Amazon set to rival Apple in Man Utd takeover battle. Amazon are set to go toe-to-toe with Apple in a bid to buy Manchester United following news the Glazer family are considering selling the club.
The unpopular American owners have been in charge at Old Trafford since 2005 but announced last month they had begun a process to “explore strategic alternatives to enhance the club’s growth”.
It’s understood they’re looking for a bids of around £7billion, nearly £3bn more than Todd Boehly paid to buy Chelsea earlier this year, though a number of potential buyers remain seemingly undeterred by price tag.
According to The Athletic, people close to the talks say that Amazon, which holds broadcast rights for the Premier League after paying £30m-a-year, are exploring a potential bid.
It’s unclear whether regulations which ultimately prevented United being sold to Sky in 1999 could impact any move from the multinational conglomerate, however.
“Amazon declined to comment on rumour and speculation,” the company told The Athletic.
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Amazon is owned by American tycoon Jeff Bezos, whose personal net worth is estimated to be well north of £100bn.
Should their interest in United materialise into a bid, they’ll face competition from the likes of Apple, who Daily Star Sport revealed are interested in a purchase, as well as Ineos chairman and Britain’s richest man Sir Jim Ratcliffe.
It’s understood that experts in the City of London believe the £7bn price tag to be unrealistic, with data and analytics platform Football Benchmark, valuing United at around £2.43bn instead.
Amazon set to rival Apple in Man Utd takeover battle