Apple is said to be considering a billion-dollar bid to takeover English football giant Manchester United, according to new reports.
It was confirmed earlier this week that the American Glazer family’s ownership of the football club is set to end when a note to the New York Stock Exchange said the family is exploring “strategic alternatives” for the English football club.
The statement said the process was “designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.” British tabloid The Daily Star now reports that Apple CEO Tim Cook is keen to explore opportunities that owning Manchester United could provide and is weighing up an official bid for the club in the region of £5.8 billion ($7 billion).
If Apple were to complete a deal, it would be the first time the technology giant has bought a sports team. Manchester United is one of the world football’s most successful clubs with three Champions League wins and 20 League titles.Read more on deadline.com