Manchester United recently revealed it is seeking financial investment
Manchester United have denied speculation that a luxury lounge, which comes complete with a high-end shop front, set up ahead of the World Economic Forum in Davos, Switzerland is intended to attract the attention of billionaire investors.
The Premier League club revealed in November that it was seeking investment or even an outright sale, some 17 years after it was purchased by the US-based Glazer family.
Since then, it is understood that no formal offers have been received but it has been reported that there is interest in the club from Saudi Arabia, Qatar and the United States, as well as from the United Kingdom’s wealthiest man, Jim Ratcliffe.
And while formal bids are expected to be submitted in the coming weeks, a Manchester United spokesperson has denied that the temporary lounge in Davos is set to be a hub for talks to take place throughout the World Economic Forum, which began on Monday and runs until January 20.
Manchester United is seeking a buyer and has set up a storefront on the Promenade at Davos. Wonder if any billionaires will wander in and place a bid.
Worth noting that the Saudis have some prime real estate nearby… pic.twitter.com/y4BcpUSdR1— Dave Lawler (@DavidLawler10) January 16, 2023
Speaking on behalf of the football club, Ellie Norman said that the lounge was “definitely not” opened to attract bidders but it will instead be used to hold meetings between club figures and existing partners.