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U.S. Hedge Fund Elliott enters 5 billion stg bidding battle for Manchester United - The Times

Published 18/02/2023, 16:08
© Reuters. FILE PHOTO: Soccer Football - General view of Manchester United's Old Trafford Stadium - Old Trafford, Manchester, Britain - February 15, 2023 General view of Manchester United's Old Trafford Stadium REUTERS/Molly Darlington/File Photo
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(Reuters) - U.S.-based hedge fund giant Elliott Investment Management has entered the 5 billion pound bidding battle for Manchester United Plc, The Times reported on Saturday citing sources.

© Reuters. FILE PHOTO: Soccer Football - General view of Manchester United's Old Trafford Stadium - Old Trafford, Manchester, Britain - February 15, 2023 General view of Manchester United's Old Trafford Stadium REUTERS/Molly Darlington/File Photo

The fund has ruled itself out of a full takeover of the club, but has offered to provide the financing for a bid, the report added.

Elliott Management Corp and Manchester United did not immediately respond to a Reuters request for comment outside business hours.

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