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Manchester Evening News
Manchester Evening News
Sport
Kyle Newbould

US finance group Ares Management Corp 'joins' Manchester United takeover race

ARES Manchester United Ares Management Corp Jim Ratcliffe United States Manchester Red Al Thani Jassim Bin Hamad Al Thani

US buyout financier Ares Management Corp have reportedly offered funds to help a potential bidder buy Manchester United.

The club has been put up for sale by current owners, the Glazer family, with a soft deadline set to welcome formal bids by 10pm last Friday. That evening saw both Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani table their respective offers.

At the start of this week, hedge fund firm Elliott Investment Management reportedly signalled their interest to to fund a potential takeover bid, and Reuters has now reported that another US-based company are looking to facilitate a buyout.

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