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Monday, October 19, 2020

Russian billionaire Mikhail Prokhorov denies planning a takeover bid for Manchester United

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Billionaire Mikhail Prokhorov DENIES Russian reports he’s launching a takeover bid for Manchester United … with former Brooklyn Nets owner not planning an imminent return to sports ownership

  • Reports in Russia say billionaire Mikhail Prokhorov wanted Manchester United
  • Sports mail it has been said that the former owner of the Brooklyn Nets firmly denies this
  • Prokhorov has a net worth of £ 8.7 billion having been valued this year by Forbes
  • Manchester United has been largely owned by the Glazer family since 2003

Russian billionaire Mikhail Prokhorov firmly denies planning a takeover bid for Manchester United, sources said Sports mail.

Wednesday reports in Russia had suggested that the former owner of the Brooklyn Nets NBA team, who is valued by Forbes for a net worth of $ 11.3 billion (£ 8.7 billion), was aiming for a return to ownership. sporty.

Sports mail he has learned that this is not the case and Prokhorov has no immediate plans to return.

Mikhail Prokhorov has firmly denied suggestions he is attempting to buy Manchester United

United are valued at around £ 3 billion and are among the most marketable teams in all of the sport

United are valued at around £ 3 billion and are among the most marketable teams in all of the sport

Prokhorov, 55, made much of his fortune by selling his stake in metal giant Norilsk Nickel in 2008.

He has stakes in the Russian power, insurance and banking sectors and even gained prominence when he raced against Vladimir Putin in the 2012 Russian presidential race.

Prokhorov’s time as a sports owner ended in 2018, when he sold his 49% stake in the NBA Brooklyn Nets franchise in a $ 2.3 billion deal to Chinese billionaire Joseph Tsai.

Man United bosses Avram Glazer (left) and Joel Glazer (right) are prominent figures on the club's board but are extremely unpopular with fans for their stint of ownership

Man United bosses Avram Glazer (left) and Joel Glazer (right) are prominent figures on the club’s board but are extremely unpopular with fans for their stint of ownership

Manchester United has been owned by the Glazer family since the acquisition of existing shareholders between 2003 and 2005.

Supporters have been protesting their Glazer family property for years, but with the club valued close to £ 3bn by Forbes, prospective owners have found a. a takeover bid increasingly difficult to finance.

Prokhorov, who invested heavily in the Nets before selling his stake, is an individual who has the wealth to finance such a deal but, for now, has firmly denied any interest in a return to sports ownership.

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