Apple is interested in purchasing Manchester United, according to a shocking claim published by the Daily Star on Thursday. This revelation might completely change the game. Check out the details below.
The club recently released a statement claiming that the Glazer family, the present owners, is engaging with financial advisors on the process, which might result in investments such as stadium and infrastructure reconstruction or even a partial sale of the Old Trafford club.
The executive co-chairmen and directors of United, Avram Glazer and Joel Glazer, had stated in the statement, “As we aim to continue constructing on the club’s legacy of success, the board has approved a comprehensive study of strategic alternatives.”
The statement had added, “We will investigate all options to ensure that we provide the finest support for our fans and that Manchester United maximizes the significant development opportunities currently and in the future available to the club.
Apple has never owned a team the magnitude of Manchester United, therefore this will be the company’s first step into the world of football. The Raine Group is one of the banks chosen to supervise the sale, but CEO Tim Cook is eager to investigate the potential benefits that owning United may bring. As a result, he will schedule meetings with these institutions, according to the Daily Star.
With the California-based company’s valuation dwarfing that of clubs like Paris Saint-Germain, Newcastle United, and Manchester City, if the acquisition is approved, United will become the wealthiest club in the world.
Because the team has gone five years without winning a trophy, the Glazers have come in for a lot of heat, and Manchester United fans have been pushing for a change in ownership. The League Cup and Europa League were their most recent triumphs in 2017.
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