Elliott Management has reportedly joined Qatari Sheikh Jassim Bin Hamad Al Thani and Sir Jim Ratcliffe's INEOS Group in making it through to the second stage of the Manchester United takeover process, according to Sky Sports.
The Florida-based hedge fund is said to have submitted a 'proposal for financing' that is 'open to all parties'. As was widely reported when their initial interest first emerged in February, they have no intention of owning the club outright despite attending Old Trafford for Thursday night's Europa League round of 16 first leg against Real Betis.
But what does a hedge fund want with United? The Manchester Evening News has profiled Elliott in the hope of explaining all.
