Apple Considering Takeover Bid Of Manchester United — Reports –

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Apple is considering a billion-dollar bid to take over English soccer giant Manchester United, according to new reports.

Earlier this week it was confirmed that the American Glazer family’s ownership of the football club was to end after a note on the New York Stock Exchange said the family was a “strategic alternative” to the English football club. is looking for


The statement said the move was “designed to enhance the club’s future growth, with the ultimate aim of positioning the club to take advantage of both on-pitch and commercial opportunities.”

British tabloid Daily Star now reports that Apple CEO Tim Cook is keen to explore the opportunities that Manchester United’s owner can provide and that he would make an official bid for the club in the region of £5.8 billion ($7 billion). Weighing the bid.

If Apple were to complete a deal, it would be the first time a technology giant has bought a sports team.

Manchester United is one of the most successful football clubs in the world, having won three Champions Leagues and won 20 league titles. The Glazer family bought the club in 2005 in a controversial leveraged buyout which many supporters, players and observers believe contributed to the club’s long period of underachievement.


United have not won the English Premier League since 2013 and have not collected any silverware since 2017. Commentators have pointed to a lack of investment in its famous Old Trafford stadium and training facilities, while rivals such as Manchester City have thrived with heavy investment. International owners.

News of Glazer’s potential sale comes in a tumultuous week for United, who parted ways with global superstar striker Ronaldo after the Portuguese gave an inflammatory interview to Piers Morgan’s talk TV show in the UK, where He criticized the club’s ambitions. Coach Eric Ten Hague, and management by the Glazer family.

The Rhine Group, which oversaw the $5.4BN sale of United rival Chelsea to Dick Clark Productions and LA Dodgers backer Todd Buhly, is acting as United’s exclusive financial advisor and Latham & Watkins LLP is legal counsel. Rothschild and Co. Acting as exclusive financial advisor to Glazer family shareholders.


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