By Euro Weekly News Media • 28 March 2014 • 15:03
Beckham and friends allegedly want to buy Manchester United.
David Beckham and members of Manchester United’s famous ‘Class of ’92’ team are considering bidding for a £2billion takeover of the club.
Reportedly, the takeover would be largely funded by Qatar’s oil-rich royal family and brokered by Beckham.
Beckham, who spent several months playing for Qatari-owned Paris Saint-Germain before retiring last season, wants to buy the team that made his career a success with the help of some former team-mates.
The Sun newspaper reported that Beckham, along with Ryan Giggs, Paul Scholes, Gary Neville, Phil Neville and Nicky Butt, are in detailed talks to become the front men of a multi-billion pound purchasing group.
The group is hoping to buy a 90% stake in the club from Americans Joel and Avram Glazer, who purchased Manchester United in 2005.
Despite Manchester United suffering one of the worst seasons in its history, the club is currently valued at $2.6 billion, or £1.6 billion, and though it may have dipped slightly in value – due to a losing streak – it’s still hot property.
Manchester United shares rose by $16.14 on the New York Stock Exchange on Wednesday amid speculation over the prospective takeover bid.
But recent poor performances have led to rumours that the club’s owners may be eager to walk away. According to The Sun, the Glazers, who purchased a majority stake in the club for £810million in 2005, have lost interest and would like to sell.
Prospective buyers have approached the Glazers several times about a takeover, but the price has always been a stumbling block.
In 2010 a local group dubbed the Red Knights wanted to buy the club, but they failed as they couldn’t meet the Glazers’ high asking price.
A Manchester United spokesperson said: “We haven’t received any bids for the club. If we had we would have informed the New York Stock Exchange.”
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