Finnish entrepreneur Thomas Zilliacus has ruled out an approach to bid for Liverpool after making an offer to buy Manchester United earlier this week.
US firm Ares asked about Manchester United takeover timeline amid 'funding offer'
06.03.2023 - 20:45 / manchestereveningnews.co.uk
A partner at American asset management firm Ares remained coy on talk of Manchester United being taken over in the near future, amid speculation the Stateside operation could form part of a takeover bid.
Mark Affolter refused to comment when asked whether they thought a takeover of United would be completed within the next year at a sports business conference last week. It has previously been reported that the Los Angeles headquartered buyout financier has offered funds to help a potential bidder in their attempts at a United takeover. They are one of three such firms to have done so, with hedge fund Elliot and fellow LA-based firm Oaktree Capital also offering to finance bidders.
Publicly, the only two known parties to have made indicative offers at this stage are chemicals company INEOS, led by chair and chief executive Sir Jim Ratcliffe, and Qatari Sheikh Jassim Bin Hamad Al Thani. INEOS reportedly want to do so without external financing and fund their offer themselves, as does Jassim, but news agency Reuters claimed last month that Ratcliffe and company could consider opening up their bid to a minority equity partner.
READ MORE: Pep Guardiola's prediction came true in Liverpool vs United
At the Financial Times’ Business of Football Summit in London, Affolter was part of a panel on valuing football clubs. When asked about his opinion on the likelihood of United being sold within 12 months, as reported by the Athletic, the partner at Ares replied: "no comment".
Of the other individuals who did answer, former Bolton Wanderers performance director and ex-Chelsea director of football operations, who has since co-founded sports consultancy firm Sportsology, Mike Forde and Andreea Koenig, a director at French club RC
The website celebfans.org is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Popular Celebs
Popular Tags
manchestereveningnews.co.uk
26.03.2023 / 04:31
Thomas Zilliacus lists four Manchester United takeover objectives if bid succeeds
Manchester United takeover bidder Thomas Zilliacus has listed four aims he would wish to carry out should he become the club’s next owner.
manchestereveningnews.co.uk
26.03.2023 / 01:35
Manchester United takeover latest: Sheikh Jassim bid 'improved' as Zilliacus is on 'same level'
Official offers for Manchester United are finally in from three public bidders.
manchestereveningnews.co.uk
26.03.2023 / 01:01
Sheikh Jassim submits second Manchester United takeover bid as Harry Maguire sends message
Here are your Saturday evening Manchester United headlines.
manchestereveningnews.co.uk
25.03.2023 / 18:49
Sheikh Jassim submits second takeover bid for Manchester United
Qatar's Sheikh Jassim bin Hamas Al Thani has submitted his second bid for Manchester United.
manchestereveningnews.co.uk
25.03.2023 / 15:45
Paris-Saint Germain decision sets Manchester United precedent amid Sheikh Jassim takeover bid
Paris Saint-Germain are set to escape serious UEFA sanctions despite incurring significant losses due to their sustained overspending across recent seasons.
manchestereveningnews.co.uk
25.03.2023 / 15:45
Sir Jim Ratcliffe's Nice tenure offers glimpse into potential Manchester United future
Sir Jim Ratcliffe has been running football clubs for over five years now.
manchestereveningnews.co.uk
25.03.2023 / 00:23
Manchester United forward Marcus Rashford 'makes contract decision' amid takeover talk and more transfer rumours
Marcus Rashford will hold out on signing a new contract at Manchester United until assessing what prospective new owners can offer him, according to reports.
manchestereveningnews.co.uk
24.03.2023 / 19:19
Manchester United defender Tyrell Malacia explains how Marcus Rashford helps him on pitch
Tyrell Malacia believes he and Marcus Rashford 'give each other energy' down the left-hand side as the Dutchman detailed his relationship with the striker and fellow left-back Luke Shaw.
manchestereveningnews.co.uk
23.03.2023 / 22:11
Sir Jim Ratcliffe and INEOS submit improved bid for Manchester United
Sir Jim Ratcliffe submitted a second bid for the takeover of Manchester United on Thursday afternoon after having requests for an extension on the original deadline granted by the Raine Group.
manchestereveningnews.co.uk
23.03.2023 / 18:41
'Taking fan owned too seriously' - Manchester United fans share same concern over Thomas Zilliacus takeover bid
Manchester United supporters have been left shocked following Finnish businessman Thomas Zilliacus' proposal to buy the Reds.
manchestereveningnews.co.uk
23.03.2023 / 07:43
Sir Jim Ratcliffe and Sheikh Jassim bids 'not received' by Manchester United as Glazer concern detailed
Bids not received
manchestereveningnews.co.uk
22.03.2023 / 20:11
Manchester United share price rises ahead of takeover deadline
Manchester United's share price has risen by six per cent ahead of the deadline for takeover bids today.
manchestereveningnews.co.uk
22.03.2023 / 18:13
'It was like living a dream' - Antony names best Premier League game at Manchester United so far
Antony has named his Manchester United debut as his favourite Premier League match in a Reds shirt so far.
manchestereveningnews.co.uk
22.03.2023 / 12:41
Sir Jim Ratcliffe ‘may bolster bid’ to beat Sheikh Jassim to Manchester United takeover
Sir Jim Ratcliffe could reportedly bring in a number of other financial backers to help him beat Sheikh Jassim bin Hamad al-Thani in the Manchester United takeover race.
manchestereveningnews.co.uk
21.03.2023 / 13:49
Brighton defender Lewis Dunk fires warning to Manchester United ahead of FA Cup semi-final
Brighton & Hove Albion captain Lewis Dunk says the Seagulls will be motivated by their 2019 FA Cup semi-final defeat to Man City when they face Manchester United at the same stage of the competition next month.
manchestereveningnews.co.uk
21.03.2023 / 05:21
Manchester United takeover latest: Glazers braced for fresh bid with owners ready to 'cash in'
Formal offers to acquire Manchester United are expected as early as Wednesday this week following a series of meetings over the last fortnight.
manchestereveningnews.co.uk
17.03.2023 / 13:29
Sir Jim Ratcliffe arrives at Old Trafford for Manchester United takeover talks
Sir Jim Ratcliffe is at Old Trafford for talks over a possible Manchester United takeover.
manchestereveningnews.co.uk
17.03.2023 / 05:59
Manchester United takeover latest - Qatari bidders hold Old Trafford talks
Sheikh Jassim Bin Hamad Al Thani visited Manchester United on Thursday as he bids to takeover the club.
manchestereveningnews.co.uk
13.03.2023 / 21:19
Who is Sir Dave Brailsford? British cycling chief profiled amid Manchester United role links
Sir Jim Ratcliffe is reportedly lining up Sir Dave Brailsford to lead the overhaul of Manchester United should his bid for the club be successful.