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Business News›News›International›Business›Carlyle in talks to buy stake in
Manchester United: Report



THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW.

Read Today's Paper


CARLYLE IN TALKS TO BUY STAKE IN MANCHESTER UNITED: REPORT

SECTIONS
Carlyle in talks to buy stake in Manchester United: Report
ReutersLast Updated: Apr 16, 2023, 12:04 AM IST
Synopsis


CARLYLE WAS ONE OF A HANDFUL OF PARTIES VYING FOR A MINORITY STAKE IN THE OLD
TRAFFORD CLUB, THE REPORT SAID, ADDING THAT THE EXACT DETAILS OF THE PROPOSAL,
INCLUDING THE INVESTMENT AMOUNT AND DEAL STRUCTURE, WERE YET TO BE FINALISED.

United have won the English top-flight title a record 20 times but their last
triumph was in 2013.
US buyout firm Carlyle Group Inc is in talks about a "major" investment in
Manchester United as the auction of the Premier League soccer club enters its
final stages, Sky News reported on Saturday.

Carlyle was one of a handful of parties vying for a minority stake in the Old
Trafford club, the report said, adding that the exact details of the proposal,
including the investment amount and deal structure, were yet to be finalised.

Carlyle did not immediately respond to a Reuters request for comment. Manchester
United declined to comment. United's American owners, the Glazer family,
launched a formal sale process late last year and have received several bids,
including from Qatar's Sheikh Jassim Bin Hamad Al Thani and British billionaire
Jim Ratcliffe.



Sports industry news site Sportico reported this month that Manchester United
would accept a third round of bids from prospective buyers at the end of April.

The Glazers bought Manchester United in 2005 for 790 million pounds in a highly
leveraged deal that has been criticised for loading debt on to the club.

United have won the English top-flight title a record 20 times but their last
triumph was in 2013.




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