China interested in Manchester United

A Chinese billionaire is targeting shares in Manchester United according to reports.

 

The unnamed Chinese investor has reportedly become interested in buying a stake in Manchester United according to a report in The Sunday Times.

 

A group is working on behalf of an unnamed billionaire Asian buyer to judge the potential interest of various independent shareholders in selling up, according to the Daily Express.

 

It’s believed that members of the Glazer family, who own 80% of the club, could be ready to sell a large amount of shares. The club is listed on the New York Stock Exchange.

 

The six children of the late Malcolm Glazer, who purchased the club for £790million in 2005, reportedly hold differing views on whether to sell their shares according to UK media.

 

Last month Manchester United was named as one of the world’s most valuable football clubs by Forbes magazine. It’s believed that Manchester United is seen as an attractive trophy asset for Chinese billionaires, a number of whom have recently bought English clubs.

 

In 2016, the entrepreneur Lai Guochuan bought West Bromwich Albion, an Aston Villa was purchased by Tony Xia.

 

A separate consortium backed by Chinese finance is thought to be considering a bid for Liverpool.

 

Sino will be following this story closely as it develops so keep checking back for the latest.

 

 

 

EJ Ward

EJ manages all news content for Panda Radio in the UK, and prepares news for other stations in our radio group. Experienced in news reporting, and specialising in breaking news and political reporting, as well as on-the-ground reporting from conflict and hostile environments and major UK incidents. EJ is always on the hunt for hard news, specifically content relating to the UK, Europe and China. Find him on Twitter @EJWardNews

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