Manchester United owners show keen interest in buying IPL team: Report

The Glazer family, which owns English Premier League giants Manchester United football team, has shown keen interest in entering India’s T20 league.

Abhinav Goel Author

Updated - 21 October 2021 2:04 pm

The Manchester United owners are showing a keen interest to be a part of the Indian Premier League (IPL) in IPL 2022. Next year's IPL will be a ten team affair with two new teams in the mix. It has been learnt that the US-based owners of the English Premier League club are tracking the developments. The formal announcement regarding the bids is expected to be made on October 26th. Notably, the bids will be submitted in the UAE, where the T20 World Cup 2021 is currently going on.

According to a report in Times of India, Manchester United owners have picked up the ITT (Invitation to Tender) which was floated by BCCI through a private equity firm. The Glazer family, which owns English Premier League giants Manchester United football team, has shown keen interest in entering India’s T20 league.

One of the world’s best footballer Cristiano Ronaldo, joined Manchester United in the summer transfer window from Juventus. The Portuguese superstar signed a two-year deal to return to the side where he won eight major trophies from 2003 to 2009.

"It can be confirmed that the owners of Manchester United are tracking the developments in the world's most valuable T20 league with keen interest," the report stated.

Number of other companies also interested

The ITT issued by the Indian cricket board has some strict clauses. The potential bidders are expected to submit an average turnover of Rs 3,000 crore or a personal net worth of Rs 2,500 crore to be eligible to bid. BCCI had to rework these clauses after few potential bidders made a request to lower the value so that they are eligible to bid.

A number of other companies have also shown interest in the cash-rich T20 league which includes Adani Group, Torrent Pharma, Aurobindo Pharma, RP-Sanjiv Goenka Group, Hindustan Times Media, Jindal Steel (led by Naveen Jindal), entrepreneur Ronnie Screwvala and three private equity players.

“So, technically, overseas investors are eligible to submit a bid if they meet these conditions. We don't really know whether Man U owners will come to the bidding table. What we certainly know is that they’ve shown interest,” the TOI report added.