May 12 – While the Manchester United sale process closes in on naming a preferred bidder another of Europe’s biggest clubs looks to be readying for a sale of stock.
Rumours in the US are that Arctos Sports Partners are looking at acquiring a stake in Paris St Germain.
Actos already has positions in Serie A’s Atalanta, the Premier League Liverpool, MLS’s Portland Timbers, and the NWSL’s Portland Thorns. In the US it has stakes in 20 sports teams, including the NBA’s Warriors, Jazz, and Kings, MLB’s Dodgers, Red Sox, Cubs, Giants, Astros, and Padres, and the NHL’s Lightning and Wild.
Bloomberg reports they are looking at a 5-15% stake in PSG who value themselves at $4.6 billion.
PSG had revenue of $714 million last year. Qatar Sports Investments bought the club for $70 million in 2011.
Man Utd frenzy
The protracting sale of Manchester United is feeding a media frenzy flip flopping between making Ineos and Sir Jim Ratcliffe and Qatar’s Sheikh Jassim bin Hamad Al Thani favourite preferred bidders for the club.
Sheikh Jassim wants to buy the whole club for a reported $5 billion in cash. Sir Jim wants to keep the current owners, the Glazer family, as minority in a cash and stock bid that values the club slightly above $5 billion.
Raine Group are managing the process which had called for third and final bids at the end of April.
The sale is now getting close to the end of the season and the opening of the transfer window which is expected to see Manchester United, undergoing a resurgence under manager Erik Ten Hag, refreshing their squad with some big singings. England captain and Spurs striker Harry Kane is the biggest name being linked to the club but it is unclear whether budget has been allocated for acquisitions with the sales process on-going.
Contact the writer of this story at email@example.com