Apple have reportedly expressed an interest in buying Premier League giants Manchester United.
The club released a statement earlier this week stating that its owners, the Glazer family, were exploring the possibility of outside investment and could even be open to selling the club.
The prospect of the sale put potential buyers on high alert.
Sir Jim Ratcliffe, Britain’s richest man and CEO of oil giants INEOS, looked at buying the club last summer and has been heavily linked with making an official bid now the Glazers are open to selling.
But in more recent developments, multiple news outlets, including the Daily Star, have reported that Apple are now keen on acquiring United and making them the richest club in football.
The America-based tech giants boast an annual turnover of nearly £400billion and an estimated net worth of nearly £2trillion.
They could provide United with a war chest of the kind we have never seen before in the game, easily trumping Manchester City and Newcastle’s available resources.
Manchester United’s team badge
Why do Apple want to buy United?
The report in the Daily Star states that Apple’s CEO, Tim Cook, is keen to explore the opportunities owning United could provide.
Part of his plans might include Apple financing the development of a totally state-of-the-art arena that would be regarded as the finest stadium in the world.
What are next steps?
It’s believed that Apple would need to fork out somewhere between £5bn and £9bn to persuade the Glazers to relinquish control.
Initially, the American billionaires intended on setting an asking price of £8.25 billion. However, they have n…