Elliott Management has made it through the second stage of Manchester United's sale process - but it does not want to buy the club.
Representatives from the American hedge fund, which manages assets worth an eye-watering $56billion (£46bn), are reported to have been present at Old Trafford on Thursday for United's 4-1 victory over Real Betis in the Europa League. Elliott previously owned Italian giants AC Milan and while BBC Sport claims that it is not looking to buy a stake in United, the investment group is offering financial backing to all parties involved - including current owners the Glazers.
That could be done through a partial purchase or assisting with redevelopment work at Old Trafford and the club's Carrington training complex. Sky Sports adds that alongside INEOS chief executive Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani, Elliott has reached the second phase of the Red Devils' sale process.
