Potential investor ditches Manchester United for Chelsea, set to inject huge capital in the Blues: Reports
US firm Ares set to abandon its association with Manchester United for Chelsea.
Glazer and Todd Boehly (Source- Getty)
Ares Management, a well-known investment company in the credit sector, was previously linked to Manchester United but is now connected to Chelsea. They have moved away from the Glazer family’s interests. This is a big deal in the sports and investment worlds, and everyone is closely watching to see what happens next.
Earlier this year, Ares Management was linked with the Glazers, but now the latest news indicates that they have decided to switch their interests to Chelsea, a rival of the well-known Reds. According to The Telegraph, Ares now has a significant presence in the sports industry and a substantial fund of $3.7 billion (£3.2 billion) specifically earmarked for strategic investments in this field. Reports suggest that Ares Management is currently in talks with Todd Boehly, the owner of Chelsea Football Club, regarding a potential deal.
Chelsea Football Club has been a target of frequent interest from potential investors, and its owner, Todd Boehly, seems to be inclined towards an equity injection as a preferred mode of investment.
Manchester United remains open to exploring opportunities for new investors. The club is reportedly seeking both full and partial investment options. Among the notable names expressing interest in investing in the club are Qatar’s Sheikh Jassim and British billionaire Sir Jim Ratcliffe. Their involvement could potentially bring significant financial backing and expertise to the renowned English football club.
Manchester United Takeover: Sheikh Jassim takes the lead in high-stakes battle for ownership
Sheikh Jassim is leading the race to acquire Manchester United, potentially finalizing the deal by November. The Qatari politician is outpacing British billionaire Sir Jim Ratcliffe in the competition for ownership, making the football world closely watch the unfolding developments.
The potential deal for Manchester United is rumored to be valued at around £6 billion, coinciding with the one-year anniversary of the Glazers’ decision to put the club up for sale. If the sale is finalized, it would signify the end of the American owners’ nearly 19-year tenure at the club. During their ownership, the Glazers have reportedly taken out more than £1.2 billion from the club, while investing only £180 million of their own funds in the £780 million takeover back in 2005.
The potential sale at such a staggering price tag raises significant interest and scrutiny within the football community, reflecting the club’s immense global value and financial implications for the parties involved.
The excitement is mounting as the Red Devils await Manchester United’s next owners.
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Ritvik Malhotra
(1085 Articles Published)