Apple Bids £5.8bn Purchase Of Man Utd - Matrix Live Ng
Apple Bids £5.8bn Purchase Of Man Utd
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Apple Bids £5.8bn Purchase Of Man Utd

Technology giant Apple is interested in buying Manchester United for a stunning £5.8 billion.


United owners the Glazers have decided to sell the club after caving into the demands of those fans who have wanted them ousted.


The American billionaires will sell the club to the highest bidder – and bosses of Apple have expressed an interest in discussing a potential deal.


Apple is the largest tech company in the world with an annual revenue of almost £326b and an estimated net worth as of this month of £2tr.


The California-based firm has no experience in owning a football club the size of United.


But CEO Tim Cook is keen to explore the opportunities owning United could provide – and will line up talks with the banks appointed to oversee the sale, which includes The Raine Group.


Part of Cook’s plan could include Apple funding the building of a new state-of-the-art stadium that would be regarded as the best in the world.


The Glazers had initially set an asking price of £8.25billion, as exclusively revealed in Daily Star Sport, but have been told this is unrealistic in the current market.


If Apple were to complete a deal it would make United the richest club in the world.


Apple’s value dwarfs that belonging to the respective owners of Manchester City, Newcastle, and Paris Saint Germain.


The Glazers bought United in 2005 but went on to become hugely unpopular.


The tipping point came in the wake of the club’s involvement in the failed European Super League proposal and subsequent criticism that followed.


The Glazers will spend the next month talking to interested parties before drawing up a shortlist of potential buyers, which is expected to include British billionaire Sir Jim Ratcliffe.

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