Former Nokia communications boss joins Man Utd race
Finnish entrepreneur Thomas Zilliacus has placed a bid for Manchester United and is willing to pay a premium for the English soccer club, the former Nokia executive told Reuters on Thursday.
A small portion of the club’s shares is listed on the New York Stock Exchange. The market capitalization was more than $4 billion as of Wednesday’s close.
“We are willing and expect to go higher than that $3.9 billion,” Zilliacus said in a statement.
United’s current owners, the Glazer family, began looking at options including new investment or a potential sale in November, 17 years after they bought the record 20-time English champions for 790 million pounds ($971.70 million).
Zilliacus said he hoped the Glazer family would want “to go down in history as sellers who enabled the fans of Manchester United to become owners of the club”.
As part of the bid, he expects to invite fans of the club from around the world to be co-owners and make sporting decisions for the team.