Apple show interest in buying Manchester United, offer £5.8billion: Reports

Currently United sit at the third position in terms of the most valued football club, with a net worth of £3.7 billion.

Tejas RathiAuthor

Updated - 24 November 2022 10:23 PM

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According to the latest reports, tech giant Apple is said to have been taking an active interest in buying out Manchester United for a whopping £5.8billion. If the deal goes through, the Red Devils could become the richest football Club in the world. Recently, the Glazers, the owners of United decided to put the club for sale.

The Glazers put out a statement seeking an outside investment on the same day, the club terminated the contract with Cristiano Ronaldo. The key reason for this development was the owners wanting to enhance the club’s growth and also positioned the club to do well on the field as well as commercial point of view. Also, they want the club to provide much joy and benefits to the fans and stakeholders , respectively.

"As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.

With an annual revenue of almost £326billion, and estimated net worth of £2trillion, Apple are certainly have the big purses to seal the deal. According to Daily Star, Apple CEO Tim Cook plans to build the new state-of-the-art stadium, which would be ranked as the finest in the world. He is expected to have an active discussion with the Raine Group, bank appointed to oversee the sale.

The Glazers presided over United in 2005, and since then have been involved in controversies due to their ill-fated management. Currently, they possess a debt worth £500million, and faced a net loss of £115.5 million in 2021-22. The fans have been long demanding the Glazers exit the club, and want new owners to employ a fresh strategy in terms of acquiring quality players to improve their performances.

Currently United sit at the third position in terms of the most valued football club, with a net worth of £3.7 billion. The Glazers will talk with the interested parties, which include the British billionaire Sir Jim Ratcliffe as well. 

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