The Glazers’ family has decided to sell Manchester United due to their lack of popularity and demand from fans. They have stated that the club will be sold to the highest bidder.
The initial price for the club was £ 8.25 billion. However, the current club owners have been told that it is an impractical price considering the current state of the market.
The Apple upper management has proposed £5.8 billion for the football club and is looking forward to exploring possible deals.
Despite the lack of experience with owning a club of similar size, the CEO of the California-based company Tim Cook has stated that he is planning to arrange talks with the banks to supervise the sale and is interested in the opportunities that the ownership will bring.
Cook’s plan includes utilizing the company’s annual revenue of nearly £ 326 billion to fund the construction of a brand-new stadium.
If Apple finalizes the deal, Manchester United will become the richest club in the world.