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Spanish billionaire Amancio Ortega has reportedly expressed interest in buying Manchester United from the Glazer family
Armancio Ortega, the founder of clothing brand Zara and the 19th richest man in the world, has reportedly thrown his hat into the ring to buy Manchester United.
United’s current owners, the Glazer family, put fellow billionaires in the red earlier this week when they revealed they are now open to selling the club.
Now the Manchester evening news have detailed that Ortega has “already spoken to Old Trafford executives” to express his interest in buying United.
On a day when Apple has been revealed to be interested in buying Manchester United in a £5.8bn deal, news of reported interest from Ortega will intrigue supporters who are desperately looking forward to the end of Glazers’ reign.
Ortega is 86 and is reportedly worth $61.3 billion Forbes’ rich list of billionaires.
The Spanish fashion billionaire has no previous experience running a sports team and has instead made his living in real estate and fashion.
He owns 59 percent of the clothing empire Inditex, which he founded in 1975, and last year appointed his daughter, Maria Ortega Perez, as president of Zara.
Ortega, who has three children, would mark a move away from the Glazer family, who have owned Manchester United since 2005.
But it is expected that there will be a lot of competition for United as they remain one of the most lucrative businesses in all of the sport.
The Glazers confirmed this week that they are ready to sell United after 17 years at the club
A top priority for United’s new owner will be to upgrade their famous ground, Old Trafford
As well as news of Apple’s interest, first revealed by the Daily starthere are one line of high-profile individuals who have expressed interest in taking the lead.
Twitter CEO Elon Musk jokingly wrote on the platform this summer that he would buy the club, with the 51-year-old’s post gaining more than 800,000 likes.
UFC superstar Conor McGregor has also thrown his hat in the ring, having previously expressed interest in taking over the club.
The 34-year-old took to Twitter after the European Super League announcement in April last year, writing: ‘Hey guys, thinking of buying Manchester United! What do you think?’
Any potential deal would almost certainly make it the most expensive takeover of a football club in history, surpassing the £4.25 billion a consortium led by Todd Boehly paid for Chelsea earlier this year.
Ortega has no previous experience in sports and has made his billions in the fashion world
A big deal for anyone buying United is Old Trafford, the club’s iconic stadium. The venue has long needed a facelift to compete with the biggest clubs around the world.
It is clear that rebuilding the stadium will cost around £1.5 billion, making it the most expensive football ground in the world – ahead of Tottenham’s new £1 billion stadium.
United went into the ground in 1910 – dubbed ‘The Theater of Dreams’ by fans around the world – and have called it home ever since. The stadium was last renovated between 2005 and 2006, adding 8,000 seats.
Elon Musk (left) and Conor McGregor (right) have previously expressed interest in buying the club
Red Devils legend Gary Neville backed the call for a complete rebuild of the stadium when stories of investment in the arena first surfaced in February.
He posted on Instagram: “There is a story going up at Old Trafford that they could rebuild the whole stadium and I have just been asked what I think. I actually think it would be the right move.
“I think by the time they’ve spent money on Old Trafford, the existing, I think you’re better off building a brand new, better, super stadium. I do think Manchester United should always be ahead in stadiums, have the best facilities and they have fallen behind.