Apple ready to make Man Utd the world’s richest club
- FT Desk
- 24 Nov 2022 11:45 GMT
- 3 min read
24 Nov 2022 11:45 GMT
3 min read
Tech giant Apple are ready to launch a takeover bid for Manchester United after the Glazer family put the club on the market.
The Glazers bought Man Utd for £800 million (€931.2m) in 2005, and are hoping to fetch as much as seven times that amount having made the club available for acquisition recently.
Sir Jim Ratcliffe, one of the UK’s richest men with a net value of around €27bn, has been linked with a bid – potentially in a consortium with club legend and Inter Miami and Salford City co-owner David Beckham – but there are very few who could afford such a fee.
Tech giant Apple clearly don’t have that problem. The company, founded by Steve Jobs, Steve Wozniak and Ronald Wayne in 1976, have a market cap of $2.4 trillion (€2.31tn), and they are ready to launch a bid according to the Daily Star.
“The California-based firm have no experience of owning a football club the size of United,” they write. “But CEO Tim Cook is keen to explore the opportunities owning United could provide – and will line up talks with the banks appointed to oversee the sale, which include The Raine Group.”
Avram Glazer on selling Man Utd:pic.twitter.com/xCFxp4iNY5
— Football Transfers (@Transfersdotcom) November 24, 2022
Apple’s worth would make Man Utd the richest club in world football should they take over; their €2.31tn worth leaving Newcastle’s Saudi Arabian owners (€372.45 billion) standing in that regard.
Apple of their eye
United this week lost one of the most marketable athletes in the world in Read more – FootballTransfers