TIMES.KY

Cayman Islands, Caribbeanand International News
Monday, Mar 20, 2023

Apple are 'interested in buying Manchester United in £5.8BILLION deal'

Apple are 'interested in buying Manchester United in £5.8BILLION deal'

Apple are interested in buying Manchester United in £5.8BILLION deal - and the tech giants will revamp Old Trafford if they win the huge bidding war after the Glazers decided to sell. The California-based tech firm has never previously owned a sports team, but commercial opportunities provided by United are said to be a major factor in their interest.
US tech giant Apple has joined the race to buy Manchester United, according to reports.

United confirmed the sensational news that the world's biggest football club is effectively for sale in a statement issued earlier this week.

With United now available, a report from the Daily Star has claimed that the world's largest tech company may be interested in acquiring the club for £5.8billion.

The California-based tech firm has never previously owned a major sports team, but the commercial opportunities provided by United are said to be a primary factor in their interest.

Any potential deal would almost certainly become the most costly acquisition of a football club in history, surpassing the £4.25billion fee a consortium led by Todd Boehly paid for Chelsea earlier this year.

One major issue facing whomever buys United is Old Trafford, the club's iconic stadium. The venue has long needed a revamp to compete with the biggest clubs around the world.

It is understood that rebuilding the stadium will cost approximately £1.5bn, making it the most expensive football ground in the world - ahead of Tottenham's new £1bn stadium.

United moved into the ground - dubbed 'The Theatre of Dreams' by fans around the world - in 1910 and have called it home ever since. The stadium was most recently renovated between 2005 and 2006, with 8,000 seats being added.

Red Devils legend Gary Neville has backed calls for the stadium to be rebuilt entirely, when stories first emerged of investment into the arena back in February. 

He posted on Instagram: 'There is a story emerging from Old Trafford that they might rebuild the entire stadium and I have just been asked what I think of it. I actually think that it would be the right move. 

'I think by the time that they have spent money on Old Trafford, the existing one, then I think you would be better off building a brand new, better, super stadium. I do think that Manchester United should always be at the forefront of stadiums, have the best facilities and they have fallen behind.'

CEO Cook is just the latest in a line of high-profile individuals who have shown an interest in taking charge at Old Trafford. 

Now-Twitter CEO Elon Musk jokingly wrote on the platform this summer that he would be purchasing the club, with the 51-year-old's post garnering more than 800,000 likes.

UFC superstar Conor McGregor has also thrown his hat into the ring, having previously expressed an interest in taking over the club.

The 34-year-old took to Twitter following the announcement of the European Super League in April of last year, writing: 'Hey guys, I'm thinking about buying Manchester United! What do you think?'

The Irishman added that he would like to acquire a sports team 'at some stage'.

'A conversation came up regarding Celtic first to be honest. To acquire shares from Dermot Desmond. I am certainly interested in acquiring a sports team at some stage! Both Celtic and Man United are teams I like for sure. But I am open. I feel I could do big things for a club.'

Joel and Avram Glazer have been largely unpopular among fans since taking charge of the club in 2005.

Backlash over the American investment bankers' takeover of United was such that some supporters formed the breakaway club FC United of Manchester in protest.

Dissatisfaction over the running of United also led to the green and gold movement with fans donning scarfs depicting the club's original colours, and resulted in series of protests being staged both inside and outside of Old Trafford.

A club statement from Tuesday outlined the Glazers' intentions to sell: 'Manchester United plc (NYSE:MANU), one of the most successful and historic sports clubs in the world, announces today that the Company's Board of Directors (the 'Board') is commencing a process to explore strategic alternatives for the club.

'The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.

'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.'
Newsletter

Related Articles

TIMES.KY
Close
0:00
0:00
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
Jeremy Hunt insists his Budget will get young parents and over-50s back into work
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Mexican President Claims Mexico is Safer than the U.S.
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
BBC Director General, Tim Davie, has apologized, but not resigned, yet, following the disruption of sports programmes over the weekend
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Don Lemon, a CNN anchor, has provided a list of five areas that he believes the black community needs to address.
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
Givenchy Store in New York Robbed of $50,000 in Merchandise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
U.S. Jet Shoots Down Flying Object Over Canada
Being a Tiktoker might be expensive…
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and JD.com, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.
The desk of King Carlos Alberto of Sardinia has many secret compartments
Today's news from Britain - 9th February 2023
The five largest oil companies in the West generated combined profits of nearly $200 billion in 2022, which has led to increased calls for governments to impose tougher windfall taxes
2 earthquakes in Turkey killed over 2,300 people
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 1,300 People.
Turkish photographer Ugur Gallenkus portrays two different worlds within a single image. Brilliant work
×