Connect with us

Hi, what are you looking for?

Football Reporting
Football Reporting

Football News

Man Utd owners latest to follow Man City’s lead after Liverpool’s £540m investment


Manchester United’s owners have followed in the footsteps of Manchester City by investing in Australian club Central Coast Mariners.

United have reportedly opened talks with Mike Charlesworth, the owner of the Mariners, and are in talks to buy them.

If they do, they plan to relocate the club and make it their sister team.

The move would see them follow in the ownership model of City Football Group.

Advertisement. Scroll to continue reading.

The group, founded by Khaldoon Al Mubarak, owns Manchester City, Melbourne City, New York City FC, Mumbai City and Girona FC among other clubs.

And it seems United want to follow their business model by owning a sister club.

Manchester United's owners are set to buy a club in Australia
Manchester United’s owners are set to buy a club in Australia

City have been known to send players to the other clubs under their ownership umbrella, including Frank Lampard, Jack Harrison and Angelino.

United aren’t the only team looking to copy the four-time Premier League champions’ model, however.

Reigning champions Liverpool are the subject of a £540million investment, which is expected to see them branch out into other sports.

Advertisement. Scroll to continue reading.
Fenway Sports Group is set to expand into other sports franchises after the £540million investment
Fenway Sports Group is set to expand into other sports franchises after the £540million investment

Fenway Sports Group, the owners of Liverpool, will expand after an investment from RedBird Capital Partners, a move which will see LeBron James become a partner of the company.

After the announcement was made, it was reported that FSG wanted to diversify their portfolio to include NFL, NBA, NHL, MLS and NWSL franchises, as well as sports betting, esports and data analytics companies.

City Football Group was recently valued at £3.4bn, and both United and FSG are hoping to copy their business model in order to replicate the same sort of financial strength.

Football Australia will ultimately have the final say on whether the deal can go through, and the majority of A-League clubs will have to approve any of United’s proposals.

However, it has been claimed that the deal wouldn’t have much opposition, as United’s involvement would give the league’s profile a significant boost.

If United are successful, they would become the second Manchester club to buy an A-League team, following CFG’s purchase of Melbourne Heart – later to be rebranded as Melbourne City.





Source link

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like