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Home Business

Glazers out, Apple in

Will Apple own a football club?

by Emre Çıtak
25 November 2022
in Business
Reading Time: 3 mins read
Is Apple buying Manchester United?
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You might have heard the rumor about Apple buying Manchester United. Let’s take a look at the details together.

Owners of the big tech company are considering spending an astounding £5.8 billion to purchase Manchester United. Considering that Apple net worth as of today is approximately $2403.24 billion, this might actually happen.

Is Apple buying Manchester United?
Glazers out, Apple in

The Glazers, who own United, have chosen to sell the team after giving in to pressure from supporters who wanted them out. The club will be sold by the American billionaires to the highest bidder, and Apple executives have shown interest in talking about a possible purchase.

The worth of Apple eclipses that of the owners of Manchester City, Newcastle, and Paris Saint-Germain, but if Apple were to clinch a deal, United would become the wealthiest club in the world.

Apple buying Manchester United rumors

According to the UK’s Daily Star, Apple CEO Tim Cook has claimed that he is very determined to buy Manchester United, one of England’s most famous and successful football clubs. The report states that Apple is ready to pay $ 6.9 billion to buy the giant football club.

The rumor also mentions that Apple can finance the construction of a new stadium for the football juggernaut. Old Trafford, Manchester United’s current home field, has long-needed renovations. The team’s present owners claim they were afraid to invest in renovations and the construction of a brand-new stadium. Manchester United fans are indecisive on which bid their team should accept. Fans began sharing their toughs on the subject under a tweet from Twitter user @SuhailChowdhary :

Apple – Tim Cook
Ineos – Sir Jim Ratcliffe
Dubai – Hamdan Mohammed

Manchester United. This is Serious.

— Suhail (@SuhailChowdhary) November 24, 2022

The Glazer Family now has ownership of Manchester United. 2014 saw the demise of Malcolm Grazer, who bought the English football club in 2005. Following his passing, Malcolm Glazer’s six children were each given an equal share of Manchester United’s 90% ownership.

Manchester United, who had a rough year, was decided to be sold by The Glazer Family. According to the information we have, the family’s initial asking price for the club was $9.9 billion but it appears that the club will be sold to the highest bidder following family disagreements. So we might actually see Apple buying Manchester United in near future.

It is well known that the Glazer Family and Manchester United supporters don’t have a friendly connection. It is anxiously anticipated who will own Manchester United going forward after the Glazer Family, who are not well-liked by many supporters.

Apple net worth

Apple net worth as of November 24, 2022, is $2403.24 billion. Apple’s flagship iPhone is the center of the company’s operations. However, the Services portfolio, which now includes the App Store, Apple Music, AppleCare, Apple Pay, and licensing, has become the source of profit.

Additionally, non-iPhone gadgets like the Apple Watch and AirPod have become very popular. Due to the increasing popularity of the Apple Watch and AirPods, Apple controls the wearables and hearing aid businesses.

As of November 24, 2022, Apple's net worth is $2403.24 billion
As of November 24, 2022, Apple’s net worth is $2403.24 billion

Apple’s foothold in the field of personal health monitoring is strengthened by the Apple Watch’s strong uptake. Additionally, Apple creates, produces, and markets the iPad, MacBook, and HomePod. Operating systems, including iOS, macOS, watchOS, and tvOS are used to power these gadgets.

Apple also offers other services such as Apple News, Apple Card, Apple Arcade, Apple TV, and a new subscription service.

Who owns Apple?

Warren Buffet’s Berkshire Hathaway, which owned 5.56% of Apple stock as of 2021, was one of the company’s largest stockholders. Tim Cook, Apple’s CEO, who owns more than 3.3 million shares, Artur Levinson, Apple’s chairman, who owns more than 4.5 million shares, and other private investors came next. Apple’s current stock shares are as follows:

Beneficial Owner

Shares of Common Stock Percent of Common Stock

The Vanguard Group

1,255,155,794

7.68%

BlackRock, Inc.

1,057,340,486

6.47%

Berkshire Hathaway Inc. / Warren E. Buffett

907,559,761

5.56%

Tim Cook 3,279,726

Art Levinson 4,590,710

And this covers all of the current information on Apple buying Manchester United topic. This is just one of Apple’s current acquisition rumors, It was also rumored that the company wants to buy Disney as well. You can check our article about it from here: Apple buying Disney might be next on Bob Iger’s agenda

 

Tags: Applefeaturedmanchester united

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