LONDON : Buyout financier Ares Management Corp has been offering funds to support a takeover of Manchester United, three sources familiar with the matter told Reuters.It is the latest U.S. asset manager to seek a financing role in the battle for the English soccer club. Hedge fund Elliot Management is als
LONDON : Buyout financier Ares Management Corp has been offering funds to support a takeover of Manchester United, three sources familiar with the matter told Reuters.
Manchester United's owners, the Glazer family, are considering selling the club in what could become the biggest sports deal ever. The club received indicative offers last Friday. Structured equity refers to a form of funding that typically sits between equity and debt in a company's capital stack and comes with regular payments.Ares, one of the largest providers of private credit, was reported in 2020 to be backing Miami-based soccer investor Kapital Football Group in its pursuit of buying an English Premier League club. Kapital was reported a year later to have abandoned efforts to acquire Southampton.
Ares recently raised $3.7 billion for a dedicated sports fund with a mandate to invest in leagues and teams.
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