![]() A large number of them have been clamoring for a change of ownership. Record 20-time English champions, Manchester United has over 650 million fans worldwide, according to market research firm Kantar. The Glazer family, which made its fortune in real estate, retail and healthcare and also owns the NFL's Tampa Bay Buccaneers, bought the team for 790 million pounds ($1 billion) in 2005. Soccer Football - Champions League - CSKA Moscow vs Manchester United - VEB Arena, Moscow, Russia - SeptemGeneral view of the Manchester United logo before the match Action Images via Reuters/John Sibley/File PhotoĪ sale for more than $6 billion would value Manchester United at more than 10 times last year's annual revenue, according to Refinitiv data. Last year, the $3.1 billion acquisition of Chelsea Football Club by an investment group led by Todd Boehly and Clearlake Capital valued it at 5.7 times revenue for its last financial year. It would also represent a significant premium to other soccer deals. ![]() Shares of Manchester United jumped as much as 15% on the news and ended trading in New York on Thursday up 6.8% at $24.81.Ī $6 billion-plus deal for Manchester United would be one of the biggest ever in the sports world, following a similarly sized sale of the National Football League's Washington Commanders earlier this year. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment. The sources requested anonymity because the matter is confidential. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity. ![]() It could not be learned how long this period may last. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. Ratcliffe's offer envisions that the Glazers would keep some interest in Manchester United. The Qatari offer is currently viewed by the Glazers more favorably than a bid from British billionaire Jim Ratcliffe, founder of chemicals producer INEOS, the sources added. Members of the Glazer family, who own minority stakes in Manchester United and control it thanks to a dual-class share structure, would be cashing out as part of the proposed deal, one of the sources said. While a deal remains uncertain, the development represents a major milestone in the efforts of Sheikh Jassim - the son of Qatar's former prime minister who is one of the richest men in the Gulf state - to take over the iconic sports brand. June 15 (Reuters) - English football club Manchester United (MANU.N) is negotiating granting exclusivity to the consortium led by Qatar's Sheikh Jassim bin Hamad al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday.
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