Apple is reportedly not interested in buying the English football club Manchester United. A previous report from Daily Star claimed that the technology giant had expressed interest in buying the club for GBP 5.8 billion (about Rs. 57,300 crore). But now, a new report has come forward, adding that sources with “direct knowledge of the situation” claim the previous report is false. The news comes in the wake of its current owners, the Glazer family, planning to end their 17-year-long reign that has been dominated by fan protests and declining performance.
Early on Thursday,had originally claimed that CEO was in talks with multiple banks, including The Raine Group LLC, to oversee the deal. But less than half a day later, noted that “a source with direct knowledge of the situation said the report is false.”
While the technology giant has no interest in buying, it has been pushing into sports content. It has partnered with Major League Baseball (MLB) to air weekly matches on Apple TV+ for the 2022 season. In football, Apple has a with the US top-flight (MLS) for the next 10 years, which will be available as a standalone MLS Season Pass starting February next year on the app.
The Glazers had initially set a “colossal world record” asking price of GBP(about Rs. 83,827 crore), “but have been told this is unrealistic in the current market.” Had that acquisition gone through, it would have been the costliest in the history of football, surpassing Todd Boehly’s GBP (about Rs. 41,900 crore) takeover of rival club .
“The process is designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalise on opportunities both on the pitch and commercially,” anfrom the club said when the current Manchester United owners explained their view.
Manchester United is also looking to revamp its iconic Old Trafford stadium, that would require fulland rebuilding from scratch. notes that rebuilding the stadium would cost approximately GBP 1.5 billion (about Rs. 14,800 crore), making it the most expensive playing field. The Tottenham Hotspur Stadium in London — belonging to the eponymous fellow Premier League club — trails close behind at a value of GBP 1 billion (about Rs. 9,900 crore).
The update comes in the wake of Portuguese athleteleaving Manchester United under immediate effect, by “mutual agreement” between both parties. The footballer served two spells at the club, scoring 145 goals in 346 appearances. Currently unemployed at club level, Ronaldo is playing at the Qatar for his country. The shake-up ensued after the striker gave an inflammatory , criticising the club’s ambitions and decisions.
Manchester United, who once dominated England’s top-flight, haven’t won a single title since 2013, and no major trophies in the larger European contest. “The tipping point came in the wake of the club’s involvement in the failed European Super League proposal and subsequent criticism that followed,” Daily Star concludes.
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