Manchester United is reportedly in talks with American financial investor Carlyle about a potential investment in the club. The Glazer family, who own the club, put it up for sale before Christmas, and the auction is now nearing its final stages. Carlyle, one of the world’s largest private equity firms with assets of over £298bn under management, is said to be among a handful of parties that have pitched proposals to acquire a minority stake in the club. While Carlyle’s interest in Manchester United is serious, key details of the proposal, including how much capital it would look to invest and the structure of the potential package, have not yet been finalised.
The Manchester United Supporters’ Trust (MUST) has called on the Glazers to quickly conclude their sale of the club. The American owners have been happy to wait for their asking price to be met, but MUST has pointed out that Erik ten Hag needs to know how much funds will be available in the summer. They claim United are in “dire need of new investment” amid interest from Sir Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad Al Thani. Fellow bidder Thomas Zilliacus has also confirmed he is still keen to buy the club from the Glazers.
Carlyle has owned companies in the UK such as RAC breakdown recovery service and taxi hire firm Addison Lee. The group has been locked in talks with the Glazers for some time, and a source informed Sky News that Carlyle’s interest in Manchester United was serious. However, key details of Carlyle’s proposal have not yet been finalised, including exactly how much capital it would look to invest and the structure of the potential package.
The Glazers further delayed the takeover process this week by opening up a third round of bids. Manchester United Supporters’ Trust has called on the family to avoid further delay, pointing out that Erik ten Hag needs to know how much funds will be available in the summer. They claim United are in “dire need of new investment” amid interest from Sir Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad Al Thani. Fellow bidder Thomas Zilliacus has also confirmed he is still keen to buy the club from the Glazers.
The ongoing takeover saga has been described as a “farce” by Thomas Zilliacus, who accused United’s unpopular owners of disrespecting the club. Manchester United Supporters’ Trust has called on the Glazers to quickly conclude their sale of the club, pointing out that Erik ten Hag needs to know how much funds will be available in the summer. They claim United are in “dire need of new investment” amid interest from Sir Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad Al Thani. Fellow bidder Thomas Zilliacus has also confirmed he is still keen to buy the club from the Glazers.
In conclusion, Manchester United is reportedly in talks with American financial investor Carlyle about a potential investment in the club. The Glazer family put it up for sale before Christmas, and the auction is now nearing its final stages. Carlyle, one of the world’s largest private equity firms with assets of over £298bn under management, is said to be among a handful of parties that have pitched proposals to acquire a minority stake in the club. However, key details of Carlyle’s proposal have not yet been finalised, including exactly how much capital it would look to invest and the structure of the potential package.