Wednesday, April 24, 2024

A Finnish billionaire promises Man United fans a major takeover of the club


Fans of English football club Manchester United will be at the heart of a proposed takeover of the Premier League giant to have their say on key issues such as the development and building of the “Old Trafford” stadium, Finnish businessman Thomas Ziliakos said today. Team. Ziliakos finally joined the race to buy the club, which is owned by the American Glazer family, which announced in November that it wanted to sell the 20-time league title winner.

Ziliakos (69 years old), the founder and chairman of the investment company “Mobile Future Works”, entered the third party in the purchase of the club, along with Qatari banker Sheikh Jassim bin Hamad bin Jassim bin Jabr Al Thani and British billionaire Jim Radcliffe. The last two parties submitted their offer, the second last week.
American fund Elliott Investment Management, which sold AC Milan for $1.3 billion last year, has reportedly offered to buy a minority stake in the club.

No figures were released by Rain Group, which is handling bids on Glazer’s behalf, but some sources put initial bids in the £4.5 billion ($5.5 billion) range. The Glazer family set the purchase price at £6 billion. Ziliakos, who has been announced as a supporter of United, has confirmed that he favors a model that hinges on buying a club that has won the Champions League three times and then selling shares to its fans around the world. “He (United) was there long before all those chasing him were born, and he will be here after all those people are dead,” he told Eye newspaper. And, he said, “the backbone of that company is the masses, and in this case it is very important that they are at the center of the decisions.”

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In recent years, United fans have expressed their displeasure with Glazer’s policy in the management of the “Red Devils” club, who blockaded the “Old Trafford” stadium with the aim of postponing the match against Liverpool in 2021. American Referee. Ziliakos confirmed that if his proposal to buy the club is accepted, fans will be allowed to have a say on key matters such as the “Old Trafford” stadium and a possible redesign of the team building, but not the choice of the team. Although he is a latecomer to the takeover battle, Ziliakos insists his investment group should be seen as a serious competitor to other parties.

Camelia Garner
Camelia Garner
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