Apple interested in buying Manchester United Nov. 24, 2022 The British tabloid newspaper, without citing any sources, said Apple’s chief executive Tim Cook, was interested in paying £5.8 billion for the storied Premier League football club. “CEO Tim Cook is keen to explore the opportunities owning United could provide – and will line up talks with the banks appointed to oversee the sale, which include The Raine Group,” wrote the Daily Star on Thursday. The newspaper said that a purchase by Apple would make Man Utd the richest club in the world. However, given a number of other clubs such as Newcastle United, owned by Saudi Arabia, have the resources of wealthy countries who do not need to apply commercial logic to their holdings, this claim is incorrect. What the Daily Star perhaps means is it would make Man Utd the most highly valued football club. Apple could not be reached for comment. Manchester United did not reply to a request for comment. Man Utd has been put in play after American owners the Glazers this week said they were considering options for the business, which is quoted on the New York Stock Exchange. The Glazers, who also own the Tampa Bay Buccaneers, have been unpopular owners with Man Utd fans; for years facing demonstrations for them to sell. In an open letter sent to the Glazers before the Daily Star published its story, the Manchester United Supporters Trust wrote: “The last 17 years has been characterized by debt and decline – on-the-field and off it. The vast majority of United fans will agree with the conclusion you appear to have also reached – it’s time for change. “You have made huge amounts of money from Manchester United. Hundreds of millions of pounds out, without a single penny of investment in. Whatever commercial objective you had in 2005, we suspect you have met it.” Speculation is building that former Man Utd star David Beckham may front a consortium of buyers for the club. Potential bidders include Man Utd fan Sir Jim Ratcliffe, a British billionaire.
I swear, if I was Bob Iger, I'd buy Formula-E for Disney/ESPN. Porsche premiered its all-new Porsche 99X Electric Gen3 this week following an evaluation in the Porsche Development Centre in Weissach, with the covers coming off at the new Porsche Experience Center in Franciacorta, Italy. The car is the culmination of approaching two years' work for the TAG Heuer Porsche Formula E Team and Porsche Motorsport, with the Stuttgart car giant and legendary motorsport name pouring large resource into what is a flagship sporting programme for the company - especially key as Porsche aims for an 80% EV share of all its road models sold come 2025. "Formula E is something very special," says Thomas Laudenbach, Vice President of Porsche Motorsport - who says competition in the world's leading electric race series will accelerate the company's EV transition through technology transfer. "It’s all-electric racing, and if you look around there are no other series – no championships like it at this level; the driver line-ups, the competitiveness and the level of competition, as well as exciting racing for the fans. They’re the reasons we’re involved. "Our board have explained the importance of electrification and e-mobility to the Porsche brand, and the company has big ambitions for our road cars and electrification from 2025 up to 2030.
If true this would mark peak market valuation for apply like many previous companies who suddenly thought acquiring sports teams was an awesome idea. Zero shareholder value. If I wanted to invest in sports teams or other assets I would not buy apple stocks.
Content providers investing in sports makes a lot of sense at right valuations. Apple buying a sports team? Peak stupidity of the leftist tech corporations. Look how much fat Elon is trimming at Twitter. Apple staff can probably be easily halved and still operate just fine. They probably ran out of ideas. Look at their computers, tablets, and phones. Nothing new for almost 2 or 3 generations. Just incremental improvements provided by display manufacturers and cpu makers.
I would tend to agree with that statement. Apple is so loved on WS. I mean it's a great company, well run, etc... but I think their multiple needs to contract a bit more. Ya know, if history is any guide, and if we are in fact in a bear market teetering on the verge of recession.... the companies that emerge from times like these as the new market leaders, aren't the same companies that were the market leaders going in. Will that apply to Apple this time around? I dunno. I sure wouldn't buy it north of $170ish. It should have a PE of 16 tops. Which is where it lived forever... +/- a bit. If Apple takes a 25% haircut.... yikes on America's 401K's, IRA's, managed funds, etc, ...because as far as I can tell, every pro in the world owns this stock. Now these folks aren't dummies.... the ones that manage billions (or at least 100's of millions). Sooo.... yeah.... Apple buying MANU... bad sign.... watch out below if they start selling. And odds are if it does come down, it'll take everything down with it.
Love your posts, vanzandt, not because you agree with me this time but because you apply thoughtful and logical analysis.
What is the connection between buyout talk and Ronaldo leaving? https://www.espn.com/soccer/soccer-...ronaldo-leaves-man-united-by-mutual-agreement