Amazon has emerged as a possible buyer for Manchester United after the Glazer family, who currently own the club, decided to put it up for sale.
According to rumors, Amazon has surfaced as a potential buyer for Manchester United after the Glazers put the club up for sale. The Glazers put the club up for sale earlier this year. After 17 years of contentious rule, the Americans are prepared to sever their ties with the Red Devils. They are looking to cash out between £6 billion and £7 billion, and they want any potential acquisition to be finalized by the beginning of the first quarter of the following year.
Since 2005, the Glazer family has been in charge of Manchester United, but Sir Alex Ferguson was the one who kept the trophies flowing at Old Trafford in the early years of their tenure.
But in the years that have passed since the Scot stepped down as manager, they have been subjected to a growing amount of criticism for their role in preventing managers such as David Moyes, Louis van Gaal, Jose Mourinho, and Ole Gunnar Solskjaer from reaching their full potential.
The revelation that the Glazer family was prepared to finally cash in on United was made public a month ago, and the news thrilled followers of the club.
And The Athletic reports that Amazon “had been mentioned as a possibility by individuals close to the talks.” Jeff Bezos’s previous company is already active in sports, so this would not be a new venture for Amazon.
They are able to broadcast some Premier League matches in addition to having a sleeve sponsorship contract with Napoli, who are presently in first place in Serie A. They also have the ability to sponsor Napoli’s jerseys.
Apple, a second massively successful company, has also been mentioned in the past. On the other hand, it is said that sources within the corporation have dismissed the possibility of a bid.
It is asserted that they only ever genuinely buy other companies in order to “integrate intellectual property into products,” and that when it comes to sponsorship, they exercise “careful judgment.”
According to recent reports, the Glazer family is hoping to sell Manchester United for between £6 billion and £7 billion, a figure that would make any potential takeover the most expensive in the history of football.
However, there are those who work in London who believe that this figure will be difficult to accomplish, particularly given the conditions that now exist in the world.
Joe Ravitch is representing the Glazers in any future sale negotiations, and the Raine Group, which is an investment banking firm, is providing assistance and advice in this matter.
Manchester United decides on the contracts of five players
The five players whose contracts are about to expire will have their contracts extended, according to Erik ten Hag.
Although their contracts officially expire on June 30—David de Gea, Diogo Dalot, Luke Shaw, Fred, and Marcus Rashford—United has the option to extend each player’s deal by one more year.
Dalot, Shaw, and Rashford, who play for the first team and are all in their 20s, will all be tied down by new, long-term contracts, according to United’s intention, according to Ten Hag. In August, Paris Saint-Germain and Barcelona met with Rashford’s brother and agent, Dwaine Maynard, to discuss Dalot’s potential.
Despite De Gea’s 32-year-old season’s success, Ten Hag has been vague about his plans for the Spaniard, whose 30th birthday is in March.
Ten Hag explained, “We are negotiating with them to extend their contracts, but we are in charge because on every player we have options, and we will exercise these choices. In response to a question concerning De Gea in particular, he reaffirmed, “Like I say, we have choices and we will do them.
Although the brief term of each deal makes United vulnerable, there are other solutions available if the choice is not the best.
Even though there is little likelihood that United will release Rashford, who has a one-year option on his contract, club owner Nasser Al-Khelaifi last week reaffirmed PSG’s interest in signing the England attacker for nothing in the summer.
Ten Hag responded, “I couldn’t answer that question. I’m not sure United can maintain Rashford. He must make a choice, and the only thing we can do is convince him that this is the greatest club to join.
“And it has to do with the club’s culture, but it also has to do with the way we work together, play, and practice. Do we provide the ideal environment for people to advance further? Additionally, it is a financial issue.
“So if we do that, if we can [speak] about the goals and how we want to achieve the goals, etc., then we will have those types of conversations with him. After then, the choice will be up to him. He’ll be here in one and a half years.”