: Apple interested in buying Manchester United: report

by | Nov 24, 2022 | Stock Market

Tech giant Apple
AAPL,
+0.59%
is considering buying Manchester United
MANU,
+25.84%,
according to The Daily Star. The British tabloid newspaper, without citing any sources, said Apple’s chief executive Tim Cook, was interested in paying £5.8 billion for the storied Premier League football club.

“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 include The Raine Group,” wrote the Daily Star on Thursday. The newspaper said that a purchase by Apple would make Man Utd the richest club in the world. However, given a number of other clubs such as Newcastle United, owned by Saudi Arabia, have the resources of wealthy countries who do not need to apply commercial logic to their holdings, this claim is incorrect. What the Daily Star perhaps means is it would make Man Utd the most highly valued football club. Apple could not be reached for comment. Manchester United did not reply to a request for comment. Man Utd has been put in play after American owners the Glazers this week said they were considering options for the business, which is quoted on the New York Stock Exchange. The Glazers, who also own the Tampa Bay Buccaneers, have been unpopular owners with Man Utd fans; for years facing demonstrations for them to sell. In an open letter sent to the Glazers before the Daily Star published its story, the Manchester United Supporters Trust wrote: “The last 17 years has been characterized by debt and dec …

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