City Of London
Apollo Leads Private Equity Interest in Manchester United Stake
- Glazer family weigh a minority stake sale in UK football club
- Alternative investment firms are piling into European football
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Manchester United FC’s owners are considering opening up the iconic English football club to a new investor -- with private equity firms likely to be crowding the field alongside high-net worth individuals.
Bloomberg News reported on Wednesday that the Glazer family may sell a minority stake in the English Premier League team. It’s the first sign the Americans are willing to cede some control at the club they have owned outright since 2005.