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Apollo leads private equity interest in buying Manchester United's stake
By Arghyadeep Dutta - Aug 18, 2022, 12:17 PM ET
Last Updated - Jul 18, 2023, 04:31 PM EDT
• Glazer family is willing to cede some control at the club they have entirely owned since 2005
Buyout
firm Apollo Global Management Inc (NYSE: APO) has expressed interest in
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buying a stake in the English soccer club Manchester United PLC (NYSE:
MANU), Bloomberg reported on Thursday, citing people familiar with the
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matter.
The
news outlet on Wednesday reported that the Glazer family is considering selling a minority stake as pressure mounts on their ownership of the
historic soccer club.
The family are willing to cede some control at the club they have owned outright since 2005.
UK businessman Jim Ratcliffe is another early name on the list of interested buyers, the report said.
Tesla Inc (NASDAQ: TSLA) Chief Executive Elon Musk on Tuesday jokingly tweeted that he would buy the club.
“Also, I’m buying Manchester United ur welcome,” the billionaire wrote on Twitter.
However,
hours later, Musk tweeted, “No, this is a long-running joke on Twitter.
I’m not buying any sports teams,” responding to a Twitter user asking
if he was serious about buying the club.
Picture Credit: Al Jazeera
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