According to a rumor from the United Kingdom, Apple CEO Tim Cook is interested in purchasing Manchester United, one of the most successful clubs in the English Premier League.
The British newspaper Daily Star reported on Thursday that Apple executives are interested in negotiating a potential deal with existing club owners Joe and Avram Glazer. The current asking price for Manchester United is approximately £8.25 billion (almost $10 billion), with Apple reportedly willing to go as high as £5.8 billion.
If the transaction is for this amount, it would be the most expensive in the history of sports. The company of Todd Boehly purchased Premier League team Chelsea from Russian businessman Roman Abramovich for £4.25 billion ($5.2 billion) in May of last year. The Glazer family purchased Manchester United in 2005 for approximately £800 million.
According to the Daily Star, Apple CEO Tim Cook is negotiating a transaction with banks, including the Raine Group. According to a source close to Apple, this information is now impossible. According to a source with firsthand knowledge of the issue, the report that Apple will purchase Manchester United for approximately $7 billion is a massive error.
According to Apple Insider, neither Manchester United nor Tim Cook have commented on recent events. Tim Cook has been Apple’s CEO since the death of Steve Jobs in 2011. In 1998, he joined Apple as senior vice president of global operations. He is currently worth over $1.8 billion and holds approximately 3.3 million Apple shares.
With an annual sales of £326 billion, Apple is one of the world’s top technological corporations. Apple is currently valued at over £2 trillion. If Apple purchases Manchester United, the club will surpass Newcastle United and become one of the wealthiest in the world.
Apple has no intention of purchasing Manchester United, but it is making inroads into the sports industry. Currently, MLB is collaborating with Apple TV+ to provide weekly Friday Night Baseball programming throughout the 2022 regular season. In conjunction with Major League Soccer, the next match of the regular season will take place on February 1, 2023. The new MLS Season Pass service will be made available in over one hundred countries and regions, allowing users to watch home office and League Cup matches directly on the Apple TV app.