• Loading stock data...
Saturday, June 22, 2024

Ares Management to Offer Funding for Man United Takeover

  • Ares Management has reportedly been offering funds to bidders of the Premier League club.
  • Ares has $352 billion in assets under management.
An exterior view of Old Trafford, home of Manchester United FC.

Another U.S. asset manager is throwing its name in the hat for Manchester United.

Ares Management, which has $352 billion in assets under management, has reportedly offered funding to at least one bidder for the Premier League club — who turned it down “because the terms were unattractive,” according to Reuters.

In September, Ares raised $3.7 billion of dedicated funding for sports leagues, sports teams, sport-related franchises, and media and entertainment companies. But it’s unclear if that fund — which has invested in Atletico Madrid and Inter Miami — would finance the Manchester United bids. 

Elliott Management previously indicated it would consider financing a bid but has no plans to make its own offer. It isn’t currently aligned with an investor.

Oaktree Capital has also reportedly offered financing.

Only two bids are currently public. Qatari Sheikh Jassim bin Hamad Al Thani confirmed his bid for a full takeover without debt. British billionaire Jim Ratcliffe’s INEOS has also acknowledged a bid.

Ongoing Criticism 

Bidders have reportedly been instructed to stop criticizing the Glazers — the club’s current owners — in their efforts to acquire the team.

Forbes last valued the club at $4.6 billion, but the sale is expected to fetch the biggest price tag ever for a sports team.

Copy Link
Link Copied
Link Copied

What to Read

Everton FC owner Farhad Moshiri stands on the pitch at Goodison Park Stadium.

Another U.S. Takeover? Houston-Based Group in Talks With Everton

The English soccer club continues to look for a new owner.

Clark vs. Reese: Priciest WNBA Game Set for Record-Breaking Viewership

Ticket pricing has already set a league record, while viewership expectations are lofty.

MLB’s Rickwood Game Plans Change Significantly After Passing of Mays

The special-event game at the historic Negro League park follows the death of the iconic Willie Mays.
podcast thumbnail mobile
Front Office Sports Today

How Women’s Sports Media is Charting Its Own Path


Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Aces Sell Out Regular-Season Home Games in WNBA First

The Aces’ slow start continues to have no impact on the box office. 
June 18, 2024

Grousbeck’s Big Bet: Can Owner’s Spending Keep Celtics on Top?

The high-spending team faces more rising costs heading into its title defense.
June 20, 2024

New Koch Stake Values Nets, Liberty Parent at $6 Billion

The Koch family is well known for its conservative political donations.

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 13, 2024

Done Deal: Utah Hockey Club Unveils Identity, Colors, and Jerseys

The newly established NHL franchise selects a color scheme and temporary name.
June 10, 2024

Real Madrid Flees From Boss’s Claim It Won’t Play in FIFA’s Troubled Club World Cup

Carlo Ancelotti originally said his team won’t play in the U.S. tournament next summer.
Jan 21, 2023; Philadelphia, Pennsylvania, USA; Philadelphia Eagles owner Jeffrey Lurie walks off the field after win against the New York Giants during an NFC divisional round game at Lincoln Financial Field.
June 6, 2024

Report: Jeffrey Lurie Exploring Sale of Eagles Minority Stake

A sale would be based on a $7.5 billion team valuation.
Jan 11, 2020; Austin, TX, USA; Mike Bloomberg kicks off his presidential campaign in Austin on Saturday, January 11, 2020.
June 6, 2024

Report: Michael Bloomberg Joins Battle for Timberwolves Ownership

The former New York City mayor is worth roughly $106 billion.