US investment firm Sixth Street deny claims they want a stake in Manchester United
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American investment firm Sixth Street, which has strong ties to Real Madrid and Barcelona, DENY claims it wants a stake in Manchester United… after Britain’s richest man, Sir Jim Ratcliffe, announced his intention to make an offer for the club.
- Manchester United was put up for sale by the Glazers in November
- Sir Jim Ratcliffe has announced his intention to try to buy the club
- American investment firm Sixth Street reportedly wants a minority stake in the club.
- Sixth Street has denied this claim, stating that they have not spoken to United
- The firm has strong ties to Spanish giants Real Madrid and Barcelona.
US investment firm Sixth Street has denied claims that they are actively seeking to secure a minority stake in Manchester United.
United was put up for sale by the Glazers in November and formal offers are expected to begin next month.
Britain’s richest man, Sir Jim Ratcliffe, announced on Tuesday that his firm Ineos has entered the race to buy the club, and The Telegraph has reported that Sixth Street is also interested in participating.
US investment firm Sixth Street reportedly wants to take a minority stake in Manchester United
Sixth Street has denied this claim, stating that they have not held talks with United
This follows Sir Jim Ratcliffe announcing his intention to try to buy United from the Glazers.
Sixth Street has responded quickly, denying the claim.
In a statement posted to Twitter late Wednesday, Sixth Street wrote: “As part of our sports investment franchise, Sixth Street maintains active dialogues with leading organizations across multiple sports and around the world.
“But at the moment Sixth Street is not looking to buy Manchester United and is not in any active discussion to do so.”
Sixth Street has played a pivotal role in the refinancing of Real Madrid and Barcelona in recent years.
Both clubs were part of the European Super League (ESL) in 2021, but the breakaway division was scrapped after a few days due to fan protests.
The two Spanish giants have continued to push for ESL ever since and have been exploring their legal options as they are not happy with the Champions League reforms that will come into force in 2024.
Meanwhile, Sixth Street has been working in the background, reaching a 20-year deal worth €360m with Real Madrid president Florentino Perez last year that will allow the club to operate businesses out of the revamped Bernabeu. Reconstruction work on the iconic stadium must be finished before the 2023-24 season.
They also did business with Barcelona last summer as the Catalan club sought to resolve its financial problems.
In order to sign and register new players, Barcelona had to pull several financial levers, as they raised €700 million by selling future sources of income.
Sixth Street struck a lucrative deal with Real Madrid president Florentino Perez last year
One of the deals Barcelona agreed to means Sixth Street now owns 25 per cent of the club’s revenue from LaLiga TV rights for the next 25 years.
By pulling these levers, this allowed Barcelona to bring in a number of high-profile players in the summer, including Robert Lewandowski, Jules Kounde and Raphinha.
They were also able to keep Frenkie de Jong instead of selling him to Manchester United or Chelsea, who both showed great interest in the Dutch midfielder.
