American asset management firm Ares is one of three US-based organisations to have reportedly offered to help finance a Manchester United takeover for potential bidders.
New York-headquartered hedge fund Elliot and Oaktree Capital from Los Angeles are the others to have proposed making funding available to parties interested in United, according to various reports. Neither Sheikh Jassim Bin Hamad Al Thani nor INEOS and Sir Jim Ratcliffe seem to be seeking external financing at this stage of the process.
A fortnight after the buyout financier's apparent interest in becoming involved in a potential takeover came to light, a partner at Ares, Mark Affolter, was coy when asked to put a timeline on when any sale could be done by. But who are Ares? We profile the California-based company below:
