Manchester United FC’s owners are considering opening up the iconic English football club to a new investor — with private equity firms likely to be crowding the field alongside high-net worth individuals.
Buyout firm Apollo Global Management Inc. has already expressed interest, according to a person familiar the matter, asking not to be identified discussing confidential information. UK businessman Jim Ratcliffe is another early name in the mix, while Tesla Inc. Chief Executive Officer Elon Musk also joked about a deal.
Among those linked to the more credible Chelsea bid groups were alternative investment executives and firms including Citadel founder Ken Griffin, Bain Capital co-chairman Stephen Pagliuca, Apollo co-founder Josh Harris and Oaktree Capital. In the end, Chelsea was sold to US billionaire Todd Boehly and California-based buyout house Clearlake Capital for £4.25 billion ($5.1 billion). Manchester United could be valued at closer to £5 billion.
Read more: BNN Bloomberg
