Premier League: Failed Liverpool takeover bid leaves Man U highest valued club

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Manchester United remains the highest valued Premier League club ever for its £790 million 2005 acquisition by the Glazer Family from the USA. A £2 billion ($2.6 billion) proposal to take over Liverpool could have replaced Manchester United atop the highest valued Premier League clubs’ table, but the proposal was declined.

Ten of the 20 Premier League clubs in action this season have seen change of ownership in the past 15 years. Among them Manchester United remains the 2nd oldest and the highest valued Premier League club ever.

Ever since the Russian billionaire Roman Abramovich had taken over Chelsea in 2003 in a £140 million deal, nine other clubs from thePremier League 2018-19 have been subjected to complete takeovers. Defending champions Manchester City and two newly-promoted clubs form the 2017-18 EFL Championship – Wolverhampton Wanderers and Fulham – too figure in the list.

Also Read: Manchester City owner’s cousin fails at $2.6 bn Liverpool takeover attempt

Wolverhampton Wonderers’ (Wolves) £45 million acquisition by China’s Fosun International in 2016 is the last takeover of any of the 20 clubs in action in the 2018-19 Premier League season.

Liverpool could have become the 11th and created a new Premier League record for the club value, but the deal failed. Reports suggest Emirates Ruling Family member and entrepreneur Sheik Khaled Bin Zayed al Nehayan, a cousin of Manchester City owner Sheikh Mansour bin Zayed Al Nahyan, had proposed £2 billion ($2.6 bn) to buy Liverpool. This could have resulted in the most expensive takeover in the history of club football, breaking Manchester United’s record £790 million acquisition by the Glazer family of USA in 2005.But the offer was turned down.

The current Liverpool owners, Fenway Sports Group are reportedly looking for a major investor instead of a complete sell-out. Nevertheless, English football clubs continue to remain the hottest football property with soaring valuations and commercial success over the years.

Takeovers of clubs like Chelsea, Manchester City and Ligue 1 giants Paris Saint-Germain have seen the immediate overhaul of their squad and cash injections resulting in success on the pitch followed by an increase in club’s treasury with enhanced sponsorship and broadcast revenue streams.

Also Read: Manchester United stocks soar at NYSE, club value hits $ 4bn

However, some takeovers took a tragic turn for the club as they entered an era of falling heroics with financial and general mismanagement. Blackburn Rovers are among the clubs that went through disastrous phase following takeovers as it became the first Premier League club, champions in fact, to play in League One, the third tier of English football. After the Indian poultry business major Venky Group acquired the Lancashire based club, it faced unimaginable losses and debts mounting over $100 million.

Leeds United, once seen as Manchester United’s fierce rivals, went through similar vows after GFH Capital passed the reigns to Massimo Cellino in 2014. The Football League banned him from the chairmanship owing to the tax evasion cases related to Italian outfit Cagliari. In 2015, however, Cellino was cleared to return to his position at the club that is still struggling to book a way back to the Premier League.

Also Read: ICICI Bank inks multi-year deal with Manchester United

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