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Manchester United Sale: Finnish Magnate, Thomas Zilliacus Bids for Club

Posted : 11 April 2023
Zilliacus desires to acquire 50% of the club, with the remaining 50% being purchased by supporters who will participate in the decision-making process of the club.
The time limit has been extended for interested parties who had until Wednesday at 21:00 GMT to submit their offers.

"Any sport club ultimately should belong to its fans. My bid is built on equality with fans," said Zilliacus.
"The current development, where billionaire sheiks and oligarchs take over clubs and control them as their personal playgrounds is not a healthy trend.

"The current market value of the club is just under $3.9bn (£3.17bn). That means that if every one of the fans of the club would join in buying the club, the total sum per fan would amount to less than $6.

"My group will finance half of the sum needed to take over the club, and will ask the fans, through a new company that is being set up for this specific purpose, to participate for the other half.
"If every fan joins it means less than $3 per fan."

Zilliacus plans to give fans a say through an app from which they can "participate and cast" their vote "when deciding on footballing matters relating to the club".

The owners of Ineos, Sir Jim Ratcliffe and Qatari financier Sheikh Jassim, are the only bidders who have openly announced their interest. After meeting with United officials earlier in March, they are anticipated to submit second, amended bids.

No matter who ends up owning the club, it is also known that US financial firm Elliott has made a bid to buy a minority position.
Zilliacus is the founder and chairman of the brand-new social media company novaM Group. He has previously worked with the HJK Helsinki and the national hockey champions Jokerit.

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