Elliott Investment Management are willing to fund a £2billion redevelopment of Old Trafford – even if they are unsuccessful in buying Manchester United from the Glazers.
The American hedge fund is one of the three bidders to have been made public since the passing of the Glazers’ soft deadline last Friday. They are up against INEOS founder Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani.
Elliott manages assets worth a whopping $56billion (£46bn) and has previous involvement in football, having owned AC Milan between July 2018 and June 2022. There has been little detail revealed on the hedge fund’s offer since their bid was reported last week.
