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US firm Ares asked about Manchester United takeover timeline amid 'funding offer'

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manchestereveningnews.co.uk

A partner at American asset management firm Ares remained coy on talk of Manchester United being taken over in the near future, amid speculation the Stateside operation could form part of a takeover bid.

Mark Affolter refused to comment when asked whether they thought a takeover of United would be completed within the next year at a sports business conference last week.

It has previously been reported that the Los Angeles headquartered buyout financier has offered funds to help a potential bidder in their attempts at a United takeover.

They are one of three such firms to have done so, with hedge fund Elliot and fellow LA-based firm Oaktree Capital also offering to finance bidders.

Read more on manchestereveningnews.co.uk
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