Nov 24, 2022
Zara founder interested in Man Utd takeover as world’s 19th richest man – worth £52bn – enters bidding to buy club
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ZARA founder Amancio Ortega wants to buy Manchester United, according to reports.
The Red Devils were put up for sale last night, with the Glazer family looking for £9bn to flog the club.2Amancio Ortega is interested in buying Manchester UnitedCredit: AP
United have already received plenty of interest, with Sir Jim Ratcliffe and Apple both claimed to be keen.
And according to the Manchester Evening News, businessman Ortega, 86, has now entered the mix.
They claim that the Spaniard has already informed United chiefs of his desire to buy the club.
As per Forbes, Ortega is worth £52bn - making him the 19th richest man on the planet.Read More Man Utd StoriesUNITED LATEST Avram Glazer BREAKS silence on Ronaldo AXE David Beckham 'open to takeover'
He owns multinational company Inditex - of which Zara is a part.
His daughter, Maria Ortega Perez, is the chairwoman of the high street clothing powerhouse.
United sparked what could turn into a bidding war with their statement published last night.
It read: "Manchester United plc, one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.Most read in SportHOME SWEET HOME Gisele moves into new $11.5m Miami pad opposite Brady and talks to designerMASKED MEUN Why is Thomas Meunier wearing a mask for Belgium at the World Cup 2022?NEW SPARK Meet the stunning model and influencer who is rumored girlfriend of Zach WilsonTEEING OFF Paige Spiranac says pro-golfers are 'WORST' sports stars to date
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"The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
"As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company.
"This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders."
Man United fan and Britain's richest man Ratcliffe signalled his intention to buy the Red Devils earlier this year, and remains interested in his beloved club.
He will NOT be held to ransom, however, and will demand a fair market price.
Tech giants Apple, meanwhile, are also said to be in the mix.
CEO Tim Cook is claimed to be lining up talks with the bosses in charge of overseeing a sale.
Apple are worth an estimated £2TRILLION.2Maria Ortega Perez is chairwoman of ZaraCredit: Getty Topics
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Herschel Walker Gets the SNL Treatment—and Sounds Slightly More Coherent
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SNL kicked off its cold open this weekend with a panicked GOP sitting down for an emergency meeting with Herschel Walker, the scandal-plagued Senate candidate in Georgia, as voters head to the polls to determine the last seat in the Senate on Tuesday.
The sketch, which included a furrow-browed Mitch McConnell, Marsha Blackburn, and John Cornyn, saw a clueless Walker confusing simple words—”election” for an erection, voting by mail for voting by “male,” and so forth. Meanwhile, Republican leaders went back and forth over what to do with their man before finally deciding it was simply best to keep Walker quiet in the final stretch.
Those concerns, of course, are very real; Walker did actually confuse “election” for erection during a Fox News interview. Many, including Georgia’s Republican lieutenant governor, have blasted Walker as one of the worst candidates in the GOP’s history.
The solution on SNL to silence Walker also appears to borrow from reality. In the final days before Tuesday’s election, the former NFL star has been conspicuously quiet in interviews, mostly relying on others to do the talking for him. But it’s hard to see voters falling for that last-ditch strategy after months of absurd, incoherent statements that have come out of Walker’s mouth. (Read my colleague David Corn’s excellent dispatch on why Walker should release his medical records.) Looking at it one way, Kenan Thompson’s portrayal of Walker felt slightly more like a real Senate candidate. At least you were watching a man who knew he was in on the joke.