Elliott Management enter the fray to buy Manchester United
The controversial US investment group previously owned AC Milan and are looking for a minority stake from the Glazers
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Elliott Management have made an offer to buy a minority stake of Manchester United, potentially changing the landscape of the sale. The Independent has been told the bid, which was submitted before Wednesday night’s 9pm deadline, is for a small stake in the club.
Figures involved with the process have long maintained that the Glazers staying on with such a deal is an option that cannot be ruled out.
The Independent had been told three weeks ago that Elliott was planning a bid for a minority stake, only for the group to say that was “categorically untrue”. While it is maintained that the offer was only decided upon after a tour of United last Thursday, numerous sources insist it has been considered for some time.
The controversial investment group previously owned AC Milan and the move into English football is understood to represent a developing policy on the UK arm of the business.
The United sale process descended into farce on Wednesday when the INEOS and Qatar groups made clear they were submitting bids – with sources even insisting that was already the case – only for both to ask for extensions.
The second deadline was nevertheless always seen as “soft”, and there was never any realistic possibility of either major bidder being discounted. Numerous sources meanwhile maintain there has been some frustration with how the process has played out in public.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments