4.5 billion.

Chemical firm INEOS, where Ratcliffe is chairman, declined to comment.

CONSORTIUM INCLUDING DAVID BECKHAM

The Financial Times said former England captain and United midfielder David Beckham was open to having talks with potential bidders interested to boost their chances of buying the club.

As a player, the former Real Madrid and Los Angeles Galaxy man won many trophies but as a co-owner of Major League Soccer side Inter Miami, he has endured a bumpy path.

Beckham remains a popular figure at Old Trafford as one of the leading players of United’s treble-winning campaign under manager Alex Ferguson in 1998-99 and his long history with the club will be a bonus for any consortium.

RED KNIGHTS

In 2010, the Red Knights, a group involving former English Football League chair Keith Harris, then Goldman Sachs (NYSE:GS) chief economist Jim O’Neill, and British investor Paul Marshall had put their plan to buy the club on hold due to “speculation in the media of inflated valuation aspirations.”

O’Neill and Marshall wrote to United co-chairman Joel Glazer last year seeking immediate corporate governance reforms, after the club’s plans last year to be part of a European Super League – which ultimately fell through – was met with widespread criticism.

The Manchester Evening News reported on Nov. 23 O’Neill may consider pursuing a takeover but only if the Glazers lower their current “unrealistic” demands.

Asked by the BBC if he needed to raise four billion pounds to buy United, O’Neill said: “I’m not sure if it’ll necessarily be that much, but let’s see.”

MIDDLE EASTERN INVESTORS

United’s local rivals Manchester City are bankrolled by the Abu Dhabi United Group, while Saudi Arabia’s Public Investment Fund completed a controversial 300 million pound buyout of Newcastle United in 2021.

Paris St Germain are owned by Qatar Sports Investments and rumours have swirled that investors from another Gulf country may be keen on buying United, with a report in the Arabian Business saying Dubai investors could be interested.

ELON MUSK

Musk, the world’s richest person, briefly lifted the gloom over United’s shares and lifted fans’ hopes in August by tweeting that he was buying the club — only to clarify a little later it was all part of “a long-running joke”.

Some of the club’s fans had previously urged Musk on Twitter to consider buying the club, complaining at what they see as under-investment by the Glazers.

Factbox – Who could be potential Manchester United buyers?

UK restricts Chinese cameras in government buildings over security fearsBy Reuters – Nov 24, 2022

LONDON (Reuters) -The British government on Thursday told its departments to stop installing Chinese-linked surveillance cameras at sensitive buildings, citing security risks. The…

UK’s Camilla donates Paddingtons left as tribute to Queen ElizabethBy Reuters – Nov 24, 2022

LONDON (Reuters) – Camilla, the wife of Britain’s King Charles, personally delivered dozens of Paddington Bear toys to a children’s charity on Thursday, giving a new home to the…

Soccer-Liverpool sporting director Ward to leave at end of seasonBy Reuters – Nov 24, 2022

(Reuters) – Liverpool sporting director Julian Ward has decided to leave the Premier League club at the end of the season, a year after he replaced Michael Edwards in the role,…

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Alibaba and Other Chinese Stocks Keep Rallying. A Big Risk Is Being Ignored.

Previous article

Musk shuns EU as Twitter disbands entire Brussels office

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News