U.S.-based hedge fund giant Elliott Investment Management is planning to offer financing for a bid to take over Manchester United Plc , sources close to the matter told Reuters.
Soccer Football - General view of Manchester United's Old Trafford Stadium - Old Trafford, Manchester, Britain - February 15, 2023 General view of Manchester United's Old Trafford Stadium REUTERS/Molly Darlington/File Photo
Feb 18 - U.S.-based hedge fund giant Elliott Investment Management is planning to offer financing for a bid to take over Manchester United PlcThe fund has ruled itself out of a full takeover of the Premier League soccer club, the source added on Saturday. It is unclear at this stage which bid Elliott, who owned Serie A champions AC Milan until last year, will be involved in.The Glazer family, United's American owners,in November they had begun looking at options for the record 20-time English champions, including new investment or a potential sale, 17 years after they bought the Old Trafford club.
There have been two confirmed bidders for the club that were received by U.S. bank Raine, who are overseeing any potential sale, before the initial Friday deadline.
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