Apple Interested in Manchester United for $6 Billion: Report
Tech giant Apple is showing interest in buying football club Manchester United, according to a UK report Metro, The English giant’s US owners, the Glazer family, put it up for sale earlier this week after 17 years. It is said that the Glazers are ready to part with the club for 5.8 billion pounds ($ 6 billion or about 49 thousand crores). Metro The report further stated. If the deal goes through, it will be the biggest deal ever for a sports club.
Apple is considering the deal, the outlet said, adding that CEO Tim Cook is aware of the commercial opportunities Manchester United will provide the California-based company.
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Apple, one of the world’s largest tech companies, has a market value of $3 trillion (Rs 3 lakh crore).
Express said that part of Mr Cook’s plan included providing funding for a new stadium that would be rated as one of the best in the world. The outlet further added that Apple is expected to hold talks with the banks in the coming weeks to take the conversation forward.
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Manchester United have won a record 13 titles in the Premier League since the top flight of English football was renamed in 1992. The New York-listed club is valued at around $2.5 billion (Rs 24,000 crore).
Joel Glazer, the co-chairman, is still heavily involved in the day-to-day operations of the club, but Glazer’s other siblings differ in strategy and think the moment is perfect to sell.
The club has been surrounded by controversy, the most recent being the ouster of Portugal forward Cristiano Ronaldo.
Following his explosive interview with Piers Morgan in which he criticized United and manager Erik ten Haag, the 37-year-old Ronaldo mutually opted to terminate his contract.
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