Thu. Nov 24th, 2022
Manchester Unifiedowners, glazier His family is considering selling the club while exploring “strategic alternatives.” If Glazers decides to pursue the sale of the Legacy trafford club, some of the potential buyers could be:
Jim Ratcliffe
British billionaire Ratcliffe, a long-time fan of the 20-time British champion, announced his interest in August, but when contacted by his family two months later by the Glazers he was told that the Premier League side was not for sale.
It has also failed in an attempt to buy London club Chelsea, which was acquired by an American-led investment group later this year. Todd Boehly and Clearlake Capital.
Ratcliffe’s name has come to be known among United fans as one that many would welcome, but it’s feared it could be priced in with some estimates putting the club’s value in excess of $4.5 billion.
INEOS, the chemical firm that Ratcliffe heads, declined to comment.
The Financial Times said that former England captain and United midfielder David Beckham is open to talks with potential bidders looking to increase their chances of buying the club.
As a player, the former Real Madrid and Los Angeles Galaxy man has won many trophies but endured a bumpy road as co-owner of Major League Soccer side Inter Miami.
Beckham remains a popular figure at Old Trafford as one of the leading players in United’s triple win campaign under manager Alex Ferguson in 1998-99, and his long history at the club will be a bonus for any consortium.
In 2010, the Red Knights, a group that included former English Football League president Keith Harris, then Goldman Sachs chief economist Jim O’Neill and British investor Paul Marshall, suspended plans to buy the club due to “media speculation”. inflated valuation aspirations.”
O’Neill and Marshall write to United co-chairman Joel Glazer It had sought urgent corporate governance reforms last year after the club’s plans to become part of a European Super League were met with widespread criticism—which ultimately failed.
O’Neill may consider pursuing a takeover if the Glazers drop their current “unrealistic” demands, the Manchester Evening News reported on November 23.
Asked whether the BBC should raise £4bn to buy United, O’Neill replied, “I’m not sure if it’s that much, but we’ll see.”
United’s local rivals Manchester City are financed by the Abu Dhabi United Group, while Saudi Arabia’s Public Investment Fund has completed its controversial £300m acquisition of Newcastle United in 2021.
There have been rumors circulating that Qatar Sports Investments, owner of Paris St Germain, and investors from another Gulf country might be interested in acquiring United, and Arabian Business has said that investors from Dubai may be interested.
Musk, the world’s richest person, briefly lifted the pessimism over United’s stock and raised fans’ hopes when he tweeted that he had bought the club in August – but soon to clarify that it was all part of a “long-standing joke”.
Some fans of the club had previously urged Musk to consider buying the club, complaining on Twitter of what the Glazers saw as an underinvestment.