• Football
  • Boxing
  • UFC
  • Home
  • Football
    • England
    • Transfer News
    • Premier League
    • Champions League
    • Lionel Messi
    • Cristiano Ronaldo
    • EA FC 25
    • Wrexham
  • Boxing
    • Tyson Fury
    • Anthony Joshua
    • Oleksandr Usyk
    • Mike Tyson
    • Jake Paul
    • Logan Paul
  • UFC
    • Dana White
    • Conor McGregor
    • Khabib Nurmagomedov
    • Jon Jones
    • Paddy Pimblett
    • Joe Rogan
  • Other Sport
    • Athletics
    • Formula 1
    • MMA
    • Motorsport
    • NBA
    • Darts
    • NFL
    • Snooker
    • Wrestling
    • Tennis
    • Cricket
    • Golf
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
"Talking to people..." - Journalist drops major update over Amazon's potential bid for Man Utd

Home> Football

Updated 12:15 28 Nov 2022 GMTPublished 12:16 28 Nov 2022 GMT

"Talking to people..." - Journalist drops major update over Amazon's potential bid for Man Utd

A journalist has dropped a major update on Amazon’s interest in purchasing Manchester United.

Chris Byfield

Chris Byfield

A journalist has dropped a major update on Amazon’s interest in purchasing Manchester United.

Last week controversial Man Utd owners, the Glazers, shocked the football and financial world by announcing they were exploring financial options that could include an outright sale of the club.

Investment bankers are said to be advising the Glazers on the process which is likely to include a full or partial sale or strategic partnerships with third parties.

Advert

There has since been reported interest from British Billionaire Sir Jim Ratcliffe, US-based venture capitalists, oil-rich Middle Eastern states and technology giants Meta and Apple.

Indeed, Apple CEO Tim Cook is reportedly keen to explore the opportunities owning Man Utd could provide and will line up talks with the banks appointed to oversee the sale.

Amazon bid?

According to the Daily Mail, Amazon poses as "credible" and "serious" suitors to succeed the Glazers at Man Utd.

However, CBS journalist Ben Jacobs has claimed that the Jeff Bezos-owned Amazon, is “way off” the asking price for the club.

The Glazers took control of Man Utd in 2005 in a £790million deal, largely funded by debt.

Advert

According to the Telegraph, the American owners are looking for a price “comfortably in excess of £5billion”.

Jacobs told the Done Deal Show: “One thing I want to add on all of this is that talking to people close to Amazon, and also other investor groups, every single one says the same thing and I think this is really crucial, that the price being quoted is way off.

“So if it turns into a bidding war, that’s one thing and if the Glazers allegedly want £8billion, that’s another, but that’s never been my understanding.

“First of all, what you do is you set a price, that’s not a sale price, but it’s a yardstick price. and that yardstick price is a market valuation that can be assessed comparative to the Chelsea price, £2.3billion, all the way up to a prospective valuation of Manchester United now or in the future."

Featured Image Credit: Shutterstock

Topics: Football, Manchester United

Chris Byfield
Chris Byfield

Sport journalist with experience writing on football, rugby, boxing and the Olympics. I'm also a Crystal Palace fan. Please don't hold this against me.

Advert

Advert

Advert

Choose your content:

7 hours ago
8 hours ago
9 hours ago
  • 7 hours ago

    Cristiano Ronaldo tells Al Nassr to scrap move for Arsenal star and sign Real Madrid man instead as £73 million bid submitted

    The former Real Madrid star wants Al Nassr to raid his old club.

    Football
  • 7 hours ago

    Kylian Mbappe's reaction to Real Madrid star's crazy moment against Borussia Dortmund goes viral as fans say the same thing

    The star striker couldn't hide his feelings during the Club World Cup clash.

    Football
  • 8 hours ago

    Former Premier League star claims club doctors urged him to dope and then threatened him to keep quiet

    The ex-Premier League player has spoken out against club doctors who asked him to dope this season.

    Football
  • 9 hours ago

    Marcelo snubs Lamine Yamal and Ousmane Dembele as he names shock 80/1 outsider to win 2025 Ballon d'Or

    The Real Madrid legend has gone with an outside choice to claim the prize.

    Football
  • Respected Newcastle journalist drops Alexander Isak update that Liverpool fans need to hear
  • Man Utd 'source' drops update on Marcus Rashford's future as club makes potential hint in new calendar
  • Brandon Williams linked with shock move to reunite with former Man Utd manager in bid to revive his career
  • Respected journalist drops Luke Shaw injury update following claims of fresh blow for Man Utd star